AT&T Inc. (T) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to AT&T's first quarter 2025 earnings call. At this time, all participants are in a listen-only mode. Should you need assistance during the call, please press star then zero and an operator will assist you offline. Following the presentation, the call will be open for questions. If you would like to ask a question, please press star then one and you will be placed in the question queue. If you are in the question queue and would like to withdraw your question, you can do so by pressing star then two. And as a reminder, this conference is being recorded. I would now like to turn the conference call over to our host, Brett Feldman, Senior Vice President, Finance and Investor Relations. Please go ahead. Thank you, and good morning. Welcome to our first quarter call. I'm Brett Feldman, head of investor relations for AT&T. Joining me on the call today are John Stankey, our chairman and CEO, and Pascal DeRoche, our CFO. Before we begin, I need to call your attention to our safe harbor statement. It says that some of our comments today may be forward-looking. As such, they're subject to risks and uncertainties described in AT&T's SEC filings. Results may differ materially. Additional information, as well as our earnings materials, are available on the Investor Relations website. With that, I will turn the call over to John Stanky. John? Thanks, Brad. I appreciate everyone joining us this morning, and I'm pleased to share that we followed a strong performance in 2024 with a solid start to 2025. In the first quarter, we reported growth in consolidated service revenue and adjusted EBITDA, driven by strong postpaid phone and fiber net ads. We also grew adjusted EPS and free cash flow when excluding DirecTV, with both metrics performing consistent with t...