Q3 2025 AT&T Inc Earnings Call Transcript
Key Points
- AT&T Inc (T) reported over 400,000 postpaid phone net adds in the quarter, slightly ahead of last year's performance.
- The company achieved its highest total broadband net adds in more than eight years, with over 550,000 new subscribers to AT&T Fiber and Internet Air.
- AT&T Inc (T) has reached over 10 million premium AT&T Fiber subscribers, more than doubling its fiber customer base in less than five years.
- The company is on track to achieve its full-year financial guidance, with total revenues growing 1.6% year over year and adjusted EBITDA growing 2.4%.
- AT&T Inc (T) continues to expand its fiber and fixed wireless services, with plans to reach more than 60 million customer locations by the end of 2030.
- Postpaid phone churn increased to 0.92%, up 14 basis points from a year ago, reflecting increased marketplace activity.
- Business Wireline revenues declined 7.8% year over year, with EBITDA declining about 13%, due to structural declines in legacy services.
- The competitive environment in wireless has led to higher equipment costs and subscriber acquisition costs, pressuring Mobility EBITDA margins.
- ARPU (Average Revenue Per User) pressure is noted in both wireless and broadband, as the company targets underpenetrated segments with lower ARPUs.
- AT&T Inc (T) faces challenges in managing seasonality, particularly in the fourth quarter, which typically sees lower levels of new connections.
Good morning and welcome to AT&T's third quarter 2025 earnings call. (Operator Instructions) 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 third 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 are 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 our Investor Relations website. With that, I'll turn the call over to John Stankey. John.
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