AT&T adds mobile and U-verse subscribers to post Q4 revenue, profit gains

The carrier had a net gain of more than 800,000 wireless subscribers

AT&T financial earnings for the past five quarters

AT&T financial earnings for the past five quarters

AT&T gained subscribers for both its mobile and high-speed wireline services in the fourth quarter, posting revenue and profit increases from a year earlier.

The carrier's revenue rose 1.8 percent to US$33.2 billion. Wireless data was a strong driver in that gain, up 16.8 percent from a year earlier. Total revenue from the company's U-verse high-speed Internet and TV service rose 27.9 percent.

AT&T added 809,000 total wireless subscribers, led by 566,000 postpaid customers, including 299,000 using smartphones. It logged 440,000 net additions of tablet customers. So-called churn, or turnover of customers, hit a fourth-quarter record low of 1.1 percent, the carrier said, despite increasing competitive offers from rivals such as T-Mobile USA.

Profit came in at $1.31 per share, but that included several one-time items, such as a gain from benefit plans. Not counting those, AT&T earned $0.53 per share, up 20.5 percent from $0.44 a year earlier. That exceeded the consensus forecast from financial analysts surveyed by Thomson Reuters by $0.03 per share.

AT&T's U-verse high-speed Internet gained 630,000 in the quarter and its related U-verse TV offering added 194,000 subscribers. The Internet service ended the year with 10.7 million subscribers and the TV service with 5.5 million. However, including voice, DSL and other services, wireline revenue fell 1.4 percent from a year earlier.

The company spent $21 billion on capital investments in 2013, which it called the peak year for its Project VIP network buildout that included expansion of its LTE network. AT&T expects to complete its LTE rollout to cover about 300 million people ahead of its target date of the end of 2014, Chairman and CEO Randall Stephenson said. He said that buildout should be finished by the end of summer, which typically means the beginning of September in the U.S.

This year, AT&T expects revenue growth of 2 percent to 3 percent and capital investment of about $21 billion.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags mobilebusiness issuestelecommunicationfinancial resultsat&tCarriers

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Stephen Lawson

IDG News Service
Show Comments

Father’s Day Gift Guide

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?