AT&T Surpasses First-Quarter Financial Forecasts with Strong Subscriber Growth and Cash Flow
Despite missing total revenue targets, AT&T's significant gains in wireless subscribers and a tripling of free cash flow highlight its competitive edge in the telecom sector.
- AT&T added 349,000 net monthly bill-paying wireless phone subscribers in Q1, exceeding analyst expectations.
- The company's free cash flow soared to $3.1 billion, more than triple the figure from the same period last year.
- Shares of AT&T rose following the announcement, reflecting positive investor sentiment despite a slight revenue shortfall.
- AT&T's broadband revenue grew by 7.7%, driven by an expanding fiber network and increasing consumer subscriptions.
- The telecom giant continues to leverage its 5G rollout and competitive pricing to attract budget-conscious consumers.
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