AT&T (NYSE: T) said it posted a net gain of 198,000 U-verse TV subscribers and 613,000 high-speed Internet subscribers in the third quarter. The carrier notched a 2 percent increase in its wireline consumer revenue growth year-over-year, its strongest growth in more than four years.
Source: AT&T Investor Update
One of AT&T's strongest wireline growth areas was its U-verse IPTV services. TV and high speed Internet U-verse customers totaled 7.4 million in the third quarter. Although wireline broadband connections decreased by 42,000 in the third quarter, the company said total broadband average revenue per user (ARPU) increased almost 10 percent year-over-year.
The company's earnings per share (EPS) increased from 59 cents to 62 cents, a 5 percent increase year-over-year and an 8 percent increase year to date.
Third-quarter wireline revenues totaled $14.8 billion, a 1.6 percent decrease from last year's figures, but its expenses, $12.9 billion, also decreased 2.1 percent year-over-year.
Randall Stephenson, AT&T chairman and CEO, said the company's "strong performance allows us to increase our free cash flow guidance to $18 billion or higher this year, exceeding our previous outlook by $2 billion."
- see the earnings report
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