AT&T reported third-quarter 2024 consolidated operating revenues of $30.21 billion, a 0.5% decrease year-over-year, which marginally missed analyst estimates. However, adjusted earnings per share reached $0.60, surpassing the consensus estimate of $0.57. The company reiterated its full-year 2024 consolidated financial guidance, signaling confidence in its strategic direction.
The Mobility segment continued its strong performance, with service revenue growing 4.0% year-over-year and adding 403,000 postpaid phone net subscribers. Postpaid phone churn remained low at 0.78%. Consumer Wireline also showed momentum, achieving its fifth consecutive quarter of positive broadband net adds, driven by 226,000 AT&T Fiber net additions and 135,000 AT&T Internet Air net additions.
Despite these gains, the Business Wireline segment experienced a revenue decline of 11.8% year-over-year and a 20.0% decrease in EBITDA, primarily due to ongoing pressures on legacy services. Mobility EBITDA reached a record $9.5 billion for the third quarter, contributing to the company's overall financial stability. AT&T's focus on high-quality, converged 5G and fiber customers continues to drive its performance.
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