Sumary of AT&T beats wireless additions estimate on 5G demand, raises FY growth forecasts:
- N) on Thursday beat analysts’ estimates for monthly phone bill paying subscriber additions in the second quarter, fueled by more Americans upgrading 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.
- O), added 2.8 million U.S. subscribers for its premium channel HBO and streaming platform HBO Max during the quarter, thanks to titles like “In the Heights” and “Mortal Kombat”, which is based on the popular video game.
- AT&T raised its forecast for global HBO Max subscribers to between 70 million and 73 million by the end of the year, compared with the earlier estimate of 67 million to 70 million subscribers.