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Mr. Market Became Bullish on AT&T

AT&T has recently reported its fourth-quarter and full-year 2024 earnings, showcasing significant progress in its core wireless and fiber-optic services. The company added 482,000 postpaid phone subscribers in Q4, surpassing analyst expectations of 443,000, and achieved a postpaid phone churn rate of 0.85%, indicating strong customer retention. Additionally, AT&T reported 307,000 new fiber subscribers, contributing to a 7.8% year-over-year increase in consumer broadband revenues, which reached $2.9 billion.

Financially, AT&T's Q4 revenues totaled $32.3 billion, slightly above the previous year's $32.0 billion. The company reported a net income of $4.4 billion, or $0.56 per diluted share, with an adjusted EPS of $0.54. Free cash flow for the quarter was $4.8 billion, aligning with market expectations.

Looking ahead, AT&T maintains its 2025 outlook, anticipating consolidated service revenue growth in the low-single-digit range and adjusted EBITDA growth of 3% or better. The company also plans to initiate share repurchases in the second half of the year, reflecting confidence in its strategic direction.

These results underscore AT&T's successful focus on its core telecommunications services, particularly in expanding its 5G and fiber networks. The company's commitment to divesting non-core assets, such as the planned sale of its 70% stake in DirecTV to TPG, further aligns with its strategy to streamline operations and enhance shareholder value.

As an investor, it's encouraging to see AT&T's dedication to strengthening its position in the wireless and fiber markets, which bodes well for the company's future growth and profitability.

AT&T Newsroom

Disclaimer: This post is not financial advice. It reflects my personal opinions and observations. Please consult a financial professional before making investment decisions.

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