AT&T shares take flight as Q3 earnings are released

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AT&T reported 708,000 net adds in postpaid phone subscribers during the third quarter as the carrier says customers are returning to pre-pandemic behavior.

with 7.1 million wireless net adds. That includes 964,000 postpaid net adds, and 708,000 postpaid phone net adds. That figure is down 23.7% from the 2021 third quarter figures which closed with AT&T adding 928,000 net new postpaid phone subscribers.

Thanks to"pricing actions, higher international roaming and a mix shift to higher-priced unlimited plans," the Average Revenue Per User was up 2.4% on an annual basis to $55.67. And for the 30th consecutive quarter,added more than 1 million"connected cars." The carrier, at the end of the third quarter, had 69 million postpaid phone subscribers. This was up 3.9% compared to the 66.4 million postpaid subscribers AT&T had at the end of last year's third quarter.

The executive added,"Our disciplined go-to-market approach is helping drive healthy subscriber growth with high-quality customers. As a result, we now expect to achieve wireless service revenue growth in the upper end of the 4.5 percent to 5 percent range. We remain confident in our ability to achieve, or surpass, all our financial commitments for the year, while still investing to bring our customers the industry’s best services.

 

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