On January 24, 2024, AT&T Inc. reported its financial results for the fourth quarter of 2023, showcasing strong performance driven by 5G and AT&T Fiber growth. The company announced operating income of $5.3 billion and adjusted operating income of $5.8 billion for the quarter. Full-year operating income reached $23.5 billion, with adjusted operating income at $24.7 billion, marking a 5.0% increase year over year. AT&T's fourth-quarter revenues rose to $32.0 billion, a 2.2% increase from the previous year, while full-year revenues climbed to $122.4 billion, up 1.4%. The company's cash from operating activities for the quarter was $11.4 billion, and $38.3 billion for the full year, with free cash flow exceeding guidance at $16.8 billion. AT&T also reported net adds in postpaid phones and AT&T Fiber...Show More

On January 24, 2024, AT&T Inc. reported its financial results for the fourth quarter of 2023, showcasing strong performance driven by 5G and AT&T Fiber growth. The company announced operating income of $5.3 billion and adjusted operating income of $5.8 billion for the quarter. Full-year operating income reached $23.5 billion, with adjusted operating income at $24.7 billion, marking a 5.0% increase year over year. AT&T's fourth-quarter revenues rose to $32.0 billion, a 2.2% increase from the previous year, while full-year revenues climbed to $122.4 billion, up 1.4%. The company's cash from operating activities for the quarter was $11.4 billion, and $38.3 billion for the full year, with free cash flow exceeding guidance at $16.8 billion. AT&T also reported net adds in postpaid phones and AT&T Fiber, attributing the growth to its multi-year investment strategy and network enhancements. Looking ahead to 2024, AT&T anticipates wireless service revenue growth in the 3% range, broadband revenue growth of over 7%, and adjusted EBITDA growth in the 3% range, with capital investments projected between $21-$22 billion and free cash flow expected to be in the $17-$18 billion range. The company's CEO, John Stankey, expressed confidence in AT&T's sustainable growth and commitment to scaling its 5G and fiber networks to meet customer demand and deliver shareholder value.