AT&T Surpasses Revenue and Subscriber Growth Expectations in Q1

AT&T (T) announced impressive first-quarter results, surpassing analysts' expectations for revenue and net phone subscriber growth, even though its adjusted earnings per share (EPS) narrowly missed projections.

The Dallas-based telecommunications giant reported an adjusted EPS of $0.51, with operating revenue increasing 2% year-over-year to reach $30.63 billion. This outperformed analyst predictions, which anticipated $0.52 EPS and $30.34 billion in revenue, according to Visible Alpha's survey.

Subscriber growth was robust, with AT&T adding 324,000 net postpaid phone subscribers and 261,000 net AT&T Fiber internet subscribers. These figures exceeded analysts’ estimates of 252,800 phone and 264,300 internet additions, highlighting the company’s strong customer acquisition momentum.

Reaffirming its full-year guidance, AT&T projects low-single-digit service revenue growth for 2025, alongside at least 3% growth in adjusted EBITDA and adjusted EPS ranging between $1.97 and $2.07. This outlook reflects the company’s confidence in sustaining its growth trajectory.

CEO John Stankey emphasized the company’s solid business fundamentals and competitive positioning, stating, "Our priorities remain unchanged as we continue to execute our financial strategy and deliver capital returns as outlined in December."

Following the earnings release, AT&T’s stock initially rose but settled slightly lower shortly after market open. Year-to-date, shares have appreciated approximately 18%, underscoring investor confidence in the company’s performance.

UPDATE—This article includes the latest share price data for AT&T.

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