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AT&T $T earnings top estimates amid strong subscriber additions https://t.co/HgSIgrDDnU https://t.co/mAM0ZG3mHR
AT&T shares rise 2.56% premarket on strong subscriber growth. $T

Verizon has exceeded wireless subscriber estimates in the third quarter of 2024, driven by its flexible 5G plans and streaming bundles. Despite missing revenue expectations and seeing a -2.8% drop in pre-market trading, Verizon maintained its full-year outlook. The company reported a 2.7% growth in wireless service revenue and achieved its highest quarterly EBITDA in history at $12.5 billion. Verizon also generated $6 billion in free cash flow for the quarter and added 239,000 postpaid subscribers. In contrast, AT&T also surpassed wireless subscriber estimates, boosted by premium unlimited plans. AT&T reported revenues of $30.21 billion and an adjusted EPS of $0.60. The company saw strong subscriber growth, adding 429,006 wireless postpaid net additions and 226,000 fiber net additions. AT&T shares rose 2.56% in pre-market trading.