2024-01-24 07:23:59 ET
AT&T Inc. celebrated a strong 2023 year financially with the release of their results this afternoon, with its best-ever full-year Mobility operating income, according to the company.
The company said in a statement before markets opened on Wednesday in the United States that:
AT&T Inc. (NYSE: T) delivered strong fourth-quarter and full-year results highlighted by profitable 5G and AT&T Fiber subscriber gains. As a result, the company posted strong operating income and cash from operations, and surpassed its full-year guidance for adjusted EBITDA , mobility service and broadband revenue growth, as well as its previously increased guidance for free cash flow. Solid fourth-quarter results and strong free cash flow close out a strong year”
A closer look at the numbers:
- Q4 cash from operating activities up $1 billion to $11.4 billion, plus Q4 free cash flow of $6.4 billion
- Fourth quarter revenues of $32.0 billion, up 2.2% year over year.
- Full-year free cash flow of $16.8 billion, exceeded previously increased guidance, and up $2.6 billion
versus the prior year. Also, Full-year cash from operating activities of $38.3 billion, up $2.5 billion versus the prior year.
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