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CLAIM #55147 · AT&T Inc. (T) · 2024Q1 earnings call · Apr 24, 2024 · due Dec 31, 2024

We now expect consumer wireline EBITDA to grow in the mid to high-single-digit range this year, driven by continued strong fiber revenue growth and disciplined cost management, partially offset by continued legacy copper declines.

Pascal Desroches · CFO

PENDING
graded after results covering Dec 31, 2024 are reported

In context

h. Now let's move to consumer wireline results on Slide 9. Our growth in consumer wireline was led once again by our fiber subscriber growth, which has consistently yielded strong returns. In the quarter, we had 252,000 AT&T fiber net adds, which is in line with the outlook we provided. This is the 17th consecutive quarter with AT&T fiber net adds above 200,000. We now have fiber penetration of 40% with several markets well above that level. Broadband revenues grew 7.7% including strong fiber revenue growth of 19.5%. For the full year, we continue to expect broadband revenue growth of 7% plus. Fiber ARPU of $68.61 was up more than 4% year-over-year with intake ARPU remaining above $70. Consumer wireline EBITDA grew 14.6% due to growth in broadband revenues and ongoing cost transformation. We now expect consumer wireline EBITDA to grow in the mid to high-single-digit range this year, driven by continued strong fiber revenue growth and disciplined cost management, partially offset by continued legacy copper declines. As our customer base continues to migrate to fiber from legacy services, our broadband support costs are decreasing, thanks to fiber's more efficient operating model, greater reliability and higher quality service. And while fiber remains our focus and lead product, we continue to be encouraged by the early performance of AT&T Internet Air, our targeted fixed wireless service, which is available in parts of 95 locations. We now have more than 200,000 AT&T Internet Air consumer subscribers, having added 110,000 in the quarter. Ultimately, we couldn't be more excited about the future of consumer wireline with AT&T fiber well positioned to lead our growth and AT&T Internet Air, helping us provide quality broadband service to customers, where we don't offer fiber. Now, let's cover business wi

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SEC filings for T · Claim quote is verbatim from the 2024Q1 earnings call.