AT&T beats wireless subscriber additions estimate on 5G demand

att beats wireless subscriber additions estimate on 5g demand

Sumary of AT&T beats wireless subscriber additions estimate on 5G demand:

  • Business AT&T Inc on Thursday beat analysts’ estimates for monthly phone bill paying subscriber additions in the second quarter, fueled by more Americans converting to 5G phones.
  • FILE PHOTO: Shoppers walk past an AT&T store at the King of Prussia Mall in King of Prussia, Pennsylvania, U.S. November 22, 2019. REUTERS/Mark Makela/File Photo 2 related media assets (image or videos) available.
  • 22 Jul 2021 06:35PM Share this content Bookmark REUTERS: AT&T Inc on Thursday beat analysts’ estimates for monthly phone bill paying subscriber additions in the second quarter, fueled by more Americans converting to 5G phones.
  • The company, which also raised its full-year revenue and adjusted earnings per share growth forecasts, added 789,000 net new postpaid phone subscribers during the quarter, above FactSet estimates of 278,000. The wireless carrier had lost 151,000 subscribers in the year-ago quarter at the height of the pandemic.
  • WarnerMedia, the company’s media unit, added 2.8 million U.S. subscribers for its premium channel HBO and streaming platform HBO Max during the quarter.
  • AT&T raised its forecast for global HBO Max subscribers to between 70 million and 73 million by the end of the year.

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