What does AT&T make money from? (2024)

What does AT&T make money from?

What Does AT&T Offer? AT&T is a leading provider of telecommunications and media services. The company derives a bulk of its revenues from its Communications business, which includes its wireless phone business, broadband, and pay TV operations.

How does AT&T make most of its money?

AT&T offers telecommunications, media, and technology services. Its communications segment generates most of its revenue and profits. AT&T has been divesting its entertainment businesses to focus on its core telecom operations.

What is the main business of AT&T?

AT&T Inc (AT&T) is a provider of telecommunications, media, and technology services.

Is AT&T profitable?

Fourth quarter operating income of $5.3 billion, with adjusted operating income* of $5.8 billion; Full-year operating income of $23.5 billion, with adjusted operating income* of $24.7 billion, up 5.0% year over year.

What is the gross profit of AT&T?

AT&T annual gross profit for 2023 was $72.305B, a 3.45% increase from 2022. AT&T annual gross profit for 2022 was $69.893B, a 5.08% decline from 2021. AT&T annual gross profit for 2021 was $73.631B, a 4.87% decline from 2020.

Is AT&T in financial trouble?

AT&T remains on track to achieve its financial guidance.

The company is on track to reduce net debt and to achieve net-debt to adjusted EBITDA in the 2.5x range in the first half of 2025.

Who funds AT&T?

The top shareholders of AT&T are Randall L. Stephenson, John J. Stephens, William A. Blase, Vanguard Group Inc., BlackRock Inc.

What carrier owns AT&T?

Originally known as Cingular Wireless (a joint venture between SBC Communications and BellSouth) from 2000 to 2007, the company acquired the old AT&T Wireless in 2004; SBC later acquired the original AT&T and adopted its name.

Who owns most of AT&T?

The ownership structure of AT&T (T) stock is a mix of institutional, retail and individual investors. Approximately 44.83% of the company's stock is owned by Institutional Investors, 0.28% is owned by Insiders and 54.89% is owned by Public Companies and Individual Investors.

Who are the top owners of AT&T?

Is AT&T the richest company?

As of 2023, AT&T was ranked 13th on the Fortune 500 rankings of the largest United States corporations, with revenues of $120.7 billion. AT&T Inc. U.S.

Why is AT&T stock dropping?

AT&T reported fiscal fourth-quarter earnings below Wall Street expectations, but revenue came in above the consensus and the company added more customers than had been forecast.

Is AT&T still a good stock to own?

Deciding on AT&T stock

And we will do what is in the most and best interest of the shareholder." Given the company's current momentum, solid leadership under John Stankey, and attractive dividend with a robust 6% yield despite the cut in 2022, AT&T stock looks like a buy for 2024.

How much does the CEO of AT&T make?

Executive Compensation

As CEO at AT&T INC., J. Stankey made $21,651,207 in total compensation. Of this total $2,400,000 was received as a salary, $5,320,000 was received as a bonus, $0 was received in stock options, $13,499,988 was awarded as stock and $431,219 came from other types of compensation.

What is the net debt of AT&T?

Net Debt of $132.2 billion at December 31, 2022 is calculated as Total Debt of $135.9 billion less Cash and Cash Equivalents of $3.7 billion. Adjusted EBITDA was $43.4 billion for 2023 and $41.5 billion for 2022. 2.

What is AT&T's debt ratio?

AT&T has a total shareholder equity of $119.4B and total debt of $138.3B, which brings its debt-to-equity ratio to 115.8%. Its total assets and total liabilities are $407.1B and $287.6B respectively. AT&T's EBIT is $26.2B making its interest coverage ratio 3.9. It has cash and short-term investments of $6.8B.

Why is ATT getting sued?

ATLANTA, GA – On April 3, 2024, two plaintiffs filed a class action suit against AT&T on behalf of themselves and 70 million current and former AT&T customers after an immense data breach leaked their names, addresses, phone numbers, Social Security numbers, PINs, and dates of birth.

Is AT&T phasing out?

WASHINGTON, February 26, 2024 – AT&T is looking to abandon its obligation to provide landline telephone service across large swaths of California, which would leave more than 580,000 rural subscribers with more limited options for phone services.

Is AT&T doing well as a company?

Key Takeaways: AT&T is executing well on its sustainable, long-term growth strategy. The company remains on track to meet all of its financial guidance. The company continues to see healthy demand for world-class connectivity through 5G and fiber.

Did T-Mobile buy AT&T?

In a stunning move, AT&T has acquired T-Mobile USA for a whopping $39 billion from Deutsche Telekom. Along with acquiring approximately 8% of AT&T, Deutsche Telekom will also be gaining a seat on AT&T's board of directors.

Does Comcast own AT&T?

Merge with Comcast

In 2002, AT&T went through corporate restructuring. In the middle of November 2002, the deal was finalized and Comcast acquired AT&T Broadband under the name "Comcast Corporation".

Who owns Verizon now?

Which company is bigger AT&T or Verizon?

Verizon: Sales. Since 2007, AT&T has been consistent with reporting higher revenues than Verizon. VZ obtains about three-quarters of its revenue from its Wireless segment, while AT&T's business revenues are more balanced across multiple segments.

Is AT&T bigger than T-Mobile?

T-Mobile is the largest US telco by market cap

Verizon and AT&T were valued at 138.69 and 107.38 billion U.S. dollars respectively.

Who is the largest cell phone carrier?