AT&T (NYSE:T) reports $30B revenue amid booming cash flow

AT&T (NYSE:T) has released its financial results for the first quarter of 2024, maintaining a steady performance with revenues holding at $30 billion, mirroring figures from the previous year.

The Dallas-based telecommunications leader announced a diluted earnings per share (EPS) of $0.47, with an adjusted EPS of $0.55.

The company also reported an operating income of $5.8 billion, an adjusted figure of $6 billion, and a net income of $3.8 billion.

Additionally, the adjusted EBITDA stood at $11 billion.

A notable financial highlight was the significant increase in cash from operating activities, which climbed by $0.9 billion to $7.5 billion.

Free cash flow also saw a substantial rise, surging by $2.1 billion to reach $3.1 billion.

AT&T's CEO, John Stankey, commented on the quarterly achievements, particularly praising the sustained growth in the company’s Mobility and Consumer Wireline divisions, which now account for approximately 80% of total revenues.