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AT&T Q1 2013 results show revenues of $16.7 billion, income of $4.7 billion

AT&T enjoys a strong Q1 2013 with revenues of $16.7 billion
| Business, Financial & Legal News | Posted: Apr 24, 2013 7:33 am

US carrier AT&T have released their earnings for Q1 2013, which includes both their wireless and wireline businesses. Revenues were strong, with a total of $16.7 billion taken in for the three-month period, up 3.4% year-over-year.




$4.7 billion of operating income was recorded, a number that is up 4.1% year-over-year. AT&T took in an additional 296,000 postpaid net customers, with postpaid churn improved by 1.04%. 1.2 new million smartphone subscribers were added in the three-month period, with postpaid data ARPU up 18%.


Currently, AT&T cover 200 million POPs with their LTE network, which is running ahead of schedule. Before the end of the year, AT&T plan to reach 90% of their goal, which is to have 300 million POPs covered - a 50% increase. AT&T have also said that 60% of their customers have a 4G (which is HSPA+ or better) device, with over half of those being LTE-capable.


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