Tuesday, July 23, 2013

AT&T Posts Solid Q2, LTE Builds Momentum

AT&T reported Q2 revenue of $32.1 billion, up 1.6 percent versus reported results for the year-earlier period, and up 2.6 percent adjusting for the sale of Advertising Solutions.  Second-quarter 2013 net income attributable to AT&T totaled $3.8 billion, or $0.71 per diluted share, compared to $3.9  billion, or $0.66 per diluted share, in the year-earlier quarter, up 7.6 percent. Adjusted for a gain of 4 cents on sales of América Móvil shares, earnings per diluted share was $0.67.

“This was a solid quarter for revenue and customer additions across our key growth platforms,” said Randall Stephenson, AT&T chairman and CEO. “Our 4G LTE network is the fastest and the most reliable in the nation, and deployment is ahead of schedule. That contributed to a step-up in postpaid subscriber gains, and strong mobile data revenue growth of nearly 20 percent. Growth in U-verse and strategic business services also continued to be strong — adding to our momentum.”

So highlights from the quarterly report:

Wireless
  • 551,000 wireless postpaid net adds, best second-quarter postpaid net adds in four years
  • 35 percent of postpaid smartphone base LTE capable
  • Smartphone data usage per device up 50 percent year over year
  • LTE network expected to cover nearly 270 million POPs in 400 markets by year-end
  • LTE network build expected to be substantially complete by summer 2014
  • Wireless revenues up 5.7 percent, service revenues up 4.1 percent versus the year-ago quarter
  • Wireless data revenues up 19.8 percent versus the year-earlier period
  • Wireless operating income margin of 27.1 percent; wireless EBITDA service margin of 42.4 percent reflecting record second-quarter smartphone sales of 6.8 million, including record Android sales
  • Added 1.2 million new smartphone subscribers; smartphones 88 percent of postpaid phone sales
  • Total postpaid ARPU up 1.8 percent; phone-only ARPU up 3.0 percent
Wireline
  • Wireline consumer revenue growth of 2.4 percent versus the year-earlier period
  • Total U-verse revenues, including business, up 30.1 percent year over year; U-verse more than half of wireline consumer revenues
  • 9.4 million total U-verse subscribers (TV and high speed Internet) in service; 641,000 high speed Internet subscribers added; 233,000 U-verse TV subscribers added, topping 5 million
  • Total wireline broadband data ARPU up 9 percent year over year
  • Continued strength in strategic business services revenues, up more than 15 percent year over year

http://www.att.com/gen/landing-pages?pid=5718

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