Q1 25 EPS
$0.51
MISS 1.79%
Est. $0.52
Q1 25 Revenue
$30.63B
BEAT +0.87%
Est. $30.36B
vs S&P Since Q1 25
-35.2%
TRAILING MARKET
T -0.6% vs S&P +34.6%
Market Reaction
Did T Beat Earnings? Q1 2025 Results
AT&T posted a mixed first quarter for 2025, beating on revenue while falling just short on the bottom line, a nuanced result that nonetheless left management confident enough to reaffirm its full-year outlook. The telecom giant reported revenue of $3… Read more AT&T posted a mixed first quarter for 2025, beating on revenue while falling just short on the bottom line, a nuanced result that nonetheless left management confident enough to reaffirm its full-year outlook. The telecom giant reported revenue of $30.63 billion, up 2.0% year over year and ahead of the $30.36 billion consensus estimate, while earnings per share of $0.51 came in slightly below the $0.52 analysts had expected, a 1.79% miss. The real story behind the numbers was the continued momentum in AT&T's 5G and fiber businesses: Mobility service revenue grew 4.1% to $16.65 billion, and AT&T Fiber added 261,000 net subscribers, its 21st consecutive quarter clearing the 200,000 threshold, driving consumer fiber broadband revenue up 19.0%. With net leverage reaching its 2.5x target range, AT&T also announced plans to begin share repurchases in Q2, a signal of growing financial confidence. Investors watching future quarters closely will note the company maintained adjusted EPS guidance of $1.97 to $2.07 for the full year.
Key Takeaways
- • Mobility service revenue growth of 4.1% driven by postpaid phone ARPU growth of 1.8% and subscriber gains
- • 324,000 postpaid phone net adds with low churn of 0.83%
- • Consumer fiber broadband revenue growth of 19.0%
- • 261,000 AT&T Fiber net adds — 21st consecutive quarter with 200,000+ net adds
- • 181,000 AT&T Internet Air net adds
- • Higher equipment revenue from increased wireless device sales volumes
- • Expense reductions from ongoing transformation initiatives and lower network costs including higher vendor settlements
T YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
T Revenue by Segment
With YoY comparisons, source: SEC Filings
T Revenue by Geography
Regional revenue distribution
“Our business fundamentals remain strong, and we are uniquely positioned to win in this dynamic and competitive market.”
— John Stankey, Q1 2025 Earnings Press Release
T Earnings Trends
T vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
T EPS Trend
Earnings per share: estimate vs actual
T Revenue Trend
Quarterly revenue: estimate vs actual
T Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $0.57 | — | $31.51B | — |
| Q4 25 BEAT FY | $0.47 | $0.52 | +10.64% | $33.47B | — |
| FY Full Year | $2.06 | $2.12 | +3.05% | $125.65B | +0.50% |
| Q3 25 BEAT | $0.54 | $0.54 | +0.45% | $30.71B | -0.57% |
| Q2 25 BEAT | $0.53 | $0.54 | +1.89% | $30.85B | +1.27% |
| Q1 25 MISS | $0.52 | $0.51 | -1.79% | $30.63B | +0.87% |