AT&T Inc. concluded 2024 with solid financial and operational performance, meeting all its consolidated financial guidance and demonstrating growth in key areas like 5G and fiber subscribers. The company's revenues for the year totaled $122.3 billion, with net income of $12.3 billion and free cash flow of $17.6 billion. Mobility service revenues grew by 3.5%, driven by 1.7 million postpaid phone net additions and record-low postpaid phone churn. AT&T Fiber also saw substantial growth, with one million net additions for the seventh consecutive year and consumer broadband revenues increasing by 7.2%. The company continued to invest heavily in network modernization, including fiber and 5G expansions, resulting in a total capital investment of $22.1 billion.

For the fourth quarter of 2024, AT&T reported revenues of $32.3 billion and a net income of $4.4 billion. The Mobility segment performed exceptionally well, with 482,000 postpaid phone net additions and an industry-leading churn rate of 0.85%. Consumer Wireline revenues increased by 3.4% year-over-year, driven by fiber revenue growth of 17.8%. Despite challenges in Business Wireline and Mexico segments, AT&T’s strategic focus on high-growth areas and operational improvements contributed to adjusted EBITDA of $10.8 billion for the quarter. Looking ahead, the company reaffirmed its 2025 financial guidance, expecting continued revenue growth, free cash flow of over $16 billion (excluding DIRECTV), and progress toward achieving a net-debt-to-adjusted EBITDA ratio of 2.5x.