Breaking News
Ad-Free Version. Upgrade your experience. Save up to 40% More details

AT&T Gains On More Telecom, Streaming Users, Revised Guidance

Stock MarketsJul 22, 2021 09:21AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
© Reuters.

By Dhirendra Tripathi – AT&T (NYSE:T) stock rose 1.4% in Thursday’s premarket trading as the company notched up solid growth in both telecom and media businesses in the second quarter.

Subscribers willing to pay more for its high-speed 5G and HBO Max streaming services boosted the company’s confidence to revise its guidance.

The company net added 789,000 postpaid subscribers on its telecom network during the second quarter, more than two-and-a-half times the increase on Verizon’s service.

The robust additions reflect consumer demand for better services that support more content and devices.

Postpaid phone-only average revenue per user was $54.24, down a mere 0.4% versus the year-ago quarter, mostly due to the impacts of promotional discount amortization, but was up sequentially.

AT&T Fiber net added 246,000 subscribers.

The company net added 2.8 million subscribers on its HBO Max and HBO platforms in the second quarter in the U.S. This is just short of twice the 1.54 million subscribers Netflix (NASDAQ:NFLX) added and underscores its emergence as a serious competitor in a space its rival has dominated for years.  

AT&T’s media unit WarnerMedia is being spun off to merge with Discovery (NASDAQ:DISCA) and the company hopes to end the year with 70 million to 73 million global HBO Max/HBO subscribers, compared to previous forecast of 67 million-70 million.

The telecom and media giant expects consolidated revenue to grow 2% to 3% and adjusted EPS to grow in the low- to mid-single digits.

Consolidated revenue in the second quarter rose 7.6% to $44 billion. Adjusted EPS rose 7.2% to 89 cents.

Analysts had estimated an EPS of 79 cents on revenue of $42.66 billion.








AT&T Gains On More Telecom, Streaming Users, Revised Guidance

Related Articles

2 Foreign Telecom Stocks to Buy Now
2 Foreign Telecom Stocks to Buy Now By StockNews - Jul 28, 2021

The telecom industry fared well during the pandemic by introducing game-changing solutions and by commercial deployment of 5G. With the under-resourced domestic semiconductor...

O’Reilly Automotive Earnings, Revenue Beat in Q2
O’Reilly Automotive Earnings, Revenue Beat in Q2 By - Jul 28, 2021 - O’Reilly Automotive reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations. O’Reilly...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email