AT&T Q1 revenue $30.1B, diluted EPS $0.57 vs $0.65; adds 424k postpaid phone subs

AT&T INC.

2023-Q1 EPS reported $0.57 revenue$30,139,000,000

Revenue $30.1B (+1.4% YoY); net income $4.23B (-12.1%); diluted EPS $0.57 vs $0.65.
Adjusted EPS $0.60 vs $0.63; free cash flow $1.0B vs $2.8B.
Domestic wireless service revenue +5.2%; consumer broadband revenue +7.3%, fiber revenue +30.7%.
Postpaid phone net adds 424k (11th straight quarter >400k); fiber net adds 272k (13th straight >200k).
On track for $6B+ run-rate cost savings by end of 2023; capex $4.3B.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.97

AT&T INC. reported first quarter of 2023 results: revenue $30.1 billion, net income $4,453 million, EPS $0.57.

Period: first quarter of 2023
Revenue: $30.1 billion
Net income: $4,453 million
EPS: $0.57
Result: reported results

Exact text from the filing

progress supporting margin growth ◦ On track to achieve $6 billion-plus run-rate cost savings target before the end of the year First-Quarter Consolidated Results • Revenues of $30.1 billion • Diluted EPS from continuing operations 1 of $0.57 compared to $0.65 in the prior year • Adjusted EPS * from continuing operations of $0.60 compared to $0.63 in the prior year •

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Source: SEC EDGAR

accession 0000732717-23-000019

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