AT&T Inc. on Thursday posted a 2.5 percent rise in revenue for its core phone and internet business in the first quarter, as the telecom giant benefited from the expansion of its fiber internet and 5G services.
The Texas-based firm, whose WarnerMedia unit completed its merger with Discovery Inc. earlier this month to form the new media firm Warner Bros. Discovery, added 691,000 monthly phone subscribers during the quarter.
AT&T is returning to its roots of providing wireless services after unwinding a years-long effort to become a media and entertainment company.
The company’s revenue for the standalone AT&T, excluding WarnerMedia, rose to $29.7 billion in the first quarter from $29 billion a year earlier.
Total revenue, however, was down more than 13 percent, reflecting the impact of its divested satellite TV business and weakness in its business wireline unit.
The company added 289,000 fiber Internet customers during the quarter ended March 31.
Total global subscribers for premium TV channel HBO and streaming service HBO Max, which are part of WarnerMedia, rose by three million from the previous quarter.
Net income attributable to common stock fell to $4.8 billion, or 65 cents per share, from $7.5 billion, or $1.02 per share a year earlier.
Sudhir Chaudhary wins two big Honours at XIIᵗʰ BCS Ratna Award 2026
12th BCS Ratna Award: JioStar’s Aravamudhan is Lifetime Achievement honouree
XIIth BCS Ratna Award : JioStar CEO Entertainment Kevin Vaz honoured
XIIth BCS Ratna Award 2026: Media achievers honoured
12th BCS Ratna Award a roaring success; honours excellence in M&E
Twelfth BCS Ratna Award boasts stellar lineup; to be held on Aug 5
‘The Revolutionaries’ unveils romantic song ‘Maahiya’
JioStar’s ‘Bigg Boss’ franchise gets over 95 sponsors
WBD shutters discovery+ app in India; existing subs to get service
‘MobLand’ renewed for S3, Tom Hardy returns
Balaji Telefilms, YouTube partner for 200-episode slate 


