AT&T Inc. (NYSE:T ) Q4 2024 Earnings Conference Call January 27, 2025 8:30 AM ET Company Participants Brett Feldman - SVP, Finance & IR John Stankey - CEO Pascal Desroches - CFO Conference Call Participants John Hodulik - UBS David Barden - Bank of America Michael Rollins - Citi Benjamin Swinburne - Morgan Stanley Peter Supino - Wolf Research James Schneider - Goldman Sachs Sebastiano Petti - JPMorgan Timothy Horan - Oppenheimer Operator Good morning, and welcome to AT&T's Fourth Quarter 2024 Earnings Call. At this time, all participants are in listen-only mode.
AT&T Inc.'s Q4 revenue beat expectations at $32.3 billion, driven by strong subscriber adds and low churn, with EPS surpassing estimates at $0.56 per share. Mobility revenues rose 3.3%, postpaid net adds were 839,000, and fiber saw a significant jump with 307,000 net adds, showing robust growth. Operating expenses were $27.0 billion, in line with expectations, and free cash flow was $4.8 billion, comfortably covering the dividend with a payout ratio of 43.8%.
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Shares in AT&T Inc (NYSE:T) jumped 6% after it dialled in larger gains in customers in the past quarter than expected and said it has entered 2025 with "strong momentum". Net new phone customer numbers for the fourth quarter reached 482,000, beating the forecasted additions of 443,000 from Wall Street analysts.
Telecommunications giant AT&T (T 4.58%) reported fourth-quarter and full-year 2024 earnings on Monday, Jan. 27, that topped analyst consensus estimates. Adjusted earnings per share (EPS) of $0.54 exceeded analysts' projections of $0.50 while revenue rose slightly to $32.3 billion, surpassing the consensus estimate of $32.02 billion.
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AT&T (T) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.54 per share a year ago.
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