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AT&T reports Q1 2016 earnings: $40.5 billion in revenue, adds 2.3 million wireless customers

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AT&T reports Q1 2016 earnings: $40.5 billion in revenue, adds 2.3 million wireless customers

AT&T has reported its profits for the fourth fiscal quarter of 2016, noting but some other giant bump in consolidated revenues because of its fresh DirecTV acquisition, at the side of decent wireless subscriber expansion.

In all, AT&T says that it introduced in consolidated revenues of $40.5 billion, in Q1, which is up 24% in comparison to the similar duration a yr in the past.

At the wireless department in particular, AT&T says that it added 2.3 million customers in North The united states, with 1.8 million added from the U.S. and 529,000 from Mexico. It additionally said that it had 712,000 branded (postpaid and pay as you go) telephone web adds for the quarter as smartly. Postpaid churn for the quarter used to be 1.10% with a complete churn of 1.42%. Listed here are the highlights:

  • Consolidated revenues up 24%, in large part reflecting DIRECTV acquisition
  • Adjusted EPS up 10.8%, fourth immediately quarter of double-digit expansion (above consensus)
  • Leisure Staff has robust satellite tv for pc, IP broadband expansion and stepped forward margins
  • 328okay satellite tv for pc video adds
  • Greater than 3M wireless subs on limitless wireless bundled with video
  • 186okay IP broadband web adds
  • 2.3 million North American wireless web adds pushed through hooked up units, Mexico and Cricket
  • U.S. web adds of 1.8M; 529okay web adds in Mexico
  • 712okay North American branded telephone web adds
  • Postpaid churn of 1.10%
  • Solid home overall churn of 1.42%;Cricket riding overall pay as you go churn decrease
  • Robust expansion in AT&T Mexico with 4G LTE overlaying 51M POPs, heading in the right direction to succeed in 75M through EOY

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