AT&T Latin America Team:
AT&T’s second quarter results show that AT&T had a solid second quarter and half-way through the year we’re on track to deliver on our commitments. At a corporate level, we used our record free cash flow and our asset sales to pay down our debt. And we’re confident we’ll meet our year-end net debt to adjusted EBITDA target of being in the 2.5x range. We’ve started the year with good momentum and I’m confident that we’ll finish it strong. In fact, this morning we’ve raised our free cash flow guidance for 2019 to the $28 billion range, up $2 billion, and we reaffirmed all other guidance for the year.
Across the company, other businesses also delivered solid results. U.S. Wireless is about half of our overall EBITDA and it continues to fire on all cylinders. We grew revenues and EBITDA, and had positive phone net adds, both postpaid and prepaid. Our Entertainment Group continues to stabilize and even grow its profitability. Serving a profitable and sustainable video subscriber base is our focus. WarnerMedia delivered another strong quarter with double-digit operating income growth and announced that HBO Max will be the name of our new streaming service launching next spring.
In AT&T Latin America, we held our own and continued to deliver on our 2019 commitments. In Mexico, we hit the 18 million mark this quarter for total subscribers and we have line of sight to achieve break-even EBITDA in the second half. Vrio did its part by contributing positive cash flow. And the team has done a good job managing costs, despite the challenging market conditions.