MAAT INDEX

CLAIM #55383 · AT&T Inc. (T) · 2025Q3 earnings call · Oct 22, 2025 · due Dec 31, 2025

in the fourth quarter, as an example, we expect to have a pricing action that becomes effective that will contribute to service revenue growth.

Pascal Desroches · CFO

PENDING
graded after results covering Dec 31, 2025 are reported

In context

uperior performance with new spectrum that we're deploying opens up opportunities for us to do things like drive more value price relationship into the customer base to return on those investments. Pascal, do you want to talk about the ARPU characteristics? Pascal Desroches: Sure thing. Good morning, John. Here's the thing to keep in mind. When we look at our base of customers, we have a pretty broad base of customers. Candidly, we tend to over-index on the higher ARPU continuum. In order to grow service revenue, we have to be willing to also target other places where we're underpenetrated. And as John effectively laid out, that is a part of our strategy. But it doesn't mean that going down ARPU is at the sacrifice of overall service revenue. We are trying to maximize service revenue. And in the fourth quarter, as an example, we expect to have a pricing action that becomes effective that will contribute to service revenue growth. So overall, when you're managing a big base of customers like we are, it's important that we try to expand that base as well as over time drive more value by giving the customer more and driving more overall top-line growth. John Hodulik: Great. Thanks, guys. Brett Feldman: Thanks, John. Operator, we will take the next question. Operator: The next question comes from David Barden with New Street. Please go ahead. David Barden: Hey, guys. Thank you so much for taking the questions. I appreciate it. So John, just if I put all the pieces together, the Lumen deal, the Spectrum deal, the desire to get leverage back down to 2.5 times, the desire to maintain a dividend and an equity stock buyback return, recognizing the upper C band auction is coming, is it fair to say that when you say that you

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SEC filings for T · Claim quote is verbatim from the 2025Q3 earnings call.