AT&T First Quarter 2013 Earnings Mostly as Expected

By Gary Kim April 24, 2013

AT&T first quarter 2013 earnings were at levels that most telcos, given current global conditions, would have been happy to report. To wit, earnings per share were up, even if consolidated revenues were down, year over year.

AT&T earned $0.67 per share compared to $0.60 earned in the first quarter of 2012, up 8.5 percent after adjustments. But some analysts had expected slightly higher earnings.

Other major telcos are facing headwinds stronger than AT&T. France Telecom revenues might actually drop in 2013. Telefonica had earnings issues most of 2012, as well, for example. But even AT&T’s consolidated revenues of $31.4 billion were down 1.5 percent compared to the same quarter of 2012.

Wireless drove overall gains, as has been the pattern for AT&T for a few years. Total wireless revenues, which include equipment sales, were up 3.4 percent year over year to $16.7 billion.

Wireless service revenues increased 3.4 percent in the first quarter, to $15.1 billion. Wireless data revenues also increased 21 percent from the year-earlier quarter to $5.1 billion.

As you might expect, total first-quarter wireline revenues were $14.7 billion, down 1.8 percent versus the year-earlier quarter and down 1.8 percent sequentially.

AT&T reported wireline consumer revenue growth of two percent compared to the same period of 2012, with total U-verse revenues (including business revenue) up 31.5 percent year over year.

AT&T reported 8.7 million total U-verse subscribers (TV and high speed Internet) in service, adding 731,000 high speed Internet subscribers, the best-ever quarterly gain.

AT&T also gained 232,000 U-verse TV subscribers, the strongest growth in nine quarters.

Total wireline broadband data average revenue per user was up more than nine percent year over year.

Total business revenues were $8.9 billion, down 3.4 percent versus the year-earlier quarter, and business service revenues declined 3.5 percent year over year. That softness in the business segment likewise is consistent with trends of the past several years.

Edited by Rich Steeves

Contributing Editor

Related Articles

Consumer Privacy in the Digital Era: Three Trends to Watch

By: Special Guest    1/18/2018

Digital advertising has exploded in recent years, with the latest eMarketer data forecasting $83 billion in revenue this year and continued growth on …

Read More

CES 2018: Terabit Fiber - Closer Than We Think

By: Doug Mohney    1/17/2018

One of the biggest challenges for 5G and last mile 10 Gig deployments is not raw data speeds, but middle mile and core networks. The wireless industry…

Read More

10 Benefits of Drone-Based Asset Inspections

By: Frank Segarra    1/15/2018

Although a new and emerging technology, (which is still evolving), in early 2018, most companies are not aware of the possible benefits they can achie…

Read More

VR Could Change Entertainment Forever

By: Special Guest    1/11/2018

VR could change everything from how we play video games to how we interact with our friends and family. VR has the power to change how we consume all …

Read More

Making Connections - The Value of Data Correlation

By: Special Guest    1/5/2018

The app economy is upon us, and businesses of all stripes are moving to address it. In this age of digital transformation, businesses rely on applicat…

Read More