AT&T Q3 Earnings: Strong Postpaid Phone Adds, Adj. EBITDA Growth, $4.4B Impairment Charge And More

On Wednesday, AT&T Inc (NYSE:T) reported third-q uarter 2024 operating revenues of $30.21 billion, down 0.5% year over year. It marginally missed the analyst consensus estimate of $30.44 billion.

The slow recovery in smartphone purchases affected the topline performance, Bloomberg reports.

Adjusted EPS of $0.60 beat the estimate of $0.57. The stock gained after the print.

Also Read: Verizon Q3 Earnings: Wireless Subs Boost with 5G Offers, $1.7B Severance Charge Hit To Profit, Reiterates Annual Outlook

As per Bloomberg, AT&T’s 403,000 postpaid phone net adds a quashed consensus of 394.6 thousand.

In the Mobility segment, AT&T clocked 617 thousand wireless net adds, including 429 thousand postpaid phone net adds.

AT&T’s mobility segment saw a postpaid churn of 0.93% versus 0.95% a ...