AT&T Tops Q1 Earnings Estimates, Sees Growth in 5G and Fiber Subscribers

AT&T surpassed earnings expectations for Q1 2024, with an adjusted EPS of $0.55 against estimates of $0.53 and reported revenue of $30.03 billion, slightly below the expected $30.53 billion. The company also saw a significant increase in wireless postpaid net additions, totaling 389,000, though slightly below the forecast of 415,919. Furthermore, AT&T reported a notable subscriber growth in its 5G Home service, adding 110,000 subscribers, contributing to a 15% YoY growth in Consumer Wireline segment EBITDA. The company anticipates a free cash flow of $17 billion to $18 billion for the year and maintains its adjusted EPS forecast at $2.15 to $2.25.