AT&T (T) Q2 2025 Financial Results Summary

# AT&T Inc. (T) Q2 2025 Financial Results Summary

DALLAS, July 23, 2025 — AT&T Inc. (NYSE: T) reported strong second-quarter results that reflect continued demand for their 5G and fiber services. This report summarizes key metrics from their financial performance.

### Financial Highlights
– **Revenues**: $30.8 billion, an increase of **3.5%** from $29.8 billion in Q2 2024.
– **Diluted EPS**: $0.62, up from $0.49 a year ago, representing a **27%** growth.
– **Adjusted EPS**: $0.54, compared to $0.51 in the prior year, a **5.9%** increase.
– **Operating Income**: $6.5 billion, an increase from $5.8 billion in Q2 2024.
– **Adjusted Operating Income**: $6.5 billion, compared to $6.3 billion a year prior.
– **Net Income**: $4.9 billion, up from $3.9 billion in the year-ago quarter.
– **Adjusted EBITDA**: $11.7 billion, compared to $11.3 billion, marking a **3.5%** increase.
– **Cash from Operating Activities**: $9.8 billion, compared to $9.1 billion, a rise of **7.7%**.
– **Capital Expenditures**: $4.9 billion, a rise from $4.4 billion in Q2 2024.
– **Capital Investment**: $5.1 billion versus $4.9 billion a year ago.
– **Free Cash Flow**: $4.4 billion, an increase of **10%** from $4.0 billion a year prior.

### Segment Performance
– **Communications Segment Revenues**: $29.7 billion, an increase of **3.9%** year over year.
– **Mobility Service Revenue**: $16.9 billion, up **3.5%** compared to the previous year.
– **Total Wireless Net Adds**: 289,000, with **postpaid phone net adds** of 401,000 and
– **Postpaid Churn**: 0.87%, compared to 0.70% for the same quarter last year.
– **Consumer Wireline**:
– Revenues reached $3.5 billion, up **5.8%** year over year.
– Fiber revenue up **18.9%**.
– **Operating Income**: $335 million, compared to $184 million, an **82.1%** rise.
– **Business Wireline**: Revenues fell **9.3%** year over year.
– **Latin America Segment Revenues**: $1.054 billion down **4.4%**, primarily due to unfavorable foreign exchange impacts.

### Key Transactions
– **Share Repurchase**: AT&T repurchased approximately **$1.0 billion** in common shares.
– **Sale of DIRECTV**: Closed sale of remaining **70% stake** in DIRECTV to TPG on July 2.

### Tax Savings Impact
– Expected cash tax savings of **$6.5 to $8.0 billion** during 2025-2027.
– Anticipates **$1.5 to $2.0 billion** in savings for 2025.
– Plans to invest **$3.5 billion** of these savings into network buildup, targeting **4 million locations per year** by the end of 2026.

### Financial Guidance
– For full-year 2025, expects:
– **Consolidated Service Revenue Growth**: Low-single-digit range.
– **Mobility Service Revenue Growth**: 3% or better.
– **Consumer Fiber Broadband Revenue Growth**: Mid-to-high teens.
– **Free Cash Flow**: Low-to-mid **$16 billion** range, factoring in pension funding.

– **Adjusted EPS Guidance**: Expected to be between **$1.97 to $2.07**.

### Dividend Declaration
– The report does not mention any quarterly dividend declaration for this period.

### Outlook
– Reiterates long-term financial outlook expecting:
– Annual consolidated service revenue growth in the low-single-digit range from 2026-2027.
– Adjusted EBITDA growth of **3% or better** from 2026-2027.
– Aiming for double-digit percentage growth in adjusted EPS by 2027.

AT&T continues to fortify its position in a competitive market through strategic investments, effective subscriber growth strategies, and sophisticated service offerings that meet evolving consumer needs.