AT&T's Third-Quarter Results Show Continuing Customer Growth in Wireless, Fiber and HBO Max

AT&T reported third-quarter results that showed continuing customer growth in wireless, fiber and HBO Max. “We continue to execute well in growing customer relationships, and we’re on track to meet our guidance for the year,” said John Stankey, AT&T CEO. “We had our best postpaid phone net add quarter in more than 10 years, our fiber broadband net adds increased sequentially, and HBO Max global subscribers neared 70 million. We also have clear line of sight on reaching the halfway mark by the end of the year of our $6 billion cost-savings goal.” The company had 289,000 AT&T Fiber net adds with 37 percent penetration. Revenues were $3.1 billion, up 3.4 percent year over year due to gains in broadband more than offsetting declines in legacy voice and data services and other services. Broadband revenues increased 7.6 percent, which reflects fiber subscriber growth and higher ARPU resulting from increases in fiber customers and pricing. Total broadband and DSL subscriber net adds were 6,000, reflecting growth in fiber subscribers offsetting losses in slower-speed services. AT&T Fiber net adds were 289,000. AT&T Fiber is marketed to more than 15 million customer locations.