Welcome to our dedicated page for AT&T news (Ticker: T), a resource for investors and traders seeking the latest updates and insights on AT&T stock.
AT&T Inc. (NYSE: T) is a leading American multinational telecommunications holding company headquartered in Whitacre Tower, Downtown Dallas, Texas. As the world’s third-largest telecommunications company by revenue and the third-largest provider of mobile telephone services in the U.S., AT&T has a significant impact on the global communications landscape.
The company’s wireless business generates about two-thirds of its revenue, with AT&T being the third-largest wireless carrier in the U.S., connecting approximately 72 million postpaid and 17 million prepaid phone customers. Fixed-line enterprise services, which include internet access, private networking, security, voice, and wholesale network capacity, account for about 16% of the company’s revenue.
In addition to its U.S. operations, AT&T has a considerable presence in Mexico, with 22 million customers, contributing 3% to its total revenue. The firm still holds a 70% equity stake in satellite television provider DirecTV but does not consolidate this business in its financial statements.
For 2024, AT&T continues to push forward with significant investments in 5G and fiber optic networks, contributing to steady subscriber growth in these areas. The company also reported a strong financial performance in the fourth quarter of 2023, with free cash flow reaching $16.8 billion, surpassing its full-year guidance.
AT&T’s strategic efforts to drive profitable growth include enhancing its 5G and fiber networks, focusing on customer satisfaction, and expanding its broadband infrastructure. The company’s transformation initiatives are aimed at supporting margin growth and ensuring sustainable business performance.
In recent news, AT&T reported strong first-quarter results for 2024, highlighted by consistent 5G and fiber customer additions and increased mobility service and broadband revenues. The company also addressed data security concerns related to a data set released on the dark web, ensuring proactive communication with affected customers and offering credit monitoring services where applicable.
Looking ahead, AT&T plans to continue scaling its connectivity services to meet the increasing demand for seamless broadband, thereby driving durable growth for its shareholders. The company’s commitment to innovation and enhancing customer experiences remains central to its business strategy as it navigates the evolving telecommunications industry.
For more information about AT&T Inc. (NYSE:T), please visit about.att.com. Investors can learn more at investors.att.com.
AT&T reported first-quarter revenues of $38.1 billion, down 13.3% year-over-year, primarily due to divestitures. Diluted EPS decreased to $0.65 from $1.02 a year ago. However, the company achieved strong customer growth, adding 691,000 postpaid phone net adds, marking its best first quarter for this metric in over a decade. Cash from operations totaled $5.7 billion with free cash flow at $0.7 billion, down from $4.2 billion last year. The net debt increased by $12.8 billion, resulting in a net debt-to-adjusted EBITDA of 3.42x.
Northrop Grumman and AT&T have announced a collaboration to develop a digital battle network utilizing AT&T's 5G technology alongside Northrop Grumman's military systems. This partnership aims to support the U.S. Department of Defense by integrating distributed sensors and data across various domains. The joint effort focuses on creating a cost-effective, open architecture solution that enhances connectivity and operational capabilities for the DoD's Joint All Domain Command and Control (JADC2) initiative.
Xandr has launched Inventory Library on its Invest DSP, enhancing deal discovery and activation for programmatic advertising. This platform enables buyers to access over 1200 premium video and CTV deals from numerous publishers, streamlining the fragmented buying process. Key stakeholders praise the intuitive design and improved visibility into deal inventory, which aids campaign planning, especially in the current political advertising season. Xandr stands out due to its direct publisher relationships and robust deal curation capabilities, positioning itself as a leader in the evolving ad market.
On March 30, 2022, AT&T announced it will construct a $33 million fiber network in Oldham County, providing high-speed internet access to over 20,000 locations. This initiative aims to connect every home and small business in the region with symmetrical speeds of up to 5 Gigs for downloads and uploads. AT&T's extensive experience in Kentucky includes serving over 300,000 customer locations. The project is part of AT&T's commitment to bridging the digital divide, with affordable internet options for low-income households, fostering economic growth and educational opportunities.
AT&T has launched The Achievery, a free digital learning platform aimed at K-12 students, designed in collaboration with WarnerMedia. This new initiative is part of AT&T's $2 billion commitment to address the digital divide. The platform features engaging content from popular WarnerMedia films and shows, aiming to make distance learning entertaining and effective. Students can access lessons that align with academic standards, developed by leading educational organizations. The platform also aims to provide affordable internet access and educational content to enhance learning experiences.
AT&T (NYSE:T) will announce its first-quarter 2022 financial results on April 21, 2022, before the NYSE opens. A conference call is scheduled for 8:30 a.m. ET to discuss the results. Investors can access the earnings release and related materials through AT&T Investor Relations. With more than 100 million U.S. consumer connections, AT&T continues to be a dominant player in telecommunications, media, and entertainment.
Scener and HBO Max have partnered for a virtual screening of the new Max Original series DMZ on March 17 at 6PM PDT. Fans can interact with creators and stars like Roberto Patino and Ava DuVernay through a live Q&A followed by streaming the first episode. Up to 1 million guests can join this interactive experience, utilizing Scener's social features for real-time communication. DMZ, based on a DC Vertigo comic, portrays a woman's quest in a dangerous Manhattan.
AT&T has appointed seven directors to the Warner Bros. Discovery Board as part of its spin-off of WarnerMedia, which will merge with Discovery, Inc. This board will have 13 members, with AT&T selecting seven and Discovery six, including the Chairman. CEO John Stankey emphasized the diverse expertise of the new directors across finance, technology, and media. Notable appointments include Samuel A. Di Piazza, Jr. as Chairman and Li Haslett Chen as CEO of Narrativ. The spin-off transaction is expected to close in early Q2 2022.
FAQ
What is the current stock price of AT&T (T)?
What is the market cap of AT&T (T)?
What is AT&T's primary business?
How significant is AT&T's wireless business?
What are AT&T's recent achievements?
Does AT&T operate outside the United States?
What is AT&T's approach to data security?
What is the outlook for AT&T in 2024?
How does AT&T support its financial growth?
What kind of services does AT&T offer to businesses?
What is AT&T's involvement with DirecTV?
Where can investors find more information about AT&T?
