週一，美國電話電報公司（AT&T Inc, NYSE:T）公佈其2024年第四季度營業收入爲323億美元，同比增長0.9%，超出分析師普遍預期的320.4億美元。調整後的每股收益（EPS）爲0.54美元，高於預期的0.50美元。 財報發佈後，股價上漲。業績反映了在獲得和保留盈利的5G和光纖用戶方面的勢頭。 AT&T新增了48.2萬預付費手機用戶（去年同期爲52.6萬），預付費手機流失率爲0.85%（去年同期爲0.84%）。 消費者有線業務部門新增了30.7萬AT&T光纖用戶。 公司報告新增15.8萬AT&T互聯網航空用戶。 AT&T調整後的息稅折舊攤銷前利潤（EBITDA）爲108億美元，高於去年的106億美元。資本開支爲68億美元。 淨收入爲44億美元，而去年同期爲26億美元。 公司產生的運營現金流爲119億美元（去年同期爲114億美元），自由現金流爲48億美元（去年爲64億美元）。 預付費用戶流失率爲2.73%，低於去年同期的2.97%。僅後付費手機的平均每用戶月收入（ARPU）爲56.72美元，同比增長0.9%。 營業收入爲51.3億美元，與去年同期持平。 移動業務部門的營業收入同比下降1.4%至61億美元，利潤率爲26.5%，低於去年同期的27.7%。 商業有線業務部門的營業利潤率爲-4.6%，而去年同期爲3.3%。消費者有線業務部門的營業利潤率爲8.0%，去年同期爲6.8%。 2025年展望：AT&T預計合併服務收入將以低個位數增長，移動服務收入增長將在2%-3%的高位，消費者光纖寬帶收入增長將在中兩位數範圍，調整後的每股收益爲1.97美元至2.07美元，而預期爲2.18美元。 公司維持全年調整後的息稅折舊攤銷前利潤增長3%或更高，全年自由現金流（不包括DIRECTV）爲160億美元以上。 在過去12個月中，AT&T股票上漲了32%。 價格動態：截至週一盤前，AT&T股票上漲2.38%，報23.26美元。 另請閱讀： - 博通公司爲Solidigm的高容量SSD提供支持，成爲AI和數據密集型增長的關鍵驅動力 圖片來源：Shutterstock

以上內容來自Benzinga Earnings專欄，原文如下：

On Monday, AT&T Inc (NYSE:T) reported fourth-quarter 2024 operating revenues of $32.30 billion, up by 0.9% year over year. It beat the analyst consensus estimate of $32.04 billion. Adjusted EPS of $0.54 beat the estimate of $0.50.

The stock gained after the print. The performance reflected momentum in gaining and retaining profitable 5G and fiber subscribers.

Also Read: Verizon Q4 Earnings: Revenue Beat, 1 Million Mobile And Broadband Subscriber Adds, Business Segment Margin Expands

AT&T's 482 thousand postpaid phone net adds (versus 526 thousand a year ago) with postpaid phone churn of 0.85% (versus 0.84% a year ago).

The Consumer Wireline segment had 307 thousand AT&T Fiber net adds.

The company reported 158 thousand AT&T Internet Air net adds.

AT&T's adjusted EBITDA of $10.8 billion was up from $10.6 billion a year ago. It spent $6.8 billion on Capex.

Net income was $4.4 billion versus $2.6 billion in the year-ago quarter.

The company generated $11.9 billion in operating cash flow (up from $11.4 billion in the year-ago quarter) and $4.8 billion in free cash flow (down from 6.4 billion last year).

Prepaid churn was 2.73% compared to 2.97% in the year-ago quarter. Postpaid phone-only ARPU was $56.72, up 0.9% compared to the year-ago quarter.

Operating Income: Operating income was $5.13 billion, consistent with the year-ago quarter.

The mobility segment's operating income declined 1.4% year over year to $6.1 billion, with a margin of 26.5% compared to 27.7% in the year-ago quarter.

The Business Wireline segment operating margin was (4.6)% compared to 3.3% in the year-ago quarter. The Consumer Wireline segment operating margin was 8.0% compared to 6.8% in the year-ago quarter.

FY25 Outlook: AT&T projected consolidated service revenue growth in the low-single-digit range, Mobility service revenue growth in the higher end of 2%-3%, Consumer fiber broadband revenue growth in the mid-teens, and adjusted EPS of $1.97 – $2.07 versus the $2.18 consensus.

It maintained full-year adjusted EBITDA growth of 3% or better and full-year free cash flow, excluding DIRECTV, of $16 billion+.

AT&T stock surged 32% in the last 12 months.

Price Action: T stock is up 2.38% at $23.26 in the premarket at the last check on Monday.

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