AT&T jumps on strong 5G and fiber growth

AT&T stock is up 7% on strong Q4 2024 earnings, driven by strong 5G and fiber subscriptions.

The company reported revenue of $32.3 billion, just outperforming the $32.04 billion forecasted. Adjusted earnings per share came in at $0.54, beating the $0.50 analysts predicted. Year over year, net income jumped 69% to $4.4 billion for the quarter, from $2.6 billion in Q4 2023.

AT&T saw 482,000 postpaid phone net additions (new monthly subscriptions, fewer lost customers) for the quarter. Mobility service revenue was up 3.3% year over year to $16.6 billion for the quarter.

And 307,000 new fiber customers helped push consumer broadband revenues to $2.9 billion for the quarter, up 7.8% year over year.

AT&T CEO John Stankey said:

“We ended 2024 with strong momentum. Customers and shareholders can look forward to receiving even more value in 2025 as we expand the country’s largest fiber network, modernize our wireless network, grow our business and begin share repurchases in the second half of the year.”