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AT&T posts $32 billion in revenue and $3.8 billion in net income

AT&T releases Q2 2013 earnings report

| Business, Financial & Legal News | Posted: Jul 23, 2013 11:03 pm

Following both Apple and EA games, AT&T posted their Q2 2013 financial report today with stronger numbers over the same quarter a year ago. During the second quarter, AT&T saw $32.1 billion in total revenue, which is looking pretty good when compared to the same quarter in 2012 in which the company posted $26 billion. Net income for the second quarter totaled $3.8 billion, which amounted to about $0.71 per diluted share.

 

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"This was a solid quarter for revenue and customer additions across our key growth platforms," said Randall Stephenson, AT&T chairman and CEO. "Our 4G LTE network is the fastest and the most reliable in the nation, and deployment is ahead of schedule. That contributed to a step-up in postpaid subscriber gains, and strong mobile data revenue growth of nearly 20 percent. Growth in U-verse and strategic business services also continued to be strong - adding to our momentum."

 

 

The company posted several highlights in the report:

 

  • The company added 551,000 postpaid subscribers and 632,000 total subscribers for the quarter. That included nearly 400,000 wireless-enabled tablets.
  • Total wireless revenue, including device sales, totaled $17.3 billion, up 5.7 percent. Service revenue accounted for $15.4 billion of that, with data service totaling $5.4 billion, up nearly 20 percent from a year earlier.
  • More than a third of customers are on LTE, with roughly two-thirds on one of the two "4G" networks (either LTE or HSPA+).
  • The company now has more than 13 million people on one of its Mobile Share pooled data accounts, with more than 15 percent of those customers migrating from an unlimited plan. More than 25 percent of Mobile Share accounts are using greater than 10 gigabytes of data.
  • More than 70 percent of smartphone customers are on some sort of tiered data, rather than unlimited data, plan.
  • In its TV business, AT&T added 233,000 subscribers to bring its total base to more than 5 million for the first time.

NEWS SOURCES:Att.com

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