Q1 2025 AT&T Inc Earnings Call Transcript
Key Points
- AT&T Inc (T) reported growth in consolidated service revenue and adjusted EBITDA, driven by strong postpaid phone and fiber net additions.
- The company achieved growth in adjusted EPS and free cash flow, excluding DIRECTV, consistent with their March outlook.
- AT&T Inc (T) is on track to surpass its target of passing over 30 million total locations with its fiber network by mid-year 2025.
- The company plans to commence share repurchases during the second quarter, indicating confidence in its financial guidance.
- AT&T Inc (T) continues to see strong performance in its Mobility and Consumer Wireline businesses, offsetting pressures in Business Wireline.
- The macro environment presents diminished visibility, with potential impacts from announced tariffs on smartphones and network equipment.
- Postpaid phone churn increased due to normalization of customers reaching the end of their equipment promotional financing periods.
- Business Wireline revenues declined approximately 9% year-over-year, primarily due to pressures on legacy services.
- The company faces a competitive wireless market, with shifts in offers and promotions impacting churn.
- There is a potential for increased costs due to tariffs, which could affect consumer and business demand.
Good morning and welcome to AT&T's first quarter of 2025 earnings call. (Operator Instructions) And as a reminder, this conference is being recorded.
I would now like to turn the conference call over to our host Brett Feldman, Senior Vice President, Finance and Investor Relations. Please go ahead.
Thank you and good morning. Welcome to our first quarter call. I'm Brett Feldman, Head of Investor Relations for AT&T. Joining me on the call today are John Stankey, our Chairman and CEO; and Pascal Desroches, our CFO.
Before we begin, I need to call your attention to our Safe Harbor statement. It says that some of our comments today may be forward-looking. As such, they're subject to risks and uncertainties described in AT&T's SEC filings. Results may differ materially. Additional information, as well as our earnings materials are available on the Investor Relations website.
With that, I will turn the call over to John Stankey. John?
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