AT&T announces solid first quarter; impressive wireless and TV performance
AT&T released its financials for the first quarter this morning and despite just missing Wall Street’s $31.08 billion revenue projection, the company kicked off 2009 with a very solid quarter. Company-wide revenue came in at $30.57 billion and stand outs were certainly wireless and U-Verse performance. AT&T Mobility added 1.2 million net wireless subscribers in Q1 2009, 875,000 of which were postpaid customers — up 24.1 percent YoY. AT&T also activated 1.6 million iPhones in the quarter. Wireless data revenue climbed 38.6 percent to $3.2 billion and operating income margin grew 26 percent YoY. On the wired side of things AT&T added 284,000 net U-Verse TV subscribers, which almost doubles its Q1 2008 growth and brings total subs to 1.3 million. It also reported a 471,000 net increase in wired and wireless broadband subscribers bringing the total to 16.7 million.
Zach Epstein
Zach Epstein is the Executive Editor of BGR. He has 10 years of industry experience, first in marketing and business development with two private Telcos, then as a writer and editor covering business, technology and telecommunications.
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