AT&T (T.US) Q1 revenue increased by 2.7% year-on-year, HBO global subscribers reached nearly 64 million

2021/04/2220:00:54 finance 555

Zhitong Finance APP was informed that before the US stock market on April 22, AT&T (T.US) announced its results for the first quarter of 2021. The data shows that the company’s Q1 revenue was US$43.939 billion, an increase of 2.7% from US$42.779 billion in the same period last year. %; net profit was US$7.942 billion, compared with US$4.963 billion in the same period last year.

Diluted earnings per share were $1.04, compared with $0.63 a year earlier; adjusted earnings per share were $0.86, compared with $0.84 a year earlier.

Among them, AT&T's mobile business revenue increased by 9.4% year-on-year, of which service revenue increased by 0.6% and equipment revenue increased by 45.2%.

The net increase of postpaid users was 823,000, the net increase of postpaid phone users was 595,000, and the churn rate of postpaid phone users was 0.76%; the net increase of prepaid phone users was 207,000.

In terms of consumer wireline business, there was a net increase of 235,000 fiber-optic broadband subscribers, with a penetration rate of over 35%. IP broadband revenue increased by 4.6% year-on-year, and ARPU (average revenue per user) increased by 3.2% year-on-year.

Fourth quarter WarnerMedia revenue was $8.5 billion, up 9.8% year over year. The net addition of HBO MAX and HBO total subscribers in the United States is 2.7 million, the number of users in the United States has reached 44.2 million, and the number of global users is nearly 64 million.

HBO MAX and HBO ARPU in the U.S. were $11.72; DTC (direct-to-consumer) subscription revenue was up about 35%.

Looking ahead, the company expects full-year 2021 consolidated revenue to increase by around 1% year-on-year; adjusted earnings per share to be flat year-on-year; total capital investment of approximately $22 billion and capital expenditure of approximately $17 billion; free cash flow of approximately At $26 billion, the full-year payout ratio will be around 50%. After the announcement of the

financial report, as of press time, the stock rose 1.73% to $30.63 before the market.

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