AT&T reported Q1 sales of $30 billion, down marginally by 0.4% on the same period a year earlier.

In detail, Mobility was virtually stable (+0.1%), while Business Wireline was down 7.8% and Consumer Wireline up 4.3%.

Adjusted EBITDA was $11 billion, up 4.3%

Net income was $3.8 billion versus $4.5 billion twelve months earlier, giving adjusted EPS of $0.55, down 8.3%.

AT&T CEO John Stankey says the company's 'consistent and solid' performance enables him to reaffirm the consolidated financial guidance for the full year.

For fiscal year 2024, AT&T is thus targeting an increase of around 3% in adjusted EBITDA, FCF of between $17 and $8 billion and adjusted EPS of between $2.15 and $2.25.

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