AT&T’s first quarter financials: 625,000 new subscribers, strong growth across the board

AT&T’s first quarter financials: 625,000 new subscribers, strong growth across the board
AT&T had a wide array of good news for its first quarter financials, strong revenue as well as very strong wireless subscriber growth. The performance was good enough that the company raised its outlook for the rest of the year.

From a money perspective, revenues were up over 3% from the same quarter last year, $32 billion. Earnings per-share was up better than 10%. The outlook for the rest of the year has been revised upward to be 4% or greater.

Of that pot of money, wireless revenues were up 7% over a year ago. The carrier added 625,000 postpaid customers, and added more than 1 million wireless customers overall. More than half a million smartphones were part of those additions. AT&T says more than 60 million customers are using smartphones. The carrier also added 313,000 tablets to its fold.

Churn (customer loss) was just above 1% (1.07), which was down from the previous quarter, but up slightly from the year prior. AT&T’s smartphone financing offering, AT&T Next, saw 40% of all smartphone transactions, roughly 2.9 million (new adds and upgrades).

AT&T’s Mobile Share rate plans are proving to be popular, account growth tripled and nearly half of the now 11.3 million accounts are on data plans with 10GB or more.

On the wireline front, AT&T saw the best growth since 2006 which is remarkable given the push to make everything wireless. AT&T added 634,000 high speed internet customers, and 201,000 U-Verse TV subscribers.

source: AT&T

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12 Comments

1. Planterz

Posts: 2120; Member since: Apr 30, 2012

AT&T sucks.

2. ErenJaeger

Posts: 119; Member since: Apr 22, 2014

Just curious, why?

8. sgtdisturbed47

Posts: 960; Member since: Feb 02, 2012

No AT&T LTE service here, while Verizon has had LTE here since December 2011. Coverage matters, and in this particular area, Verizon is the strong leader. I get 30-50 Mbps on Verizon LTE when I'm at home.

4. networkdood

Posts: 6330; Member since: Mar 31, 2010

I have their uverse voice...TV...HSI 12.0 package...they are decent...when something goes wrong only takes three trips by three different people to fix it. You really just need Internet as you can almost any TV show or movie for free on the internet.

3. baldilocks

Posts: 1446; Member since: Dec 14, 2008

AT&T works best for me. Works in places that T-Mobile and Sprint will NEVER work. And I see all of those T-Mobile ads have had a REAL impact on AT&T sales... :rolls eyes:

5. networkdood

Posts: 6330; Member since: Mar 31, 2010

Actually, they have, but in the end, AT&T will be fine. Their Next program is far more profitable than their two yr contract deals...

7. Jommick

Posts: 221; Member since: Sep 10, 2013

Care to explain how? The 2 year contract draws in significantly more revenue than AT&T next, regardless of the phone.

9. networkdood

Posts: 6330; Member since: Mar 31, 2010

The company gets the entire cost of the phone back in return, from the customer, and still pulls in a monthly service plan, even since they have lowered their rates due to the T Mobile scare... With the two year contract price, they heavily subsidize the devices...

6. Jommick

Posts: 221; Member since: Sep 10, 2013

If they're increasing their outlook for the rest of the year, the bonus they pay their frontline should increase in a directly proportionate fashion. Won't happen, but a man can dream though

10. networkdood

Posts: 6330; Member since: Mar 31, 2010

There is no bonus for their frontline, based upon wireless sales - some do get a bonus, based upon how many Uverse subscribers they can sign up. Bonuses are received based upon customer service scores and number of TVs sold...

11. 0xFFFF

Posts: 3806; Member since: Apr 16, 2014

ATT has been offering a $100 bill credit and blowing out a lot of reconditioned phones at good prices. I'm sure this has helped customer growth. As much as I dislike ATT out of a general dislike for abusive monopolies, their network has been getting better of late. The big downside of ATT for me is that they still insist on locked bootloaders which makes their Android phones far less appealing.

12. Gemmol

Posts: 793; Member since: Nov 09, 2011

the T-mobile fans, Verizon fans and Sprint fans wont be in here, since the news is positive, I bet if the title was change and a few things were change that were negative they would be full force in here, but since they not, this news article probably wont go past 20 comments

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