AT&T Inc. reported on Thursday its first-quarter revenue of $43.9 billion, above expectations of some $42.6 billion and rising 2.7% compared to the same period last year. The diluted earnings per share (EPS) stood at $1.04, up 65% year-on-year. Net income came in at $7.9 billion, a 61% increase compared to Q1 2020.
"We continued to excel in growing customer relationships in our market focus areas of mobility, fiber and HBO Max," said AT&T CEO John Stankey. "We had another strong quarter of postpaid phone net adds, higher gross adds, lower churn and good growth in Mobility EBITDA. We also continue to increase penetration in markets where we offer fiber broadband and we’re moving quickly to deploy more fiber. HBO Max continued to deliver strong subscriber and revenue growth in advance of our international and AVOD launches planned for June."
