At&t Inc. · NYSE:T
At&t — Q3 2021 Earnings Presentation
11 slides from At&t's earnings presentation, Oct 21, 2021
Slide 1: AT&T Investor Update: 3rd Quarter Earnings
2021 3RD QUARTER EARNINGS AT&T Investor Update October 21, 2021 © 2021 AT&T Intellectual Property. AT&T, Globe logo, and DIRECTV 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 futu
Slide 3: Business Priorities – Continued Consistent Execution in 3Q21
Business Priorities – Continued Consistent Execution in 3Q21 Grow Customer Effective and Efficient Deliberate Capital Relationships in Everything We Do Allocation ✓ Most postpaid phone net adds in ✓ Increased cost efficiencies ✓ Announced or closed $55B+ in more than 10 years enabled reinvestment in
Slide 4: 3Q21 Financial Results
2021 3RD QUARTER EARNINGS 3Q21 Financial Results 4 October 21, 2021 / © 2021 AT&T Intellectual Property - AT&T Proprietary
Slide 5: Solid Subscriber Gains in Areas of Market Focus
3Q21 Solid Subscriber Gains in Areas of Market Focus Wireless Fiber HBO Max †1 Postpaid Phone Subscribers Net Adds AT&T Fiber Subscribers Net Adds HBO Max and HBO Subscribers millions thousands millions thousands millions 66.4 67.5 69.4 64.8 65.5 60.6 63.9 63.5 64.2 5.4 5.7 56.9 5.0 5.2 928 4.7 357
Slide 6: 3Q21 Financial Summary
3Q21 Financial Summary $ in billions, except EPS Solid revenue growth on a comparable basis Adjusted EPS Revenues Cash from Ops 3Q21 reported revenues of $39.9B included one month of Adj. OI Margin†2 Revenues Ex U.S. Video †4 U.S. Video impact Free Cash Flow †3 CAPEX U.S. Video $0.87 $42.3 $39.9 $12
Slide 7: Communications Segment
3Q21 Communications Segment $ in billions Revenues EBITDA †2 EBITDA Margin †2 Mobility Strong revenue, EBITDA and subscriber gains $17.9 $19.1 Revenues up 7.0%; service revenues up 4.6% $7.7 $8.0 Strong EBITDA and service margins 43.1% 41.7% 928,000 postpaid phone net adds; 249,000 prepaid phone net
Slide 8: WarnerMedia Segment
3Q21 WarnerMedia Segment $ in billions Revenues EBITDA †2 EBITDA Margin †2 WarnerMedia Strong subscription growth offset sports timing impacts on advertising WarnerMedia revenues up ~14% driven by strong DTC subscription growth and content licensing $8.4 $7.4 3Q21 includes ~$200M in DIRECTV advertis
Slide 9: Q&A
2021 1ST QUARTER EARNINGS 3RD QUARTER EARNINGS Q&A 9 October 21, 2021 / © 2021 AT&T Intellectual Property - AT&T Proprietary
Slide 10: Notes
Notes 1. Global 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 ha
Slide 11: AT&T
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