AT&T said revenues for Q3 totaled $30.2 billion, down 0.5% from $30.4 billion a year earlier. Diluted EPS was $(0.03), adjusted EPS was $0.60, and net income was $0.1 billion.

1. 01

   AT&T said revenues for Q3 totaled $30.2 billion, down 0.5% from $30.4 billion a year earlier. Diluted EPS was $(0.03), adjusted EPS was $0.60, and net income was $0.1 billion.

2. 02

   The company said operating expenses for Q3 were $28.1 billion, up from $24.6 billion a year earlier. It cited a non-cash goodwill impairment of $4.4 billion tied to Business Wireline as the main factor. Operating income was $2.1 billion, and adjusted operating income was $6.5 billion.

3. 03

   Mobility service revenue for Q3 rose 4.0% year over year to $16.5 billion, the company said. Postpaid phone net adds were 403,000, and postpaid phone-only churn was 0.78%.

4. 04

   The company said cash from operating activities was $10.2 billion and free cash flow was $5.1 billion for Q3, and total debt at the end of the quarter was $129.0 billion. It also reiterated its consolidated guidance for 2024, including full-year free cash flow of $17 to $18 billion.

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Original filing

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