At&t Inc. · NYSE:T
At&t — Q4 2024 Earnings Presentation
17 slides from At&t's earnings presentation, Jan 27, 2024
Slide 1: 2024 4th Quarter Earnings
2024 4th Quarter Earnings January 27, 2025 © 2025 AT&T Intellectual Property. AT&T, and globe logo are registered trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks are the property of their respective owners
Slide 2: Cautionary Language Concerning Forward-looking Statements
Cautionary Language Concerning Forward-looking Statements Information set forth in this presentation 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 fut
Slide 3: 2024 Business Priorities
2024 Business Priorities 1 Grow durable 5G and 2 Effective and efficient 3Deliberate capital Fiber relationships in everything we do allocation • Executed consistent and disciplined • Expanded margins with • Invested in growth – Expanded 5G go-to-market strategy with focus on consolidated Adj. EBITD
Slide 4: 5G & Fiber
Postpaid Phone Subscribers Mobility Service Revenues Mobility EBITDA†1 millions $ in billions $ in billions 71.3 72.7 $16.6 $8.9 $16.0 $8.4 +3.3%* +6.1%* $56.23 $56.72 53.7% 52.2% 5G & 4Q23 4Q24 4Q23 4Q24 4Q23 4Q24 Postpaid phone subscribers EBITDA Postpaid phone ARPU EBITDA Service Margin†1 AT&T Fi
Slide 5: 2025 Business Priorities
2025 Business Priorities 1 Grow durable 5G and 2 Effective and efficient 3Deliberate capital Fiber relationships in everything we do allocation • Continue disciplined go-to-market • Expand consolidated Adj. EBITDA • Invest for growth in 5G and fiber with strategy with a focus on putting the margins†
Slide 6: Introducing the AT&T Guarantee
Introducing the AT&T GuaranteeSM It’s talking the talk and walking the walk AT&T is standing by our products and services 6 © 2025 AT&T Intellectual Property. AT&T and globe logo are registered trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies.
Slide 7: 4Q2024 Financial Results
4Q2024 Financial Results 7 © 2025 AT&T Intellectual Property. AT&T and globe logo are registered trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies.
Slide 8: 4Q24 Financial Summary
4Q24 Financial Summary $ in billions, except EPS Service revenue growth from subscriber & ARPU gains Revenues Adjusted EPS†6 Cash from Ops • Revenues of $32.3B Adj. EBITDA†1 Adj. OI Margin†1 Free Cash Flow†4 • Mobility service revenues grew $0.5B, up 3.3% Adj. EBITDA Margin†1 $11.9 $11.4 • Consumer
Slide 9: 2024 Guidance
2024 Guidance Achieved all consolidated financial guidance 2024 Guidance 2024 Result REVENUE GROWTH Mobility Service Revenues 3% range 3.5% ✓ Broadband Revenues 7%+ 7.2% ✓ ADJUSTED EBITDA†1 GROWTH 3% range 3.1% ✓ CAPITAL INVESTMENT†3 $21 to $22B range $22.1B ✓ FREE CASH FLOW†4 $17 to $18B $17.6B ✓ A
Slide 10: 4Q24 Mobility Results
4Q24 Mobility Results Revenues EBITDA †1 EBITDA Margin †1 Mobility Strong service revenue and EBITDA†1 growth from high-quality, durable subscribers $ in billions $22.4 $23.1 • Wireless service revenues grew $0.5B, up 3.3%; up 3.5% for FY 2024 • Postpaid phone ARPU of $56.72, up 0.9% $8.9 $8.4 • EBI
Slide 11: 4Q24 Consumer Wireline Results
4Q24 Consumer Wireline Results Revenues EBITDA †1 EBITDA Margin †1 Consumer Wireline $ in billions Revenue and EBITDA†1 growth driven by fiber, with fiber revenues up ~18% $3.4 $3.5 • Broadband revenues grew 7.8%, up 7.2% for FY 2024 • Fiber ARPU of $71.71, up 4.7% $1.1 $1.2 • Total broadband net ad
Slide 12: 4Q24 Business Wireline Results
4Q24 Business Wireline Results Revenues EBITDA †1 EBITDA Margin †1 Business Wireline $ in billions Business Wireline results reflect accelerated product transition • Continued transition of legacy wireline services, with ongoing declines in legacy voice and data revenues $5.1 $4.5 • EBITDA†1 trends
Slide 13: 4Q24 Capital Allocation Update
4Q24 Capital Allocation Update Capital Investment†3 Investing for growth $ in billions $7.1 • Capital Investment†3 of $7.1B, with higher capital expenditures and lower vendor financing payments $1.0 $5.6 $0.2 • 2024 Capital Investment†3 of $22.1B $1.0 Strengthening balance sheet $4.6 $6.8 • Reduced
Slide 14: 2025 Financial Guidance
2025 Financial Guidance 2025 Guidance REVENUE GROWTH Consolidated Service Revenues low-single-digit range Mobility Service Revenues higher end of 2% to 3% range Consumer Fiber Broadband Revenues mid-teens % ADJUSTED EBITDA†1,2 GROWTH 3% or better CAPITAL INVESTMENT†3 $22B range FREE CASH FLOW†5 $16B
Slide 15: Q&A
Q&A 15 © 2025 AT&T Intellectual Property. AT&T and globe logo are registered trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies.
Slide 16: Notes
Notes 1. EBITDA, EBITDA margin, EBITDA service margin, adjusted EBITDA, adjusted EBITDA margin and adjusted operating income margin are non-GAAP financial measures that are frequently used by investors and credit rating agencies to provide relevant and useful information. Adjusted EBITDA margin is a
Slide 17: SS AT&T
SS AT&T