Menu
Mobile, TV customers drive AT&T revenue growth

Mobile, TV customers drive AT&T revenue growth

AT&T posts its second highest quarter for U-verse TV subscriber growth

AT&T posted gains in revenue and net income for the third quarter of 2013, with gains in mobile phone and U-verse TV subscribers driving the growth.

AT&T on Wednesday reported revenue of US$32.2 billion for the third quarter, a 2.2 percent increase from the third quarter of 2012. Net income was $3.8 billion, up 4.9 percent. Earnings per share was $0.66, beating analyst expectations by one cent.

"There is a lot we really like about the quarter," said John Stephens, AT&T's CFO. AT&T's efforts to expand its 4G mobile services and shift its voice network to IP, announced in November 2012, are paying off, he said during a conference call.

Even after large additions of U-verse TV and broadband customers, there's more room for growth as AT&T expands its broadband network and increases speeds in many areas, he said.

The company added 989,000 mobile phone customers during the quarter, including 178,000 smartphone and 388,000 tablet customers. Mobile revenue was $17.5 billion, up 5.1 percent from a year earlier, and mobile data revenue was up 17.5 percent to $5.5 billion, the company said.

Data revenue growth has "a lot of runway" as customers continue to use more mobile data, Stephens said.

In AT&T's wireline division, revenue was $14.7 billion, down 1 percent from a year earlier. But the company's U-verse broadband and video revenue grew 28.1 percent from a year ago. U-verse TV had its second highest growth quarter ever, by adding 265,000 subscribers to reach 5.3 million, the company said. U-verse broadband added 655,000 customers to reach 9.7 million, the company said.

Overall, AT&T had a net loss of 26,000 wireline broadband customers during the quarter, with DSL losses offsetting U-verse gains.

AT&T's revenue from business customers were $8.8 billion, down 2.6 percent.

Grant Gross covers technology and telecom policy in the U.S. government for The IDG News Service. Follow Grant on Twitter at GrantGross. Grant's email address is grant_gross@idg.com.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags business issuestelecommunicationfinancial resultsat&tJohn Stephens

Featured

Slideshows

The making of an MSSP: a blueprint for growth in NZ

The making of an MSSP: a blueprint for growth in NZ

Partners are actively building out security practices and services to match, yet remain challenged by a lack of guidance in the market. This exclusive Reseller News Roundtable - in association with Sophos - assessed the making of an MSSP, outlining the blueprint for growth and how partners can differentiate in New Zealand.

The making of an MSSP: a blueprint for growth in NZ
Reseller News Platinum Club celebrates leading partners in 2018

Reseller News Platinum Club celebrates leading partners in 2018

The leading players of the New Zealand channel came together to celebrate a year of achievement at the inaugural Reseller News Platinum Club lunch in Auckland. Following the Reseller News Innovation Awards, Platinum Club provides a platform to showcase the top performing partners and start-ups of the past 12 months, with more than ​​50 organisations in the spotlight.​​​

Reseller News Platinum Club celebrates leading partners in 2018
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP has honoured its leading partners in New Zealand during 2018, following 12 months of growth through the local channel. Unveiled during the fourth running of the ceremony in Auckland, the awards recognise and celebrate excellence, growth, consistency and engagement of standout Kiwi partners.

Meet the top performing HP partners in NZ
Show Comments