AT&T Q2 revenue $29.9B (+0.9% YoY), EPS $0.61 (+8.9%), raises cost savings target

AT&T INC.

2023-Q2 EPS reported $1.19 revenue$60,056,000,000

Revenue $29.9B (+0.9% YoY); operating income $6.4B (+29.3%); diluted EPS $0.61 (+8.9%).
Mobility service revenue up 4.9% to $15.7B; postpaid phone net adds 326,000; churn 0.95%.
Fiber broadband net adds 251,000 (14th straight quarter >200k); consumer broadband revenue up 7.0%.
First-half free cash flow $4.2B, up $1.0B YoY; full-year FCF guidance reaffirmed at $16B+.
Commits to incremental $2B+ cost savings beyond $6B achieved, targeting $8B+ total.

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 0.95

AT&T INC. reported the second quarter of 2023 results: revenue $29.9 billion, net income $4,489, EPS $0.61.

Period: the second quarter of 2023
Revenue: $29.9 billion
Net income: $4,489
EPS: $0.61
Result: reported results

Exact text from the filing

profitable subscriber growth and year over year increases in Mobility service and broadband revenues. Consistent strategy driving strong second-quarter results • Revenues of $29.9 billion , up 0.9% year over year • Cash from operating activities of $9.9 billion , up 28.2% year over year and up $1.2 billion in first-half 2023 compared to first-half 2022 • Free cash

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Source: SEC EDGAR

accession 0000732717-23-000043

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