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AT&T 's revenue in the third quarter was $30 billion, down 4.1% from a year earlier.

Shulou Source: shulou.com Published: 2023-11-24 11:14:51 11月13日 Update

On the evening of October 20, Beijing time, it is reported that US telecom operator AT&T today released its third-quarter results for 2022. AT&T reported third-quarter revenue of $30 billion, down 4.1 per cent from $31.3 billion a year earlier. The profit was $6.3 billion, compared with $5 billion in the same period last year.

Third quarter results:

Revenue was $30 billion, down 4.1% from $31.3 billion a year earlier, mainly affected by the divestment of the u.s. video business. Excluding the impact of the video business, third-quarter revenue rose 3.1 per cent from $29.1 billion in the same period last year.

Of this total, revenue from wireless services rose 5.6% from a year earlier, the highest increase in 10 years. Revenue from broadband services increased 6.1% compared with the same period last year.

Operating expenses were $24 billion, compared with $25.1 billion in the same period last year.

Operating profit was $6 billion, compared with $6.2 billion a year earlier. Excluding restructuring charges and other specific expenses, adjusted operating profit was $6.2 billion, compared with $6.4 billion a year earlier.

Profits from continuing operations were $6.3 billion, compared with $5 billion in the same period last year.

Diluted earnings per common share were $0.79 per common share, compared with $0.63 a year earlier, while adjusted diluted earnings per common share were $0.68, compared with $0.66 a year earlier.

Operating cash was $10.1 billion, an increase of $800 million over the same period last year. Capital expenditure was $5.9 billion, an increase of $1.5 billion over the same period last year. Total capital investment was $6.8 billion and free cash flow was $3.8 billion. At the end of the third quarter, AT&T 's net debt was $131.1 billion.

In the third quarter, AT&T posted a net increase of 708000 post-pay phone users and a net increase of 3380 million optical fiber users, a net increase of more than 200000 for the 11th consecutive quarter.

Performance outlook:

AT&T expects adjusted diluted earnings per share of $2.50 or more in 2022.