AT&T Inc. reported a total operating revenue of $125.6 billion for the fiscal year ending December 31, 2025, marking a 2.7% increase from $122.3 billion in 2024. The Communications segment, which includes Mobility, Business Wireline, and Consumer Wireline, accounted for approximately 97% of total revenues, generating $120.9 billion, up from $117.7 billion the previous year. The company’s net income surged to $23.4 billion, a 90.9% increase compared to $12.3 billion in 2024, driven by improved operational efficiencies and a significant gain from the sale of its interest in DIRECTV.
In terms of operational metrics, AT&T's Mobility unit served 120 million subscribers as of December 31, 2025, including 91 million postpaid and 18 million prepaid customers. The company added 2.3 million net subscribers during the year, although postpaid churn increased slightly to 1.05%. The Consumer Wireline segment also saw growth, with 10.4 million fiber broadband customers, an increase of 1.1 million from the previous year. Overall, AT&T reported 16 million broadband connections, up from 15.3 million in 2024.
Strategically, AT&T has focused on expanding its fiber and 5G networks, with plans to accelerate fiber deployment through the acquisition of Lumen’s Mass Markets fiber business for $5.75 billion, completed in early 2026. The company also aims to enhance its wireless capabilities by acquiring spectrum licenses from EchoStar for approximately $23 billion, expected to close in early 2026. These acquisitions are part of AT&T's broader strategy to transition from legacy copper networks to more efficient fiber and wireless technologies.
The company’s total debt increased to $136.1 billion from $123.5 billion in 2024, reflecting ongoing investments in network infrastructure and spectrum acquisitions. AT&T maintained a cash balance of $18.2 billion at year-end, significantly up from $3.3 billion in 2024, which positions the company favorably for future investments. Looking ahead, AT&T anticipates continued revenue growth in its wireless and broadband segments, driven by increasing demand for high-speed connectivity and enhanced service offerings. The company expects to manage expenses effectively while investing in growth initiatives, particularly in fiber and 5G deployment, to meet evolving customer needs.
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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