AT&T Reports Strong Second-Quarter Financial Performance

AT&T Inc. has released its second-quarter financial results, showcasing robust performance driven by significant growth in 5G and fiber subscribers. The company continues to leverage its extensive wireless and fiber networks to attract high-quality customers, resulting in improved revenues and earnings.

Financial Highlights

For the second quarter, AT&T reported revenues of $30.8 billion, a 3.5% increase from the previous year. The company's diluted earnings per share (EPS) rose to $0.62 from $0.49, while adjusted EPS was $0.54, up from $0.51. Operating income stood at $6.5 billion, with net income reaching $4.9 billion. Adjusted EBITDA was reported at $11.7 billion, reflecting a year-over-year increase.

Business and Operational Highlights

AT&T achieved 401,000 postpaid phone net additions with a postpaid phone churn rate of 0.87%. Mobility service revenues grew by 3.5% year-over-year to $16.9 billion. The company also added 243,000 AT&T Fiber and 203,000 AT&T Internet Air subscribers, contributing to a consumer fiber broadband revenue increase of 18.9% year-over-year.

Strategic Initiatives and Corporate Developments

AT&T has made significant strides in its strategic initiatives, including the acquisition of Lumen’s Mass Markets fiber business. The company also repurchased approximately $1.0 billion in common shares and closed the sale of its remaining 70% stake in DIRECTV to TPG. Additionally, AT&T plans to invest $3.5 billion of its tax savings into accelerating its fiber internet build-out, aiming to reach 50 million customer locations by 2030.

Management's Perspective

John Stankey, AT&T Chairman and CEO, emphasized the company's competitive edge in the marketplace, attributing its success to the nation's largest wireless and fiber networks. He highlighted the milestones achieved this quarter, including surpassing 30 million customer locations with fiber and reaching over 1 million AT&T Internet Air customers.

Future Outlook

Looking ahead, AT&T has updated its financial guidance for 2025-2027, reflecting expected cash tax savings and year-to-date performance. For 2025, the company anticipates consolidated service revenue growth in the low-single-digit range, mobility service revenue growth of 3% or better, and consumer fiber broadband revenue growth in the mid-to-high teens. Adjusted EPS is projected to be between $1.97 and $2.07, with free cash flow expected in the low-to-mid $16 billion range.

SEC Filing: AT&T INC. [ T ] - 8-K - Jul. 23, 2025