AT&T's U-verse is wireline's lifeline in Q1, adds 218,000 subs

The little engine that could, U-verse, continued to support AT&T's (NYSE:T) wireline unit in the first quarter, seeing 218,000 new subscribers for the U-verse TV service to end the quarter with 3.2 million subs.

AT&T said first quarter revenues totaled $31.2 billion, up more than $700 million, or 2.3 percent, versus the year-earlier quarter. It was the fifth consecutive quarter to see year-over-year revenue increases.

The telco said first-quarter net income totaled $3.4 billion, or 57 cents per share, up from $2.5 billion, or 41 cents per share a year ago.

In what has been a pleasant surprise, wireline consumer revenues grew year-over-year for the third consecutive quarter, something the company attributed specifically to its U-verse services.

AT&T said IP data service helped bring in revenues from residential customers of $5.3 billion in the quarter, up slightly from a year ago. The company said U-verse subscribers-to the tune of 75 percent--continued to buy into triple- and quad-play packages. ARPU for U-verse triple-play customers was $168, up 14.3 percent year-over-year.

AT&T also reported that the high-speed Internet attach rate continued to run above 90 percent; nearly 60 percent of subscribers added the AT&T U-verse Voice service.

For more:
- see this release

Related articles:
AT&T fourth quarter revenues top $31.4 billion, U-verse TV growth continues
AT&T: U-verse driving change in business; telco adds 236000 subs
AT&T sees first ever $1B revenue quarter for U-verse

Suggested Articles

Cable One is purchasing a 45% minority stake in Mega Broadband, parent company of Vyve Broadband, for approximately $574.1 million in cash.

Aura at ironSource is releasing a new pay TV platform that combines consumer personalization, contextual advertising and mobile interactions.

Cable, satellite, and telecom pay TV providers should expect one of the worst years ever for cord cutting, according to eMarketer.