AT&T announces solid first quarter; impressive wireless and TV performance
AT&T released its financials for the first quarter this morning and despite just missing Wall Street’s $31.08 billion revenue projection, the company kicked off 2009 with a very solid quarter. Company-wide revenue came in at $30.57 billion and stand outs were certainly wireless and U-Verse performance. AT&T Mobility added 1.2 million net wireless subscribers in Q1 2009, 875,000 of which were postpaid customers — up 24.1 percent YoY. AT&T also activated 1.6 million iPhones in the quarter. Wireless data revenue climbed 38.6 percent to $3.2 billion and operating income margin grew 26 percent YoY. On the wired side of things AT&T added 284,000 net U-Verse TV subscribers, which almost doubles its Q1 2008 growth and brings total subs to 1.3 million. It also reported a 471,000 net increase in wired and wireless broadband subscribers bringing the total to 16.7 million.
Easy to do when you cut your employee’s commissions by about 50 percent.
I’m sure that when AT&T upgrades their network for the new iphone, things will be flawless like they are now. Uh huh. Can you hear me now? Oh you can’t? Call dropped.
Customer Service…What?
Great…
Now fix your 3G data network in NYC, please! It takes me forever just to load pages in the Safari browser in Manhattan. UGH!
Easy to do when AT&T makes me pay $30 for an SMS plan that costs them nothing.
You all won’t agree, but I’ll chime in with:
-Superior Customer Service
-Excellent 3G and EDGE data
-No calls dropped, I mean never
Just my 2 cents (or 3).
Good for you.
@coach lon where they do that at? The least I can say is there network is infinitely better then T-Mobile
1. The 3G network SUCKS ASS
2. T-Mobile has better EDGE coverage and faster EDGE speed then AT&T (230kbps compared to 180kbps on AT&T)
3. Customer Service is nice, but they are complete dicks when you want to cancel and charge you ETF’s when you move out of the coverage area.
4. FUCK YOU AT&T
I’m confused…
“AT&T Mobility added 1.2 million net wireless subscribers in Q1 2009. AT&T also activated 1.6 million iPhones in the quarter.”
They activated 1.6 mil Iphones but netted only 1.2 mil adds. Does this mean 400,000 iphones were deactivated?
“AT&T Mobility added 1.2 million net wireless subscribers in Q1 2009. AT&T also activated 1.6 million iPhones in the quarter.”
what that really means is that their “lord and savior” i-phone is the only thing that keeps em going, why is that a surprise? the network that drops the most calls! and dont forget the $80.00 a month for this service, no wonder they have cash, lets see if they can sustain this without the i-mania.
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when are the other carriers releasing their bottom lines for the quarter???
@Lefty
There are other customers other than New customers to account for. I’m sure that number is including existing customers that are upgrading to iPhone.
http://online.wsj.com/article/SB124038510885342721.html#mod=msn_money_keywords
the TV metric is easy to accomplish when you give it away free for two months…
joecurve…I think I read sprint is releasing 1st week of may. I must say their new commercials are pretty cool…
Phel- you are dumb, U-Verse is like Comcast. Idiot.
Joecurve/lefty- Total (upgrades, extensions, new) dumbass.
Roger- dont be mad if you cant afford to be on att or verizon, have fun with your baby network aka tmobile
Brian…thank you oh so much, how could we ever continue without your guidance and understanding…what’s it like to believe your perfect?
Also, my bold on at&t’s network is out-fricking-standing.
So far IMO, at&t’s 3G is flawless, zero dropped calls.
As for VZW,tmobile & sprint I can’t comment have tested them out lately.
@ brian
Joecurve/lefty- Total (upgrades, extensions, new) dumbass.
how’d you figure that out, little Einstein????
I can’t really complain. My iPhone 3G runs great here in az! Good speeds, great coverage and no dropped calls
Posted from BGR Mobile (iPhone) at: Chandler United States
ATT took baiulout money from the feds just like CTI group did so of coaus they look like they did well Bailout money is the only thing them strong otherwise they would be fried chicken
@Galvatron
AT&T took bailout money? Please…inform me more and your sources. Because you sir, are sadly misinformed on who took bailout money from the government
at&t made 12.9 billion net profit last year. they want to take away retirees benefits that they worked hard for (20+ YEARS.) why would such a highly profitably fortune 50 (not top 500 but top 50) company do this to their loyal employees? sounds un american to me. sounds like another example of corporate greed. at&t needs to keep middle class jobs not sell out.