AT&T has reported its earnings for the third quarter of 2015, noting quite a bump in revenues due mostly to the acquisition of DirecTV. In all, consolidated revenues totaled $39.1 billion, which is up 19 percent over the same period last year. In addition, earnings per share were 74 cents—up from 65 cents a year ago— before accounting for merger-related expenses and other one-time costs. After accounting for these costs, earnings per share were down to 50 cents per share.
Getting into the nitty gritty, AT&T’s wireless arm added 2.5 million wireless customers, with specific numbers breaking down to 289,000 postpaid, 466,000 prepaid, and a record 1.6 million connected device net adds. Here are some more highlights:
- 2.5 million AT&T Mobility domestic wireless net adds with gains in every customer category
- 755,000 branded net adds including solid phone net adds
- 289,000 postpaid and 466,000 prepaid net adds, best prepaid net add quarter in nearly 8 years
- Record 1.6 million connected device net adds including 1 million connected cars
- Nearly 1 million branded (postpaid and prepaid) smartphones added to base
- Continued growth in phone-only postpaid ARPU plus AT&T NextSM monthly billings up nearly 5 percent year over year
- Total churn of 1.33 percent, down year over year; postpaid churn at 1.16 percent
Source: AT&T