AT&T(US:T)2025-10-31 20:12Revenue Performance - AT&T's total operating revenues for Q3 2025 were $30,709 million, a 1.6% increase from $30,213 million in Q3 2024[104] - The Communications segment generated $29,516 million in operating revenues for Q3 2025, reflecting a 1.5% increase compared to $29,074 million in Q3 2024[115] - Mobility revenues increased by 3.1% to $21,713 million in Q3 2025, while Business Wireline revenues decreased by 7.8% to $4,248 million[115] - Total operating revenues for Q3 2025 reached $21,713 million, a 3.1% increase from $21,052 million in Q3 2024[117] - Service revenues increased by 2.3% to $16,926 million in Q3 2025, while equipment revenues rose by 6.1% to $4,787 million[117] Profitability - Operating income for AT&T in Q3 2025 was $6,119 million, significantly up from $2,116 million in Q3 2024, marking a substantial increase[104] - The net income attributable to AT&T for Q3 2025 was $9,314 million, compared to a net loss of $174 million in Q3 2024[104] - Operating income for Q3 2025 was $7,125 million, reflecting a 1.7% increase compared to $7,003 million in Q3 2024[117] - Operating income margin for the Communications segment decreased from 24.6% in Q3 2024 to 24.0% in Q3 2025[116] Expenses - Total operating expenses decreased by 12.5% to $24,590 million in Q3 2025, down from $28,097 million in Q3 2024[104] - Total operating expenses for Q3 2025 were $14,588 million, up 3.8% from $14,049 million in Q3 2024[117] - Operations and support expenses rose in Q3 2025, mainly due to higher equipment costs and increased advertising expenses[125] Tax and Depreciation - The effective tax rate for Q3 2025 was 9.2%, a significant decrease from 89.9% in the same quarter of the previous year[113] - The company expects lower depreciation expense in Q4 2025 compared to the prior year, as certain legacy assets become fully depreciated[106] Subscriber Metrics - Total mobility subscribers reached 118,982,000 in Q3 2025, a 2.5% increase from 116,066,000 in Q3 2024[119] - Postpaid phone net additions were 405,000 in Q3 2025, a slight increase of 0.5% from 403,000 in Q3 2024[119] - Postpaid churn increased to 1.07% in Q3 2025, up from 0.93% in Q3 2024, driven by increased competition[123] Other Financial Impacts - AT&T's equity in net income of affiliates decreased in Q3 2025 due to the sale of its interest in DIRECTV, impacting overall financial performance[110] - Average revenue per user (ARPU) decreased in Q3 2025 due to promotional activity and a shift towards lower ARPU customer segments[122] - Equipment revenue increased in Q3 2025, primarily due to higher wireless device sales volumes[124]