{"id":16531,"date":"2025-07-23T17:54:20","date_gmt":"2025-07-23T17:54:20","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/16531\/"},"modified":"2025-07-23T17:54:20","modified_gmt":"2025-07-23T17:54:20","slug":"att-tops-financial-estimates-but-internet-subscriber-growth-falls-short-2","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/16531\/","title":{"rendered":"AT&T Tops Financial Estimates, But Internet Subscriber Growth Falls Short"},"content":{"rendered":"

AT&T (T<\/a>) beat second-quarter financial estimates on Wednesday morning, as it added more monthly phone customers but fewer internet subscribers than analysts had forecast.\n<\/p>\n

The telecommunications giant reported adjusted earnings per share of $0.54 for the quarter, while revenue came in at $30.8 billion, each just above what analysts had projected, per Visible Alpha estimates.\n<\/p>\n

AT&T added 401,000 net postpaid phone customers, well above the analyst consensus of about 292,500, and 243,000 net AT&T Fiber internet subscribers, which was weaker than the analyst consensus.\n<\/p>\n

The internet, cell service, and cable TV provider said it now expects mobility service revenue to grow by 3% or more this year, up from 2% to 3% previously, with fiber internet revenue forecast in the mid- to high teens rather than the prior mid-teens growth estimate. The company’s adjusted EPS projection of $1.97 to $2.07 stayed the same.\n<\/p>\n

AT&T said it expects to see $6.5 billion to $8 billion in tax savings by the end of 2028 because of the Trump administration’s recently signed tax and spending law<\/a>. The company said it plans to use the savings to fund its pension plan and speed up the pace of its fiber internet buildout.\n<\/p>\n

Shares were down 3% shortly after Wednesday’s report. They entered the day up 20% since the start of this year.\n<\/p>\n

AT&T’s revenue and phone subscriber additions topped estimates last quarter, while profits and internet customer growth fell short.\n<\/p>\n

Earlier this week, Verizon beat<\/a> estimates and narrowed its full-year outlook by raising the bottom end of its adjusted EPS growth projection. Another cell service rival, T-Mobile (TMUS<\/a>), is scheduled to report its own second-quarter results after the market closes Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"AT&T (T) beat second-quarter financial estimates on Wednesday morning, as it added more monthly phone customers but fewer…\n","protected":false},"author":2,"featured_media":16532,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[64,63,237,105],"class_list":{"0":"post-16531","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-internet","8":"tag-au","9":"tag-australia","10":"tag-internet","11":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/16531","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=16531"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/16531\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/16532"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=16531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=16531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=16531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}