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AT&T Earnings Email
Q1 2019 AT&T Earnings


We began 2019 with solid financial results. For 1Q, the takeaway is that you stepped up and came through in key priority areas for the year. 2019 Key Priorities


Lead in 5G

Drive video transformation

Maintain Mobility momentum

Maintain Business EBITDA

Reduce costs throughout the business

Following are corporate results and business unit highlights.



AT&T Inc. Key Financial Results



Adjusted earnings per share of $0.86, up 1.2%

Free cash flow of $5.9 billion

Consolidated revenues of nearly $45 billion


AT&T Communications Highlights

AT&T Business
Once again, credit to the team for managing transition and generating significant earnings. Business wireline EBITDA came in at $2.5B in 1Q and EBITDA margins were nearly 38% thanks to automation and new platforms for customers.

Business wireless revenue grew year over year for the 6th straight quarter, reflecting the rapid expansion of FirstNet. We’ve now deployed spectrum for public safety in more than 500 markets.

Also in 1Q, we signed a deal with Vodaphone to accelerate the Internet of Things in the car industry. Working together, we’ll help our customers bring innovation and connectivity to more vehicles across our respective footprints around the globe.

In addition, we picked up key 5G customer wins. We’re working with the Dallas Cowboys to make AT&T Stadium the first 5G stadium in the U.S. We’re also working with Rush System for Health in Chicago and VITAS Healthcare to create the future of healthcare.

Lastly, AT&T Business joined forces with AlienVault to create our new brand, AT&T Cybersecurity. This business is powered with the advanced threat intelligence of Alien Labs and is growing faster than the market.

Technology & Operations
Another quarter, another accolade for our network. This time it’s the fastest,1 according to Ookla. This comes on top of being recognized as the best2 network by GWS last fall.

Right on plan, we continued to set the pace in mobile 5G. Earlier this month, we rolled out mobile 5G in parts of 7 more cities, bringing the total to 19. And we recorded another U.S. first in 1Q, by becoming the first carrier in the U.S. to reach mobile 5G speeds surpassing 1 gigabit per second. In addition, we plan to offer our first 5G smartphone this year.

And while the team delivered for customers, it also kept driving efficiencies in our operations. For the 16th straight quarter, network costs were down year over year.

Mobility & Entertainment
Mobility is our biggest contributor, and it’s good news for everyone when it posts year-over-year revenue and EBITDA growth. Service revenues were up 2.9%. For the first time since 2014, postpaid voice net adds had a positive 1Q. And prepaid turned in record-low 1Q churn.

Last fall, we told investors the Entertainment Group would stabilize EBITDA. That’s just what it did in 1Q. The team made tough calls to reduce promotions and launch new DTV NOW packages. We also took steps to control rising content costs with agreements to bring them in line with customer demand.

So here’s how it all netted out. Even though we lost DTV and DTV NOW subs in 1Q, EG EBITDA was up 6.9%. We now have a video customer base that’s more profitable to our company. The job ahead is to increase our share of these high-value consumers.

We’re redefining “retail” to win customers. Through AT&T Ready to Go, they tell us when and where to deliver and set up their new devices. No other major U.S. carrier offers this level of convenience, and it just expanded to parts of 54 markets. And a recent campaign with HBO turned select stores into fan hubs with exclusive experiences celebrating the final season of “Game of Thrones.”

Broadband was another positive story. Our AT&T fiber footprint expanded to more than 12 million locations, helping to drive 45,000 broadband net adds.


By advancing our key priorities in 1Q, we did our share to control costs, increase cash flow and help pay down our company’s debt. I’m proud of the courage and hard work it took to make good on these commitments. Still, there’s more work to do. And I’m confident you’ll keep the engine revved to build on these results in 2Q and beyond.

Adding to my confidence and pride is AT&T Believes. What started just a year ago in a single city is already a national movement. And “believers” from outside AT&T are now joining our efforts.

During the Masters Tournament, AT&T Believes℠ got nationwide attention with a TV commercial featuring AT&T employees. It spotlights the power of making meaningful connection. That’s our vision, and I thank you for embracing it every day in serving our customers and our communities.

John Donovan Signature
John Donovan
CEO – AT&T Communications

View more information on AT&T’s 1st Quarter Results.

1 Based on analysis by Ookla® of Speedtest Intelligence® data average download speeds for Q1 2019.
2 Based on GWS OneScore Sept. 2018.


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