Despite drop in postpaid subscribers during Q2, AT&T's wireless business is improving
Still, the postpaid results indicated that the wireless business for AT&T is improving. The previous year, the nation's second largest carrier reported a postpaid subscriber drop of 276,000. On a sequential basis, the drop of 180,000 postpaid subscribers in the second quarter compared to a decline of 363,000 tallied in this year's first quarter. U.S. postpaid churn was .97%, the second lowest quarterly churn rate ever reported by AT&T.
Overall, the quarter shows that the company's prospects are improving. AT&T's wireless business reported EBITDA of $7.4 billion in the second quarter on revenue of $17.9 billion. That was up from the EBITDA of $7.3 billion reported during last year's second quarter. Revenue during the same period last year was $18.3 billion. Overall, AT&T had 77.6 million wireless subscribers from April through June. That was up from 77.3 million subscribers during the same quarter last year, and 77.4 million from this year's first quarter.