AT&T gained over 300,000 net new postpaid phone subscribers in Q1 2018

The nation's second largest wireless carrier, AT&T, reported today that it lost 22,000 postpaid phone subscribers during the first quarter of 2018 compared to the fourth quarter of 2017. But on a year-over-year basis, the company reported a gain of over 300,000 postpaid phone subscribers from January to March of 2018. For a wireless carrier, this is the most important metric it cares about. Total postpaid additions hit 49,000.

AT&T also reported 192,000 pre-paid phone net additions for Q1, and close to 500,000 smartphones were added to AT&T's base. The churn of .84% in postpaid was the lowest ever for the January through March time frame. For the first quarter of 2018, AT&T Mobility had revenue of $17.6 billion using the historical accounting method. EBITDA margins came in at 38.7%.

For the year, AT&T still expects to add 3.2 million net new wireless subscribers, with 2.6 million coming from connected devices and the pre-paid business. The company sees 543,000 net new wireless subscribers in Mexico during all of 2018.

Although wireless seemed to do well, investors were not pleased with the results announced for the rest of the company. After hours, AT&T's shares declined $1.59, or 4.5%, to $33.61. The stock had closed at $35.20 in regular trading.

source: AT&T