AT&T reveals growth in postpaid users, fiber broadband, and HBO Max

AT&T has revealed the growth in subscriber-base in postpaid phone users, fiber broadband, and HBO Max global subscribers.
AT&T performance in Q3 2021AT&T has added 928,000 new postpaid phone subscribers in Q3 2021 vs 645,000 in Q3 2020.

Rival carrier Verizon added 429,000 subscribers in its latest quarter.

Total global subscribers for AT&T’s premium TV channel HBO and streaming service HBO Max grew by 1.9 million from the previous quarter to 69.4 million, as viewers flocked to watch television shows like White Lotus and superhero movie The Suicide Squad.

Revenue for WarnerMedia was $8.4 billion during the quarter.

In May, AT&T announced it would spin off its media assets in a $43 billion deal with Discovery, marking the end of its goal to become an entertainment powerhouse.

AT&T added 289,000 fiber customers in Q3 2021 vs 357,000 in Q3 2020.

AT&T’s revenue was $39.9 billion in the third quarter.

AT&T had a debt pile of $179.2 billion as of Sept. 30. The total Capex reached $4.7 billion in Q3 2021.

John Stankey, AT&T CEO, said: “We had our best postpaid phone net add quarter in more than 10 years, our fiber broadband net adds increased sequentially, and HBO Max global subscribers neared 70 million. We also have clear line of sight on reaching the halfway mark by the end of the year of our $6 billion cost-savings goal.”