Companies /Communication Services

AT&T Inc

NYSE: T Telecom Services
$25.43
▼ $0.44 (−1.70%) today
Markets closed · 3:29am ET

Q1 2025 Earnings

Reported Apr 23, 2025, 6:34am ET · SEC source
$0.51
Beat +4.08%
EPS · est. $0.49
$30.6B
Beat +0.87%
Revenue · est. $30.4B
−7.3%
Trailing market
T vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−4%−2%0+2%Apr 23Apr 24report 6:34am ETearnings+1.1%+0.1%
−4%−2%0+2%Apr 23Apr 24earnings+1.1%+0.1%
T +0.1%S&P 500 +1.1%
−4%−2%0+2%Apr 23Apr 24report 6:34am ETearnings+2.0%+0.1%
−4%−2%0+2%Apr 23Apr 24earnings+2.0%+0.1%
T +0.1%NASDAQ +2.0%
−8%−4%0+4%Apr 22May 1report 6:34am ETearnings+3.9%−2.2%
−8%−4%0+4%Apr 22May 1earnings+3.9%−2.2%
T −2.2%S&P 500 +3.9%
−10%−5%0+5%Apr 22May 1report 6:34am ETearnings+5.9%−2.2%
−10%−5%0+5%Apr 22May 1earnings+5.9%−2.2%
T −2.2%NASDAQ +5.9%
+0.85%
Day of report
+1.25%
Next session
+1.88%
One week
+0.85%
30 days

S&P 500 over the same 30 days: +8.16%.

Did T Beat Earnings? Q1 2025 Results

AT&T posted a mixed first quarter for 2025, beating on revenue while falling just short on the bottom line — a nuanced result that nonetheless left management confident enough to reaffirm its full-year outlook. The telecom giant reported revenue of $30.63 billion, up 2.0% year over year and ahead of the $30.36 billion consensus estimate, while earnings per share of $0.51 came in slightly below the $0.52 analysts had expected, a 1.79% miss. The real story behind the numbers was the continued momentum in AT&T's 5G and fiber businesses: Mobility service revenue grew 4.1% to $16.65 billion, and AT&T Fiber added 261,000 net subscribers — its 21st consecutive quarter clearing the 200,000 threshold — driving consumer fiber broadband revenue up 19.0%. With net leverage reaching its 2.5x target range, AT&T also announced plans to begin share repurchases in Q2, a signal of growing financial confidence. Investors <a href="https://247wallst.com/investing/2025/07/23/live-coverage-will-att-nyse-t-stock-beat-q2-earnings-projections/">watching future quarters closely</a> will note the company maintained adjusted EPS guidance of $1.97 to $2.07 for the full year.

Key Takeaways
  • Mobility service revenue growth of 4.1% driven by postpaid phone ARPU growth of 1.8% and subscriber gains
  • 324,000 postpaid phone net adds with low churn of 0.83%
  • Consumer fiber broadband revenue growth of 19.0%
  • 261,000 AT&T Fiber net adds — 21st consecutive quarter with 200,000+ net adds
  • 181,000 AT&T Internet Air net adds
  • Higher equipment revenue from increased wireless device sales volumes
  • Expense reductions from ongoing transformation initiatives and lower network costs including higher vendor settlements

“Our business fundamentals remain strong, and we are uniquely positioned to win in this dynamic and competitive market.”

AT&T CEO, on the earnings call

Forward Guidance & Outlook

AT&T reiterated all full-year 2025 guidance: consolidated service revenue growth in the low-single-digit range; Mobility service revenue growth at the higher end of 2%–3%; consumer fiber broadband revenue growth in the mid-teens; adjusted EBITDA growth of 3% or better; Mobility EBITDA growth at the higher end of 3%–4%; Business Wireline EBITDA decline in the mid-teens; Consumer Wireline EBITDA growth in the high-single to low-double-digit range; capital investment in the $22 billion range; free cash flow of $16 billion+; and adjusted EPS of $1.97 to $2.07. The company expects the sale of its 70% DIRECTV stake to TPG to close in mid-2025 and plans to commence share repurchases in Q2 2025.

T YoY Financials

Q1 2025 vs Q1 2024 · SEC filings Q1 2024 Q1 2025
$0$9.0B$18.0B$27.0B$30.0B$30.6BRevenue$6.0B$5.8BOperating Income$3.4B$4.7BNet Income
$0$9.0B$18.0B$27.0BRevenueOperating IncomeNet Income

T Revenue by Segment

Mobility Service Revenue$16.7B+4.1%
Mobility Equipment Revenue$4.9B+6.9%
Consumer Wireline - Broadband$3.0B+9.6%
Business Wireline - Legacy and Other Transitional Services$2.5B−17.4%
Business Wireline - Fiber and Advanced Connectivity Services$1.8B+4.5%
Latin America$971.0M−8.7%
Consumer Wireline - Legacy Voice and Data Services

T Revenue by Geography

United States
Latin America

Figures from SEC filings and company reports. Not investment advice.