AT&T (T) has announced its financial results for the first quarter, reporting a revenue of $30.6 billion, exceeding analysts' projections, which anticipated $30.36 billion. This increase demonstrates the company's resilience and strategic effectiveness in a highly competitive market.
The telecommunications giant also revealed a net addition of 324,000 postpaid phone customers, alongside a postpaid phone churn rate of 0.83%. These figures indicate strong customer retention and acquisition, suggesting that consumers are increasingly turning to AT&T for reliable connectivity solutions.
AT&T remains committed to its growth strategy, with a focus on expanding its AT&T Fiber and 5G wireless services. As outlined during their 2024 Analyst & Investor Day, the company continues to operate in line with its financial plans and aims to enhance capital returns as planned.
