AT&T Net Income Up 3.2%, Revenue Dips - Twice

AT&T Net Income Up 3.2%, Revenue Dips

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A&T

New York — AT&T reported it added 1.2 million new smartphone subscribers, and the company’s net income rose 3.2 percent to $3.7 billion during its first quarter.

The company posted operating revenues of $31.4 billion for the three months, ended March 31, compared with the same period last year.

The 1.2 million new smartphone subscribers equated to 290,000 wireless postpaid net adds for the company, which resulted in a postpaid churn improvement to 1.04 percent, the company reported.

AT&T also reported:

  • It added 2 million new high-speed IP wireless and wired broadband connections during the quarter.
  • Wireless data revenue was up 21 percent.
  • Total wireless revenues and wireless service revenues were both up 3.4 percent.

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