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AT&T Reports USD 30.4bn in Q3 2023 Revenue.

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INTERNET BUSINESS NEWS-(C)1995-2023 M2 COMMUNICATIONS

US-based communications company AT&T Inc. (NYSE: T) has reported USD 30.4bn in third quarter 2023 revenue, reflecting a 1% increase over USD 30bn YoY, the company said.

Third quarter 2023 highlights include:

Cash from operating activities of USD 10.3bn, up USD 0.2bn or 2.4% year over year; year-to-date, cash from operating activities is up USD 1.5bn versus the same period a year ago.

Free cash flow of USD5.2 bn, up USD1.3 bn year over year; year-to-date, free cash flow is up USD2.4 bn versus the same period a year ago.

The company now expects full-year free cash flow of about USD16.5 bn, versus prior guidance of USD16 bn or better.

Operating income of USD5.8 bn, with adjusted operating income of USD6.5 bn

Mobility service revenues up 3.7%

Consumer broadband revenues up 9.8%, driven by AT&T Fiber revenue growth of 26.9%

Surpassed 8 m AT&T Fiber subscribers; doubled customer base in less than 4 years

Launched AT&T Internet Air fixed wireless residential service; expect to be in 30+ locations by the end of the year

A leading investor in America's broadband infrastructure

Continued to enhance the largest wireless network in North America1 and expand the most reliable 5G network as we...

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