DISCK - AT&T issues 2023 guidance as it sets up key Investor Day for Discovery deal

AT&T (NYSE:T) has set a roadmap for growth following a media merger with Discovery (NASDAQ:DISCA) in comments released ahead of today's Investor Day presentations - including guidance toward free cash flow in the $20 billion range in 2023. With the close of the deal (and the creation of Warner Bros. Discovery) approaching, they're "near the starting line of a new era for AT&T," CEO John Stankey says. And that means ramping up investment in 5G and fiber: “The transformation we’ve undergone over the past 18 months while delivering outstanding operational results has brought us to this point. We will be a simpler, more focused company with the intent to become America’s best broadband provider." Along the way the company reiterated its guidance for 2022 and opened up guidance for 2023. This year, the company's expecting revenue growth in the low single digits from $118.2 billion (pro forma) in 2021 -

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AT&T issues 2023 guidance as it sets up key Investor Day for Discovery deal