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.

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.