Mobility and WarnerMedia were the stars of AT&T Q1
22 APR 2021
AT&T maintained earnings guidance for the year after an opening quarter in which its Mobility and WarnerMedia units proved highlights.
On an earnings call, the US operator credited higher equipment sales for a rise in revenue at its Mobility unit, up 9.4 per cent year-on-year to $19 billion, while subscription growth fuelled by its HBO and HBO Max services contributed to a 9.8 per cent increase for WarnerMedia to $8.5 billion.
AT&T highlighted ongoing efforts to reduce its debt levels, with management stating it would continue to shed select assets as part of its strategy.