Key facts
- AT&T added 432,000 net monthly bill-paying wireless subscribers in the second quarter.
- The company's bundled mobile and broadband offerings attracted customers.
- AT&T reported record broadband additions, with 367,000 new fiber internet users.
- Second-quarter revenue was $31.6 billion.
- Adjusted earnings per share were 65 cents, beating analyst estimates.
AT&T exceeded expectations for wireless subscriber additions in the second quarter, benefiting from its strategy of bundling services and offering revamped low-cost plans. The company added 432,000 net monthly bill-paying wireless subscribers, surpassing the estimated 338,500. This growth was fueled by bundled mobile and broadband offerings, including the OneConnect subscription and customizable Build-A-Plan options.
In addition to wireless gains, AT&T achieved record broadband additions, securing 367,000 new fiber internet users and 279,000 fixed wireless subscribers. Approximately 42.5% of homes using AT&T's advanced internet services also subscribe to its wireless offerings.
For the second quarter, AT&T reported total revenue of $31.6 billion, slightly below the estimated $31.80 billion. However, adjusted earnings per share came in at 65 cents, exceeding the average analyst estimate of 59 cents.