At&t delivers strong first-quarter cash from operations and free cash flow powered by 5g and fiber growth
Company's investment-led approach and connectivity momentum fuels mobility service and broadband revenue growth dallas , april 24, 2024 /prnewswire/ -- at&t inc. (nyse: t) reported first-quarter results that highlighted consistent 5g and fiber customer additions and showcased profitable growth driven by increased mobility service and broadband revenues. first-quarter consolidated results revenues of $30.0 billion diluted eps of $0.47 ; adjusted eps* of $0.55 operating income of $5.8 billion ; adjusted operating income* of $6.0 billion net income of $3.8 billion ; adjusted ebitda* of $11.0 billion cash from operating activities of $7.5 billion , up $0.9 billion year over year capital expenditures of $3.8 billion ; capital investment* of $4.6 billion free cash flow* of $3.1 billion , up $2.1 billion year over year first-quarter highlights 349,000 postpaid phone net adds with an expected industry-leading postpaid phone churn of 0.72% mobility service revenues of $16.0 billion , up 3.3% year over year 252,000 at&t fiber net adds; 17th consecutive quarter of 200,000+ net adds consumer broadband revenues of $2.7 billion , up 7.7% year over year 27.1 million consumer and business locations passed with fiber "our results this quarter reflect continued strong growth in our mobility and consumer wireline connectivity businesses, which represent about 80% of our total revenues," said john stankey, at&t ceo.
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