Q3 25 EPS
$0.54
BEAT +0.45%
Est. $0.54
Q3 25 Revenue
$30.71B
MISS 0.57%
Est. $30.89B
vs S&P Since Q3 25
-3.2%
TRAILING MARKET
T +4.7% vs S&P +7.9%
Market Reaction
Did T Beat Earnings? Q3 2025 Results
AT&T posted a mixed but broadly solid Q3 2025, with adjusted EPS of $0.54 edging past the $0.54 consensus by 0.45%, while total revenues of $30.71 billion came in just 0.57% below expectations despite growing 1.6% year over year. The clearest engine … Read more AT&T posted a mixed but broadly solid Q3 2025, with adjusted EPS of $0.54 edging past the $0.54 consensus by 0.45%, while total revenues of $30.71 billion came in just 0.57% below expectations despite growing 1.6% year over year. The clearest engine behind the quarter was AT&T's converged connectivity strategy, with fiber broadband revenue surging 16.8% and 288,000 new AT&T Fiber net adds, while wireless added 405,000 postpaid phone net subscribers, now with over 41% of fiber households also holding AT&T Mobility subscriptions. Adjusted EBITDA climbed to $11.86 billion from $11.59 billion a year ago, and free cash flow improved to $4.90 billion from $4.60 billion. Looking ahead, AT&T reiterated full-year 2025 guidance with adjusted EPS expected at the higher end of the $1.97–$2.07 range and free cash flow in the low-to-mid $16 billion range, while targeting double-digit adjusted EPS growth by 2027 as its pending EchoStar spectrum acquisition positions the company for longer-term network expansion.
Key Takeaways
- • Converged connectivity strategy with over 41% of AT&T Fiber households also choosing AT&T Mobility
- • 405,000 postpaid phone net adds with 0.92% postpaid phone churn
- • Mobility service revenue growth of 2.3% year over year
- • Consumer fiber broadband revenue growth of 16.8% year over year
- • 288,000 AT&T Fiber net adds and 270,000 AT&T Internet Air net adds
- • Continued transformation initiatives lowering operating expenses
- • $5.5 billion gain on sale of DIRECTV investment boosting GAAP net income
T YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
T Revenue by Segment
With YoY comparisons, source: SEC Filings
T Revenue by Geography
Regional revenue distribution
“We have the key building blocks in place to give our customers the best connectivity experience in the industry and we're winning the race to lead in convergence.”
— John Stankey, Q3 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% |