AT&T’s Q4 2024 revenues totaled $32.3 billion, up 0.9 percent year-over-year, driven by growth in Mobility service and equipment revenues, Consumer Wireline revenues, and partially offset by declines in Business Wireline and Mexico.
The company reported 482,000 postpaid phone net adds in Q4 2024, maintaining an industry-leading postpaid phone churn of 0.85 percent.
AT&T Fiber saw 307,000 new connections in Q4 2024, achieving at least 200,000 new connections for 20 consecutive quarters.
Q4 consumer broadband revenues grew 7.8 percent to $2.9 billion, contributing to annual consumer broadband revenues of $11.2 billion, up 7.2 percent.
Operating expenses for Q4 2024 increased to $27.0 billion from $26.8 billion in the prior year, driven by higher depreciation tied to Open RAN network modernization and fiber investments.
Q4 operating income remained steady at $5.3 billion, with net income rising to $4.4 billion, up from $2.6 billion in the same period last year.
AT&T’s full-year 2024 revenues were $122.3 billion, down 0.1 percent from 2023, as lower Business Wireline and Mobility equipment revenues offset gains in Mobility service and Consumer Wireline.
Annual operating expenses increased to $103.3 billion from $99.0 billion in 2023, primarily due to a $4.4 billion non-cash goodwill impairment and higher network-related depreciation.
Full-year operating income declined to $19.0 billion from $23.5 billion in 2023, with net income also dropping to $12.3 billion from $15.6 billion.
Capital expenditures for 2024 were $20.3 billion, up from $17.9 billion in 2023. AT&T said its while total debt stood at $123.5 billion, with net debt at $120.1 billion by year-end.
TelecomLead.com News Desk