CLAIM #55087 · AT&T Inc. (T) · 2023Q4 earnings call · Jan 24, 2024 · due Dec 31, 2024
“We remain encouraged by the overall health of the wireless industry and are confident that our mobility business will deliver again as we expect to continue to grow in customers, service revenues, and EBITDA to healthy clip in 2024.”
Pascal Desroches · CFO
In context
“bscriber growth. In the quarter, service revenues rose about 4%, while they were up 4.4% for the full year. Mobility EBITDA for the quarter was up about $450 million or 5.6%, driven by growth in service revenues. For the full year, mobility EBITDA grew 7.4% and we continue to see margin expansion year-over-year. Mobility postpaid phone ARPU was $56.23, up 1.4% year-over-year. ARPU growth continues to be largely driven by our targeted pricing actions and from customers trading up to higher priced unlimited plans. Postpaid phone churn of 0.84% for the quarter remained historically low. Our continued low churn levels clearly demonstrate customers prefer the value proposition they are getting from AT&T. In prepaid, our phone churn was less than 3% with Cricket phone churn substantially lower. We remain encouraged by the overall health of the wireless industry and are confident that our mobility business will deliver again as we expect to continue to grow in customers, service revenues, and EBITDA to healthy clip in 2024. Now let's move to consumer and business wireline results, which are on Slide 9. Let's start with consumer wireline. As John mentioned, the financial and operational performance of our fiber business is exceeding our initial expectation. Wherever we have fiber, we continue to win. In the fourth quarter, we added 273,000 fiber customers even in a seasonally slow fourth quarter and lower year-over-year household moves. This accentuates the resiliency of fiber and the superior experience it provides customers. Broadband revenues grew more than 8% year-over-year due to fiber revenue growth. Fiber ARPU was $68.50, up $0.29 sequentially, with intake ARPU now at more than $70. Consumer wireline EBITDA grew more than 10% for the quarter and more than 8% for the full year due to growth in fiber rev”
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SEC filings for T ↗ · Claim quote is verbatim from the 2023Q4 earnings call.