AT&T third quarter financials highlight wireless subscribers adds, record-low churn, but missed earnings targets
posted by Maxwell R. / Oct 22, 2014, 11:36 PM
America’s second largest carrier also posted record low churn of just 0.99%, which accompanied 5% higher wireless revenues, and a 24% increase in wireless data billing. AT&T’s Mobile Share wireless plan gained significantly, with 47 million connections, more than half are on data plans with 10GB or more. With those adds, post-paid average revenue per user (ARPU) increased marginally as a whole.
91% of all postpaid phone sales were smartphones, and half of those were additions or upgrades using AT&T Next with no device subsidy. Other data products were up as well, with AT&T adding more than 600,000 U-Verse internet customers.
Much of that business came at a cost however, as AT&T has marketed a number of aggressive incentives to entice customers to switch service or upgrade. Posted per-share earnings missed by a penny, $0.63 versus an expected $0.64 on $33.2 billion in revenue.
AT&T’s results are a mixed bag compared to Verizon’s recently posted results. AT&T added more lines and had much lower churn than Big Red, but Verizon was able to keep Wall Street a bit more satiated with its financials.
The company we are eagerly awaiting numbers from are for T-Mobile, whom we already know whose month of August eclipsed either AT&T's and Verizon's for the whole quarter. Those results will be posted on October 28th.
Posts: 381; Member since: Nov 07, 2013
i left AT&T few months back for Verizon i pay alot less for single line. i'm happy with Verizon service better than AT&T.
posted on Oct 22, 2014, 11:44 PM 1
Posts: 10; Member since: Jul 18, 2013
AT&T is not a consumer friendly company. One of the ways they make these earnings is by the 1 month in advance billing and I cancelled on the 1st day of my bill cycle, and ported my numbers to another carrier and they say I am responsible for the 1 day which was $100.00 and that is wrong. Hopefully people are happy with AT&T, I know I wasnt. The shared data is such a waste, since you are educated to be on WIFI and my home internet plan I was billed for $75.00 in overage due to having my phone connected all the time on WIFI, so this limited data is a benefit for the Telecommunication companies, not the consumer. Hopefully the FCC gets more involved and has a plan to review these practices. Even if I up'd my AT&T plan, I still would have experienced overage since I use my phone for majority of what I do. I would love to see AT&T have a record amount of churn in the near future.
posted on Oct 23, 2014, 10:26 AM 2
Posts: 2458; Member since: Nov 28, 2009
I'm more of a fan of AT&T than Verizon these days, but I still find T-Mobile fascinating. Too bad T works poorly outside of metros...maybe one day. I wish the ball-less pricks at the FCC would stand up and stop "tiered" data, but they won't because they're all in the back pockets of these carriers. I'd be willing to personally meet these guys in the middle and go with unlimited but throttled after a descent amount of GB used in a cycle. Tiers are bulls**t and nothing more than a hook scam to make more money by these behemoths.
posted on Oct 23, 2014, 6:52 PM 1
Posts: 3165; Member since: Jun 19, 2010
Im not aware of any post paid carrier that is NOT like that. I challenge you to find one for me.
posted on Oct 23, 2014, 8:55 PM 0
Posts: 3806; Member since: Apr 16, 2014
Overall, I am a satisfied AT&T customer. They offer an excellent network and I haven't had any issues. My grandfathered unlimited data plan continues to be a good value (for the US). The downside of AT&T is their insistence on locking down most/all of their phones and forcing so much damn bloatware on their customers. Sometimes it seems the only phone worth getting as an AT&T carrier model is the iPhone as Apple doesn't allow bloatware.
posted on Oct 23, 2014, 5:50 PM 0
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