AT&T reported fourth-quarter 2024 results that surpassed Wall Street's estimates, with adjusted earnings per share of $0.54, beating the consensus of $0.50. Consolidated revenue edged up to $32.30 billion, meeting analyst expectations. The strong performance was fueled by robust demand for its discounted premium plans combining 5G mobile with high-speed fiber data services.
The company added 482,000 postpaid phone connections during the quarter, demonstrating continued momentum in its wireless segment. AT&T also saw significant growth in its fiber business, adding 307,000 Fiber customers. CEO John Stankey stated that the company is well-positioned for a new era of growth, building on strategic work from prior years.
This strong subscriber growth in both wireless and fiber segments highlights the success of AT&T's converged connectivity strategy and its ability to attract high-value customers.
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