The nation’s third largest carrier reported a very strong first quarter for 2021
In addition to the 595,000 in postpaid phone net additions, AT&T reported 823,000 postpaid net additions and 207,000 prepaid phone net additions. Yes, it was a good quarter for AT&T all around and postpaid phone churn was .76% (down 10 basis points from last year’s .86%). Mobility revenue reached $19 billion during the three months for a gain of 9.4% on an annual basis, service revenues were up .6% to $14 billion and led by higher priced smartphones, equipment revenue soared 45.2% year-over-year to $5 billion.
For the first quarter, the wireless provider announced $6 billion in operating income up 3.7% on an annual basis. Operating income margin weighed in at 31.5% down from a margin of 33.3% during last year’s first quarter.
T-Mobile, which has been on a long roll, is expected to report its first quarter earnings on May 5th. For 28 consecutive quarters T-Mobile has led the industry in wireless postpaid phone net additions. Will the streak continue? We will know in approximately two weeks.
