Q4 2024 Telco Earnings At-A-Glance

Highlights from Q4 2024 earnings reports from AT&T, Verizon, and T-Mobile

AT&T

• AT&T reported 32.3 billion in revenues, just under a 1% increase year over year, and 122.3 billion for the year, down .1% from 2023.
• For Q4, 482,000 net new postpaid phone additions, 307,000 new fiber subscribers, and 158,000 fixed wireless additions.
• The company also reported strong convergence with fiber and mobile converged customers, as well as reporting copper network shutdowns that will continue through 2029.

Verizon

• Verizon reported 35.7 billion in operating revenue for Q4, up 1.6% and 134.8 billion for the year, up .6% from 2023.
• 568,000 net new postpaid phone additions, 51,000 Fios fiber and adding fixed wireless a grand total of 408,000 new broadband additions in q4.
• Verizon mentioned its AI product, AI Connect, is intended to provide AI workloads for business customers, and the company said they’re seeing increasing demand for their AI offerings.

T-Mobile

• T-Mobile reported 21.87 billion in Q4 revenue, a 6.8% increase year over year, 81.4 billion for the year, up 3.6% from 2023.
• For Q4, 903,000 net new postpaid customer additions.
• The company also talked up AI, as well as 5G network slicing and its Starlink partnership.