AT&T's U-verse subs top 10.7M in Q4

AT&T's (NYSE: T) U-verse subscribers, for both TV and broadband, topped 10.7 million in the fourth quarter, the carrier said, making the U-verse platform a $13 billion annualized business for the company, growing at a rate of 28 percent per year.

Speaking during the company's fourth quarter earnings conference with investors, AT&T CFO John Stephens said the company's U-verse TV subscribers alone reached 5.5 million, and the company's TV service reported the lowest churn in its history. AT&T added nearly 194,000 U-verse TV subscribers in the quarter and 924,000 subscribers in the year. "They want U-verse and they stay with us once they get it," Stephens said on the call.

In addition, U-verse added 630,000 broadband subscribers in the fourth quarter, bringing AT&T's total broadband subscriber additions to 2.7 million for 2013. In total, the company said it has 10.4 million U-Verse broadband subscribers.

AT&T's residential customers generated $5.6 billion in revenues, an increase of 2.9 percent over the fourth quarter of 2012. U-verse subscribers now represent 57 percent of AT&T's wireline consumer revenues, but the company believes there is room to grow in 2014 as AT&T continues to deploy its Project VIP network upgrades.

Interestingly, about 59 percent of AT&T's U-verse broadband customers are getting speeds of up to 12 Mbps or higher. And in the fourth quarter more than 90 percent of new U-Verse TV customers also signed up for U-verse broadband service. Approximately two-thirds of AT&T's U-verse TV subscribers are bundled customers, meaning they subscribe to three or four services from the company. Average revenue per user, or ARPU, for AT&T's triple-play customers tops $170 per month.

In other company metrics, AT&T reported consolidated revenues of $33.2 billion in the fourth quarter, up 1.8 percent vs the year-earlier quarter. For the full year AT&T reported consolidated revenues of $128.8 billion vs. $127.4 billion in 2012.

AT&T's wireline revenues were $14.7 billion in the quarter, down 1.4 percent from the fourth quarter of 2012. The carrier's U-verse revenues grew 27.9 percent year over year and were up 7 percent vs. the third quarter of 2012.

For more:
- see this release

Related articles:
AT&T blames U-verse Internet outage on 'web hosting service issue'}
AT&T blames major U-verse outage on 'issue with server'
AT&T cracks 8 million total U-verse subscribers in Q4
AT&T to automatically credit bills of U-verse subscribers impacted by outage
AT&T takes on Comcast, Verizon with multiplatform U-verse Screen Pack
AT&T to expand U-verse to 33M homes, increase broadband speeds to 75 Mbps

Suggested Articles

Qualcomm is touting its role in completing the new Versatile Video Coding (VVC) standard for video compression.

Discovery, Inc. is launching OneGraph, a new ad product that will unify its audiences across all of its linear and digital platforms.

Quibi got some good news this week when it won a court decision against Eko.