AT&T (T) Tops Q4 EPS by 2c

January 26, 2022 6:28 AM EST

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AT&T (NYSE: T) reported Q4 EPS of $0.78, $0.02 better than the analyst estimate of $0.76. Revenue for the quarter came in at $40.96 billion versus the consensus estimate of $40.68 billion.

“A year and a half ago, we began simplifying our business to reposition AT&T for growth and we’re extremely pleased with how we’ve executed on that commitment,” said John Stankey, AT&T CEO. “We ended 2021 the way we started it – by growing our customer relationships, running our operations more effectively and efficiently, and sharpening our focus. Our momentum is strong and we’re confident there is more opportunity to continue to grow our customer base and drive costs from the business.

“We’re at the dawn of a new age of connectivity. Our focus now is to be America’s best connectivity provider and also ensure our media assets are positioned to grow and truly become a global media distribution leader. Once we do this, we’ll unlock the true value of these businesses and provide a great opportunity for shareholders.”

  • 884,000 postpaid phone net adds; 3.2 million for full year
  • 1.3 million postpaid net adds; 4.5 million for full year
  • Postpaid phone churn of 0.85%; 0.76% for full year
  • Revenues up 5.1%; service revenues up 4.6%; equipment revenues up 6.2%
  • Operating income of $5.4 billion, up 5.2% year over year; EBITDA4 up 4.3%
  • Operating income margin of 25.3%; EBITDA service margin5 50.5%

For earnings history and earnings-related data on AT&T (T) click here.

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