Telecom and technology services company AT&T Inc. (T) reported mixed fiscal 2023 first-quarter results. The company’s operating revenues were $30.14 billion, up 1.4% year-over-year. This increase is primarily driven by higher Mobility, Mexico, and Consumer Wireline revenues, partly offset by lower Business Wireline revenues.
Moreover, T showcased consistent 5G and fiber customer additions. The company reported 424,000 postpaid phone net adds during the first quarter and 11 straight quarters with more than 400,000 net adds with continued low postpaid phone churn. In addition, its first-quarter AT&T Fiber net adds were 272,000 and, notably, 13 consecutive quarters with more than 200,000 net adds.
