Summary by Futu AI
AT&T reported net income of $12.3 billion for fiscal year 2024, with operating revenues reaching $122.3 billion. The Communications segment, accounting for 97% of total segment revenues, saw Mobility service revenue grow 3.5% to $65.4 billion, while adding 1.7 million postpaid phone net additions. Fiber broadband connections increased by 1.0 million to reach 9.3 million customers.Business Wireline revenue declined 9.9% to $18.8 billion amid accelerated legacy service declines, resulting in a $4.4 billion goodwill impairment charge in Q3. The company continued its cost transformation initiatives, with operations and support expenses decreasing 1.7% to $77.6 billion. Consumer Wireline revenue grew 3.1% to $13.6 billion driven by fiber expansion.Looking ahead, AT&T plans to focus on 5G and fiber deployment while implementing Open RAN network modernization. The company expects continued wireless subscriber momentum and fiber growth in 2025, targeting $22 billion in capital investment. Management aims to drive efficiencies through cost transformation initiatives and product simplification while maintaining strong network investments.
This strategy is often seen in tariff policies and trade negotiations.
First, he scared everyone quite a bit, and then he gave a little reward.Imagine you are bargaining in a vegetable market, and Trump's approach is to first raise a loudspeaker and shout: "This pile of cabbage must be sold to me for 100 yuan today!" When the vendor is stunned, he suddenly rubs his hands and says: "But seeing that you are not having an easy time, let's settle for 80 yuan~"
Comment(0)
Reason For Report