Key facts
- AT&T now expects annual adjusted profit per share of about $2.40.
- Third-quarter revenue rose 5.3% to $32.3 billion.
- Adjusted profit per share for the quarter was 65 cents.
- The company added 379,000 net monthly bill-paying wireless subscribers in the third quarter.
- AT&T acquired Lumen's fiber business in May 2025 for $5.75 billion.
AT&T Inc. raised its annual adjusted profit forecast on Wednesday, citing strong demand for its bundled service offerings that help retain customers amid increasing competition in the US telecom market. The company reported third-quarter revenue of $32.3 billion, a 5.3% increase from the previous year, surpassing analysts' expectations of $31.69 billion. Adjusted profit per share for the quarter came in at 65 cents, above the estimated 60 cents. AT&T added 379,000 net monthly bill-paying wireless subscribers, in line with estimates, and secured record broadband additions with 442,000 new fiber internet users and 327,000 new fixed wireless subscribers. The company's strategy includes doubling down on fiber expansion, evidenced by a multi-year deal worth over $3 billion with Corning and the acquisition of Lumen's fiber business for $5.75 billion in May 2025.