CLAIM #55211 · AT&T Inc. (T) · 2024Q3 earnings call · Oct 23, 2024 · due Dec 31, 2024
“This puts us in a solid position heading into the fourth quarter where we expect seasonally higher phone purchasing activity, upgrades and promotional cycles.”
John Stankey · CEO
In context
“olidated financial guidance, creating runway for future growth, and then I'll provide a few updates on some recent developments. Our strategy remains the same to lead the industry in converged connectivity through 5G and fiber. In Mobility, the value of the coverage and reliability of the service we provide and our best deals for every one approach that puts our customers first are producing solid, sustainable results. We're growing 5G subscribers in a durable way and delivered 403,000 postpaid phone net adds in the third quarter. We also grew efficiently with lower year-over-year postpaid phone churn and upgrade rates. Three quarters of the way through the year, our Mobility business has grown EBITDA by more than 6%, which is in the high end of the guidance we provided for the full year. This puts us in a solid position heading into the fourth quarter where we expect seasonally higher phone purchasing activity, upgrades and promotional cycles. Overall, we feel great about our continued momentum in Mobility. We're adding customers, increasing profitability and expect to deliver the best postpaid phone churn in the industry for the 13th time in 15 quarters. Now let's switch gears to Consumer Wireline where we generated positive total broadband subscriber net adds for the fifth consecutive quarter despite impacts from a one month work stoppage in the Southeast and from Hurricane Helene. And I think it's important to take a moment, recognize our frontline teams who continue to show up in a heroic fashion while confronting multiple devastating hurricanes. We were pleased to welcome our committed employees in the Southeast back to work on September 16th, with newly ratified agreements, a five year contract in the Southeast and a simi”
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SEC filings for T ↗ · Claim quote is verbatim from the 2024Q3 earnings call.