AT&T reveals 5G customer base, revenue, Opex and Capex in Q3

AT&T has revealed its 5G customer base, revenue, operating expense and capital expenditure during the third quarter of 2022.
AT&T said third-quarter results showed strong, sustained momentum in customer additions across its growing 5G wireless and fiber networks.

AT&T has added 708,000 new monthly bill-paying wireless phone subscribers in the third quarter and 338,000 fiber internet customers.

The US-based wireless carrier is betting on the demand for broadband, international roaming, and monthly bill-paying subscribers to help pay off the nearly $134 billion debt on its balance sheet.
“We’re investing at record levels to enhance our 5G and fiber connectivity and to deliver the best experience available in the market,” said John Stankey, AT&T CEO. “Our results show our strategy is resonating with customers as we see robust levels of postpaid phone adds and approach 1 million AT&T Fiber net adds for the year.”

AT&T said revenues from continuing operations for the third quarter totaled $30 billion versus $31.3 billion in the year-ago quarter, down 4.1 percent reflecting the impact of the U.S. Video separation in July 2021.

AT&T said operating expenses from continuing operations were $24 billion versus $25.1 billion in the year-ago quarter. The prior-year quarter included one month of U.S. Video results as well as 3G network shutdown costs.

AT&T said capital expenditures from continuing operations were $5.9 billion in the quarter, up $1.5 billion year over year.

AT&T’s mid-band 5G spectrum covers 100 million people. AT&T has updated end-of-year target to more than 130 million people on AT&T’s mid-band 5G spectrum.

AT&T has revealed its 5G customer base. AT&T’s 5G wireless has added 2.2 million postpaid phone connections YTD through Q3. AT&T has achieved postpaid phone ARPU of $55.67, up $0.86 sequentially and 2.4 percent year-over-year.

AT&T sais broadband revenues grew 6.1 percent due to AT&T Fiber growth and higher ARPU. AT&T’s Q3 Fiber ARPU was $62.62, up $0.97 sequentially. AT&T added 338,000 AT&T Fiber connections and it has the ability to serve 18.5 million customer locations.