AT&T tops earnings expectation as wireless churn matches record low

AT&T Inc. topped expectations with its latest financial results as the telecommunications giant continued to see low customer churn in its wireless business as well as subscriber growth for the HBO Max service.The company reported second-quarter net income of $1.5 billion, or 21 cents a share, compared with $1.2 billion, or 17 cents a share, a year earlier. After adjusting for non-cash impairments, merger-amortization costs, and other expenses, AT&T T, -0.

“For the fourth consecutive quarter, we saw good subscriber growth across wireless, fiber and HBO Max,” Chief Executive John Stankey said in a release. The company’s WarnerMedia business generated $8.8 billion in revenue, up 30.7% from a year earlier, as AT&T saw a “partial recovery” from some pandemic-driven impacts. The base of domestic HBO Max and HBO subscribers reached 47.0 million at the end of the quarter, compared with 44.2 million as of the end of the first quarter.

wow

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Verizon tops earnings expectations, points to traction in 5GVerizon topped second-quarter earnings and revenue expectations as more consumers moved to get unlimited plans. The company generated net income of $5.95 billion, or $1.40 a share, compared with $4.84 billion, or $1.13 a share, a year earlier.
Source: MarketWatch - 🏆 3. / 97 Read more »