European Investor
22 Oct 2025, 15:56
AT&T Inc. (NYSE: T) reported strong third-quarter 2025 results, driven by solid growth in wireless and fiber operations. Revenue reached $30.7 billion, while diluted EPS rose to $1.29, reflecting a gain from the sale of its DIRECTV stake, compared with a $0.03 loss a year earlier. Adjusted EPS held steady at $0.54.
Operating income was $6.1 billion and adjusted operating income totaled $6.6 billion. Net income climbed to $9.7 billion, with adjusted EBITDA at $11.9 billion. Operating cash flow was $10.2 billion, and free cash flow rose to $4.9 billion from $4.6 billion a year earlier.
AT&T’s wireless service revenues grew 2.3% year over year to $16.9 billion, supported by 405,000 postpaid phone net adds and low churn of 0.92%. The company added 288,000 AT&T Fiber and 270,000 AT&T Internet Air customers, driving consumer fiber broadband revenues up 16.8% to $2.2 billion.
AT&T repurchased $1.5 billion in shares during the quarter (totaling $2.4 billion year-to-date), completed the sale of its remaining 70% stake in DIRECTV, and announced the $23 billion acquisition of spectrum from EchoStar, expanding low- and mid-band coverage across the U.S.
CEO John Stankey said the results underscore AT&T’s “investment-led convergence strategy,” positioning the company to meet its 2025 financial guidance while maintaining leadership in wireless and fiber connectivity.
Operating income was $6.1 billion and adjusted operating income totaled $6.6 billion. Net income climbed to $9.7 billion, with adjusted EBITDA at $11.9 billion. Operating cash flow was $10.2 billion, and free cash flow rose to $4.9 billion from $4.6 billion a year earlier.
AT&T’s wireless service revenues grew 2.3% year over year to $16.9 billion, supported by 405,000 postpaid phone net adds and low churn of 0.92%. The company added 288,000 AT&T Fiber and 270,000 AT&T Internet Air customers, driving consumer fiber broadband revenues up 16.8% to $2.2 billion.
AT&T repurchased $1.5 billion in shares during the quarter (totaling $2.4 billion year-to-date), completed the sale of its remaining 70% stake in DIRECTV, and announced the $23 billion acquisition of spectrum from EchoStar, expanding low- and mid-band coverage across the U.S.
CEO John Stankey said the results underscore AT&T’s “investment-led convergence strategy,” positioning the company to meet its 2025 financial guidance while maintaining leadership in wireless and fiber connectivity.