MAAT INDEX

CLAIM #55460 · AT&T Inc. (T) · 2026Q1 earnings call · Apr 22, 2026 · due Dec 31, 2026

Our outlook continues to anticipate immaterial EBITDA contribution this year from the operating regions acquired from Lumen.

Pascal Desroches · CFO

PENDING
graded after results covering Dec 31, 2026 are reported

How to check this claim

Look at: EBITDA contribution from operating regions acquired from Lumen, full fiscal year

It came true if: EBITDA contribution from acquired Lumen regions is immaterial (qualitatively minimal/near-zero, not disclosed as a significant contributor) for the full year

Where: company management commentary / segment disclosures in 10-K and quarterly earnings calls

In context

t to remain stable in the near term and continue to grow at a low single-digit CAGR through 2028. Advanced Connectivity EBITDA grew 5.6% year-over-year, and we improved EBITDA margin by 30 basis points despite a few notable headwinds. These include high single-digit growth in low-margin equipment revenues, as well as the inclusion of revenues and geographies acquired from [ Lumen ], which did not make a material contribution to EBITDA in the quarter. In addition, about 40% of the adjusted EBITDA benefit from the vendor settlements we called out in the first quarter of 2025 was incurred in the Advanced Connectivity segment. So the improvement in Advanced Connectivity EBITDA margin was driven by service revenue growth, as well as the durable benefit of cost actions that I discussed earlier. Our outlook continues to anticipate immaterial EBITDA contribution this year from the operating regions acquired from Lumen. This reflects increased spending within these geographies to stand up a business that is positioned for faster growth in fiber and wireless customers, as fiber deployment accelerates and as we leverage our existing distribution in these regions. We're really pleased with how the business is positioned coming out of the first quarter and continue to expect Advanced Connectivity service revenues to grow 5% plus this year with EBITDA growth of 6% plus. Legacy service revenues declined about 25% year-over-year, which is consistent with our outlook for 20% plus decline in 2026. We stopped taking new orders for legacy services last year in most of our wireline footprint, and we now have approval to discontinue legacy services in more than 30% of our [indiscernible]. We're actively working with

Verify independently

SEC filings for T · Claim quote is verbatim from the 2026Q1 earnings call.