CLAIM #55091 · AT&T Inc. (T) · 2023Q4 earnings call · Jan 24, 2024 · due Dec 31, 2024
“Overall, we expect to continue to grow consolidated revenues next year.”
Pascal Desroches · CFO
In context
“service revenues grew nearly 6%. This is an area where we continue to grow faster than our nearest peer. FirstNet also continues to be a growth factor for us with wireless connections growing by about 260,000 sequentially. Now let's move to Slide 10 for our 2024 financial guidance. Here are our expectations for the year. First, we expect to again grow mobility subscribers against a healthy, but normalized industry growth. We also anticipate continued benefits from a larger subscriber base and modest growth in postpaid phone ARPUs. This should result in wireless service revenue growth in the 3% range for the full year. For broadband, we expect revenue increases of 7% plus for the full year. This growth reflects continued fiber subscriber growth and higher ARPUs from the mix shift to fiber. Overall, we expect to continue to grow consolidated revenues next year. As we think about the EBITDA trends in 2024, we expect to grow mobility EBITDA in the mid-single digit as our disciplined approach helps us to grow valuable subscribers. In business wireline, we expect EBITDA to be down about 10% plus or minus. We expect legacy business wireline declines to be partially offset by incremental cost savings and increased fiber and fixed wireless revenues. Additionally, our guidance reflects the impact of the expected deconsolidation of our cybersecurity services business. In consumer wireline, we expect to grow EBITDA in the mid-single digit range, thanks to continued growth in fiber revenues, and to a lesser degree, growth in fixed wireless subscribers. This will be partly offset by an expected continued decline in legacy copper revenues. Finally, similar t”
Verify independently
SEC filings for T ↗ · Claim quote is verbatim from the 2023Q4 earnings call.