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.