AT&T INC. SEC 10-Q Report

AT&T Inc., a leading telecommunications company, has released its Form 10-Q report for the second quarter of 2025. The report highlights significant financial growth and operational achievements, driven by strategic initiatives and robust performance in key business segments.

Financial Highlights

• Total Operating Revenues: $30,847 million, increased by 3.5% in the second quarter of 2025 compared to the same period in 2024, driven by higher Mobility and Consumer Wireline revenues.
• Operating Income: $6,501 million, increased by 12.9% in the second quarter of 2025, reflecting improved operating efficiency and higher revenue.
• Net Income: $4,861 million, increased by 23.1% in the second quarter of 2025, benefiting from higher operating income and lower interest expenses.
• Net Income Attributable to AT&T: $4,500 million, increased by 25.1% in the second quarter of 2025, reflecting strong performance in core business segments.
• Net Income Attributable to Common Stock: $4,464 million, increased by 25.9% in the second quarter of 2025, supported by revenue growth and cost management.
• Basic Earnings Per Share Attributable to Common Stock: $0.62, up from $0.49 in the second quarter of 2024, reflecting higher net income.
• Diluted Earnings Per Share Attributable to Common Stock: $0.62, consistent with basic EPS, indicating minimal dilution impact.
• Total Operating Expenses: $24,346 million, increased by 1.3% in the second quarter of 2025, primarily due to higher Mobility equipment costs and network-related expenses.

Business Highlights

• Revenue Segments: The Communications segment saw a 3.9% increase in operating revenues for the second quarter of 2025, driven by growth in Mobility and Consumer Wireline, despite a decline in Business Wireline. Mobility revenues increased by 6.7%, while Consumer Wireline grew by 5.8%. Business Wireline experienced a 9.3% decline due to reduced demand for legacy services.
• Geographical Performance: The Latin America segment, which provides wireless services and equipment in Mexico, reported a slight increase in operating income for the second quarter of 2025, despite facing unfavorable foreign exchange impacts.
• Sales Units: The Mobility segment reported a 2.2% increase in postpaid subscribers, reaching 89,928, and a 16.4% increase in reseller subscribers. However, prepaid subscribers decreased by 2.6%.
• New Product Launches: The Mobility segment launched a new advertising campaign in the first quarter of 2025, contributing to increased operations and support expenses.
• Future Outlook: The company expects continued revenue growth in the Mobility and Consumer Wireline segments, driven by strategic initiatives such as fiber and network upgrades. Business Wireline is anticipated to face ongoing challenges due to declining demand for legacy services, but transformation activities are expected to improve operations and support expenses through the remainder of 2025.

SEC Filing: AT&T INC. [ T ] - 10-Q - Jul. 24, 2025