AT&T CFO to Update Shareholders at Citi’s AppsEconomy Conference
January 05 2022 - 6:50AM
Business Wire
Pascal Desroches, senior executive vice president and chief
financial officer, AT&T Inc.* (NYSE:T), will provide an update
to shareholders at Citi’s AppsEconomy Conference today at 10 a.m.
ET. Ahead of his appearance, the company is providing select
fourth-quarter subscriber results as it continues to deliver on its
strategic objective to grow customer relationships across wireless,
fiber and HBO Max:
- For the fourth quarter of 2021, AT&T delivered total
postpaid net adds of 1.3 million, including approximately 880,000
postpaid phones.
- For the full-year 2021, postpaid phone net adds were 3.2
million, AT&T’s highest annual postpaid phone net adds in more
than a decade as the company continues to benefit from strong
network performance and its disciplined and consistent go-to-market
strategy.
- AT&T added approximately 270,000 fiber subscribers for the
quarter. Full-year 2021 fiber net adds totaled about 1.0 million,
the fourth consecutive year in which the company has added 1
million or more fiber subscribers. AT&T ended the year with an
additional 2.6 million fiber customer locations, compared to its
prior expectation of about 2.5 million.
- AT&T ended the year with approximately 73.8 million total
global HBO Max and HBO subscribers, ahead of management’s prior
guidance that end-of-year subscribers would be at the high end of
its 70 million to 73 million subscriber target.1
Desroches will discuss these results when he speaks today. The
webcast will be available live and for replay at AT&T Investor
Relations. Viewers should start the webcast a few minutes before
the planned start time in case the conference schedule changes.
*About AT&T
AT&T Inc. (NYSE:T) is a diversified, global leader in
telecommunications, media and entertainment, and technology.
AT&T Communications provides more than 100 million U.S.
consumers with entertainment and communications experiences across
mobile and broadband. Plus, it serves high-speed, highly secure
connectivity and smart solutions to nearly 3 million business
customers. WarnerMedia is a leading media and entertainment company
that creates and distributes premium and popular content to global
audiences through its consumer brands, including: HBO, HBO Max,
Warner Bros., TNT, TBS, truTV, CNN, DC Entertainment, New Line,
Cartoon Network, Adult Swim and Turner Classic Movies. AT&T
Latin America provides wireless services to consumers and
businesses in Mexico.
AT&T products and services are provided or offered by
subsidiaries and affiliates of AT&T Inc. under the AT&T
brand and not by AT&T Inc. Additional information is available
at about.att.com. © 2022 AT&T Intellectual Property. All rights
reserved. AT&T, the Globe logo and other marks are trademarks
and service marks of AT&T Intellectual Property and/or AT&T
affiliated companies. All other marks contained herein are the
property of their respective owners.
Cautionary Language Concerning Forward-Looking
Statements
Information set forth in this news release contains financial
estimates and other forward-looking statements that are subject to
risks and uncertainties, and actual results might differ
materially. A discussion of factors that may affect future results
is contained in AT&T’s filings with the Securities and Exchange
Commission. AT&T disclaims any obligation to update and revise
statements contained in this news release based on new information
or otherwise.
This news release may contain certain non-GAAP financial
measures. Reconciliations between the non-GAAP financial measures
and the GAAP financial measures are available on the company’s
website at https://investors.att.com.
1Global HBO Max and HBO subscribers consist of domestic and
international HBO Max and HBO subscribers, and exclude free trials,
basic and Cinemax subscribers. Domestic HBO Max and HBO subscribers
consist of U.S. accounts with access to HBO Max (including
wholesale subscribers that may not have signed in) and HBO
accounts, and exclude free trials and Cinemax subscribers.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220104006080/en/
Fletcher Cook AT&T Inc. Phone: (214) 912-8541 Email:
fletcher.cook@att.com
Daphne Avila AT&T Corporate Communications Phone: (972)
266-3866 Email: daphne.avila@att.com
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