AT&T 3Q24 Quick Take: Strong results
A strong set of results marked by in-line adds, better than expected ARPU, and lower than expected costs (low upgrades), all driving a beat on EBITDA and FCF. In addition to a comparison of results vs estimates and consensus, and the trending charts, in this note, we cover:1. Contrasting mobile trends at AT&T and Verizon (AT&T is just doing better)
2. Contrasting fiber trends at AT&T and Verizon (AT&T is just doing better)
3. Contrasting FWA trends at AT&T and Verizon
4. What it all means for the stocks
5. The iPhone upgrade cycle
6. Insights for broadband and cable
7. The upcoming analyst day
AT&T is a holding company. Through its subsidiaries, the company is a provider of telecommunications, media and technology services. The company's Communications segment provides wireless and wireline telecom, video and broadband services. The company's WarnerMedia segment includes media and entertainment businesses that principally develop, produce and distribute feature films, television content, and other content globally; and operate digital media properties. The company's Latin America segment provides entertainment services in Latin America and wireless services in Mexico. The company's XANDR segment relies on using data from its customer relationships, to develop digital and video advertising that is relevant to consumers.
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- Pan European Telecom Services and Cable
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