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CLAIM #55070 · AT&T Inc. (T) · 2023Q3 earnings call · Oct 19, 2023 · due Dec 31, 2024

We continue to expect to grow our Mobility business very nicely as well as continue to drive growth in our fiber broadband business.

Pascal Desroches · CFO

CANNOT_DETERMINE
versus commitment · official band 5 percent
Committed
grow our Mobility business very nicely as well as continue to drive growth in our fiber broadband business
Reported
Mobility EBITDA grew 6.3%

In context

nd supplies that we have. We think the product is a relevant product, so no matter what the economic environment is, I don't see anything that's going to necessarily impact the category. I think it's a very popular category for gift giving and what needs to go on. So I would expect we have a strong seasonal fourth quarter like we typically have in the industry and I don't see that changing right now. Pascal, do you want to give us some texture on free cash flow? Pascal Desroches: Sure thing. John, here are the things to keep in mind. We've said this all along. We're trying to build a franchise that is producing sustainable growth in both earnings and cash. We're confident we're going to be able to do that in 2024. So when you think about earnings, here are the piece parts to keep in mind. We continue to expect to grow our Mobility business very nicely as well as continue to drive growth in our fiber broadband business. Our cost takeout efforts the last couple of years have shown that we are committed to creating a really efficient cost structure. So all those things will help drive EBITDA growth and you couple that with a step-down in CapEx from the elevated levels we've been at in ‘22 and ‘23. Those are going to be the big growth drivers to drive both free cash flow growth next year. Offsetting that, we would anticipate DIRECTV contributions to decline along, consistent with the secular decline of that business. But I would say, keep in mind that that, DIRECTV probably -- it's probably more resilient than many have expected and the team is doing an incredible job managing that asset. And then we also expect with the phase-out of the 2017 tax incentives, bonus, appreciation, interest limitations, we're

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SEC filings for T · Claim quote is verbatim from the 2023Q3 earnings call.