AT&T reported Q2 revenue of $32.1 billion, up 1.6 percent versus reported results for the year-earlier period, and up 2.6 percent adjusting for the sale of Advertising Solutions. Second-quarter 2013 net income attributable to AT&T totaled $3.8 billion, or $0.71 per diluted share, compared to $3.9 billion, or $0.66 per diluted share, in the year-earlier quarter, up 7.6 percent. Adjusted for a gain of 4 cents on sales of América Móvil shares, earnings per diluted share was $0.67.
“This was a solid quarter for revenue and customer additions across our key growth platforms,” said Randall Stephenson, AT&T chairman and CEO. “Our 4G LTE network is the fastest and the most reliable in the nation, and deployment is ahead of schedule. That contributed to a step-up in postpaid subscriber gains, and strong mobile data revenue growth of nearly 20 percent. Growth in U-verse and strategic business services also continued to be strong — adding to our momentum.”
So highlights from the quarterly report:
Wireless
- 551,000 wireless postpaid net adds, best second-quarter postpaid net adds in four years
- 35 percent of postpaid smartphone base LTE capable
- Smartphone data usage per device up 50 percent year over year
- LTE network expected to cover nearly 270 million POPs in 400 markets by year-end
- LTE network build expected to be substantially complete by summer 2014
- Wireless revenues up 5.7 percent, service revenues up 4.1 percent versus the year-ago quarter
- Wireless data revenues up 19.8 percent versus the year-earlier period
- Wireless operating income margin of 27.1 percent; wireless EBITDA service margin of 42.4 percent reflecting record second-quarter smartphone sales of 6.8 million, including record Android sales
- Added 1.2 million new smartphone subscribers; smartphones 88 percent of postpaid phone sales
- Total postpaid ARPU up 1.8 percent; phone-only ARPU up 3.0 percent
Wireline
- Wireline consumer revenue growth of 2.4 percent versus the year-earlier period
- Total U-verse revenues, including business, up 30.1 percent year over year; U-verse more than half of wireline consumer revenues
- 9.4 million total U-verse subscribers (TV and high speed Internet) in service; 641,000 high speed Internet subscribers added; 233,000 U-verse TV subscribers added, topping 5 million
- Total wireline broadband data ARPU up 9 percent year over year
- Continued strength in strategic business services revenues, up more than 15 percent year over year
http://www.att.com/gen/landing-pages?pid=5718
