Solid wireless, fiber and HBO Max subscriber gains with continuing strong cash flows
First-Quarter Consolidated Results
- Consolidated revenues of $43.9 billion, up 2.7%
- Diluted EPS of $1.04 compared to $0.63 in the year-ago quarter
- Adjusted EPS of $0.86 compared to $0.84 in the year-ago quarter, up 2.4%
- Cash from operations of $9.9 billion, up 12.0%
- Capital expenditures of $4.0 billion; gross capital investment1 of $5.7 billion
- Free cash flow2 of $5.9 billion, up 51%; total dividend payout ratio of 63.5%
AT&T Inc. (NYSE:T) reported first-quarter results that showed continuing customer growth in wireless, fiber and HBO Max and strong cash flows.
"We continued to excel in growing customer relationships in our market focus areas of mobility, fiber and HBO Max," said John Stankey, AT&T CEO. "We had another strong quarter of postpaid phone net adds, higher gross adds, lower churn and good growth in Mobility EBITDA. We also continue to increase penetration in markets where we offer fiber broadband and we’re moving quickly to deploy more fiber. HBO Max continued to deliver strong subscriber and revenue growth in advance of our international and AVOD launches planned for June."
Source: https://finance.yahoo.com/news/t-reports-first-quarter-results-103400909.html
Submitted April 22, 2021 at 07:05AM by Munger87 https://ift.tt/3vaHecm
