New AT&T Phone Contracts Dive In 1Q
NEW YORK -- AT&T subscribers are still buying iPhones, but with Verizon now selling the phone too, it seems to have lost its power to draw new subscribers to AT&T.
AT&T, the country's largest telecommunications company, reported Wednesday the addition of 62,000 net new subscribers on contract-based plans in the first quarter, a record low. A year ago, the figure was 512,000.
Net income rose 39 percent to $3.41 billion, or 57 cents per share, for the January-March period. That's up from $2.45 billion, or 42 cents per share, a year ago.
The eaings matched the average estimate of analysts polled by FactSet.
Revenue was $31.2 billion, up 2.3 percent from a year ago. That also matched analysts' expectations.
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Mike Gallagher
Mike Gallagher is a Georgia-based freelance journalist covering local news, community developments, and regional issues that matter most to residents across the state. Writing for Georgianewsday.com since 2016, Mike has built a reputation for clear, balanced reporting and a strong connection to the communities he serves. His work spans city council decisions, school board updates, small business features, public safety reports, and statewide policy changes. In addition to local coverage, Mike occasionally reports on state politics and national headlines, offering readers context on how broader decisions impact Georgia communities. Known for his steady, fact-driven approach, Mike prioritizes accuracy, fairness, and accessibility in every story. Whether covering a town hall meeting or breaking political developments, he aims to inform readers with clarity and integrity. Outside the newsroom, Mike remains actively engaged in Georgia’s civic landscape, always seeking the next story that shapes the state’s future.
