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AT&T Adds 2.8 Million Wireless Net Customers For Q2 2017

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AT&T has just released its earnings report for the second quarter of 2017, and the major wireless carrier has managed to gain a total of 2.8 million wireless net customer additions. That total consists of 2.3 million net additions (postpaid and prepaid customers) and 476,000 net additions in Mexico. Along the way, AT&T was able to register a postpaid customer turnover rate of just 0.79 percent, which is a new record for the mobile operator. The company’s total churn for postpaid (counting tablet accounts) for Q2 2017 was 1.01 percent.

Earnings-wise, AT&T recorded consolidated revenues in the amount of $39.8 billion, and an operating income of $7.3 billion, with net income directly attributable to AT&T at $3.9 billion. The carrier also posted an improved operating income margin of 30.4 percent, and in the process, achieved its best ever EBITDA margins (earnings before interest, taxes, depreciation and amortization), as well as its highest ever wireless service margin (at 50.4 percent).

The results of its most recent quarterly earnings report also show how AT&T has exceeded projections set by various industry watchers. As reported by CNBC, the carrier’s earnings per share (EPS) of 79 cents surpassed the 73 cents predicted by Thomson Reuters. The mobile operator’s $39.8 billion consolidated revenues also edged the $39.79 billion estimated by Thomson Reuters. Lastly, the 2.8 million wireless net additions it recorded for Q2 2017 comfortably beat the 1.08 million set by StreetAccount.

Despite the fact that AT&T has lost 199,000 pay-TV customers during the second quarter of this year, the carrier did offset that loss by adding a significant number of DirecTV Now subscribers.

Right now, AT&T is still in the process of seeking regulatory approval with regards to its merger deal with Time Warner. But according to Randall Stephenson, the chairman and chief executive officer of the wireless carrier, he fully expects the deal to close later this year.


Source: CNBC

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8 comments:

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  1. AT&T lost 89000 postpaid phone customers in Q2.

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  2. Oh great, a megamerger between mobile and wired so that neither has to compete with one another.

    The question is, will most employees see a drastic increase in pay coinciding with the massive increase in profit?

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    1. "The question is, will most employees see a drastic increase in pay coinciding with the massive increase in profit?"

      HA!

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  3. Well i know one thing, tmobile lost one customer and att gained one...which is me. Tired of what tmobile calls a signal. at work by the windows is ok but anywhere else and forget it.

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    1. Yeah T-Mobile is getting better. But it is still only half as good as AT&T.

      Coverage is King, Emperor, and Grand Poobah. Because when you can't get a signal, then you start thinking about seeing if you can skip your phone across a lake like it was a stone.

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  4. Yes Tmobile signal not compare to ATT.

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  5. The other comments are quite true.
    Coverage outside of the Northeast and other big cities and towns across the country becomes spotty. Data when its available is on a par even with Big Red. If you know you are an avid traveler outside of Metro areas and more densely populated areas, T-Mobile is a crapshoot. AT&T while excellent coverage and data, for whatever reason do not for the most part have their 4G HD calling and Wifi calling features active. Even on phones that support it. T-Mobile and Verizon have it always active where available. Go figure.

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    1. This is exactly why I'm leaving AT&T soon for Verizon. In my area there are multiple AT&T towers and 4G LTE dominates I haven't seen a 3G or 4G signal in years. Only problem is call quality is horrid, calls only go over H/H+ and AT&T refuses to enable HD Voice or WiFi Calling for all phones compatible on the network. I'm sick of people complaining about my family's call quality and since they refuse to enable those enhanced call features for "all" compatible phones on the network it leaves me no choice but to move on and port out my family and I which is a bad move on AT&T's end and they really can't blame anybody but themselves. Greed and forcing their customers to buy AT&T only or Apple phones for enhanced features will get you nowhere.

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