In our recent episode of The 5G Factor, analysts Ron Westfall and Todd R. Weiss of The Futurum Group share their insights as AT&T delivers solid Q3 2023 financial results.
AT&T Delivers Solid Q3 2023
AT&T’s third quarter 2023 results were positive, showing healthy 5G and fiber subscriber growth as well as notable year-over-year (YoY) increases in service and broadband revenues, which drove higher profitability. AT&T reported revenue of $30.4 billion, up 1% YoY, reflecting higher revenue in its Mobility, Mexico, and Consumer Wireline segments. In the webcast, we analyze why we see AT&T establishing the foundation for durable, long-term growth based on its latest results that show it delivering 468,000 postpaid phone net adds with continued strong ARPU growth and historically low levels of churn. In addition, AT&T’s mobility service revenues were up 3.7%, achieving the company’s best-ever Mobility operating income.
Watch The 5G Factor show here: 5G Factor: CSPs Flashing 5G Prowess
Disclosure: The Futurum Group is a research and advisory firm that engages or has engaged in research, analysis, and advisory services with many technology companies, including those mentioned in this article. The author does not hold any equity positions with any company mentioned in this article.
Analysis and opinions expressed herein are specific to the analyst individually and data and other information that might have been provided for validation, not those of The Futurum Group as a whole.
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Author Information
Ron is an experienced, customer-focused research expert and analyst, with over 20 years of experience in the digital and IT transformation markets, working with businesses to drive consistent revenue and sales growth.
He is a recognized authority at tracking the evolution of and identifying the key disruptive trends within the service enablement ecosystem, including a wide range of topics across software and services, infrastructure, 5G communications, Internet of Things (IoT), Artificial Intelligence (AI), analytics, security, cloud computing, revenue management, and regulatory issues.
Prior to his work with The Futurum Group, Ron worked with GlobalData Technology creating syndicated and custom research across a wide variety of technical fields. His work with Current Analysis focused on the broadband and service provider infrastructure markets.
Ron holds a Master of Arts in Public Policy from University of Nevada — Las Vegas and a Bachelor of Arts in political science/government from William and Mary.
