AT T Mobility reports an outstanding first quarter
AT T Mobility reports an outstanding first quarter

Earlier this week Verizon reported A loss of 225,000 postpaid consumer phone subscribers in the first quarter of the year. While the country’s largest airline lost subscribers in this category, AT&T posted 595,000 net postpaid phone additions in the first three months of the year. As a result, AT&T closed its gap with Verizon on this key metric of 820,000 subscribers.
John Stanky, CEO of AT&T, said, “We continued to build our customer relationships in our mobility, fiber and HBO Max markets. We had another strong quarter with net postpaid phone additions, higher gross surcharges, lower churn and good growth in the Mobility EBITDA. “For AT&T, it was the strongest first quarter for adding postpaid wireless telephone networks in a decade.

In addition to the 595,000 net additions for postpaid phones, AT & T reported 823,000 net additions for postpaid phones and 207,000 net additions for prepaid phones. Yes, it was a good quarter for AT&T and postpaid phone churn was 0.76% (down 10 basis points from 0.86% last year). Mobility revenue reached $ 19 billion in the three months, representing an annual gain of 9.4%. Service revenue rose 0.6% to $ 14 billion and was led by higher-priced smartphones. Device sales increased 45.2% year over year to $ 5 billion.

For the first quarter, the wireless operator announced that operating income rose 3.7% annually to $ 6 billion. The operating profit margin was 31.5% after 33.3% in the first quarter of last year.

T-Mobile, which has been on the rise for a long time, is slated to release its first quarter results on May 5th. T-Mobile has led the industry in expanding the cellular network for postpaid phones for 28 consecutive quarters. Will the series continue? We’ll know in about two weeks.


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