AT&T Adds 405,000 Wireless Subscribers Boosting Revenue Outlook

AT&T experienced significant growth in its postpaid wireless subscriber base, adding 405,000 new customers last quarter, surpassing analyst expectations. This growth was largely driven by strategic iPhone 17 promotions and attractive bundled offers combining wireless and fiber broadband services, with over 41% of fiber customers also subscribing to mobile plans. While the company saw a 6.1% increase in equipment sales, operating expenses rose by 3.8% due to higher marketing and device subsidy costs. Despite a slight decline in revenue from its business wireline segment due to the ongoing reduction in legacy services, AT&T's total third-quarter revenue approached $30.7 billion, and adjusted earnings per share met forecasts at 54 cents. The company raised its full-year profit guidance, bolstered by expectations of continued demand for mobility and broadband services, and is investing in future network capabilities with a $23 billion spectrum deal. This robust subscriber growth and strategic investments have positively influenced investor sentiment and suggest a promising outlook for AT&T's wireless and fiber network expansion through 2025 and beyond.