周一，美国电话电报公司（AT&T Inc, NYSE:T）公布其2024年第四季度营业收入为323亿美元，同比增长0.9%，超出分析师普遍预期的320.4亿美元。调整后的每股收益（EPS）为0.54美元，高于预期的0.50美元。
财报发布后，股价上涨。业绩反映了在获得和保留盈利的5G和光纤用户方面的势头。
AT&T新增了48.2万预付费手机用户（去年同期为52.6万），预付费手机流失率为0.85%（去年同期为0.84%）。
消费者有线业务部门新增了30.7万AT&T光纤用户。
公司报告新增15.8万AT&T互联网航空用户。
AT&T调整后的息税折旧摊销前利润（EBITDA）为108亿美元，高于去年的106亿美元。资本开支为68亿美元。
净收入为44亿美元，而去年同期为26亿美元。
公司产生的运营现金流为119亿美元（去年同期为114亿美元），自由现金流为48亿美元（去年为64亿美元）。
预付费用户流失率为2.73%，低于去年同期的2.97%。仅后付费手机的平均每用户月收入（ARPU）为56.72美元，同比增长0.9%。
营业收入为51.3亿美元，与去年同期持平。
移动业务部门的营业收入同比下降1.4%至61亿美元，利润率为26.5%，低于去年同期的27.7%。
商业有线业务部门的营业利润率为-4.6%，而去年同期为3.3%。消费者有线业务部门的营业利润率为8.0%，去年同期为6.8%。
2025年展望：AT&T预计合并服务收入将以低个位数增长，移动服务收入增长将在2%-3%的高位，消费者光纤宽带收入增长将在中两位数范围，调整后的每股收益为1.97美元至2.07美元，而预期为2.18美元。
公司维持全年调整后的息税折旧摊销前利润增长3%或更高，全年自由现金流（不包括DIRECTV）为160亿美元以上。
在过去12个月中，AT&T股票上涨了32%。
价格动态：截至周一盘前，AT&T股票上涨2.38%，报23.26美元。
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以上内容来自Benzinga Earnings专栏，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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