AT&T Inc. reported its financial results for the second quarter and first half of 2025, showing a total operating revenue of $30.8 billion for the quarter, a 3.5% increase from $29.8 billion in the same period last year. For the first six months, revenues reached $61.5 billion, up 2.8% from $59.8 billion in 2024. The company's net income for the second quarter was $4.9 billion, a 23.1% increase compared to $3.9 billion in the prior year, while net income attributable to common stock rose to $4.5 billion from $3.6 billion, resulting in a basic earnings per share of $0.62, up from $0.49.
The growth in revenue was primarily driven by increased service revenues in the Mobility and Consumer Wireline segments, which offset declines in the Business Wireline and Latin America segments. Equipment sales also saw a significant increase, with revenues rising by 15.9% in the second quarter compared to the previous year. Operating income for the second quarter was reported at $6.5 billion, reflecting a 12.9% increase from $5.8 billion in 2024, with an operating income margin improvement from 19.3% to 21.1%.
Strategically, AT&T has been active in its market positioning, including the announcement of a pending acquisition of Lumen's mass markets fiber business for $5.75 billion, expected to close in the first half of 2026. The company also completed the sale of its interest in DIRECTV to TPG Capital on July 2, 2025, which is anticipated to generate a significant gain. Additionally, AT&T has initiated a stock repurchase program, having repurchased approximately 34 million shares for $958 million in the first half of 2025.
Operationally, AT&T reported a total of 118.2 million Mobility subscribers as of June 30, 2025, marking a 2.4% increase year-over-year. The company also noted a 3.1% increase in broadband connections, with fiber broadband connections growing by 11.8%. However, the Business Wireline segment continues to face challenges, with a 9.3% decline in operating revenues due to reduced demand for legacy services.
Looking ahead, AT&T anticipates continued growth driven by its strategic initiatives and investments in fiber and wireless technologies. The company expects to maintain its focus on improving customer experience and operational efficiencies, while navigating the competitive landscape and regulatory environment. The recent enactment of the One Big Beautiful Bill Act is not expected to materially impact AT&T's income tax expense but may influence cash taxes paid.
About AT&T INC.
AT&T Inc. is a leading telecommunications and technology services provider offering wireless, wireline, and broadband connectivity primarily in the U.S. and Mexico. Its core business includes nationwide wireless services, fiber-based broadband, fixed wireless access, and advanced business connectivity solutions. AT&T leverages integrated networks combining 5G and fiber technologies to serve consumers, businesses, and public safety customers, emphasizing scalable, software-defined infrastructure and extensive spectrum assets.
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