AT&T unveils strategic plan: fiber to 50M+ locations, $10B buyback, $40B+ returns

AT&T INC.

Targets 50M+ fiber locations; long-term guidance for sustained growth in service revenue, EBITDA, FCF, and adjusted EPS.
Expects $40B+ shareholder returns over three years via dividends and share repurchases; initial $10B buyback authorization expected by end of 2026.
Beginning Q1 2025, will recast adjusted diluted EPS and FCF to exclude DIRECTV results and cash flows, reflecting planned sale to TPG.
Supplemental non-GAAP reconciliations show recast quarterly FCF and adjusted EPS figures from 2023 through Q3 2024.

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