AT&T's consolidated operating income rose 8.3% year over year to $7.04 billion in the second quarter, with adjusted EBITDA margin expanding to 39.1% from 38%. The company is benefiting from increased scale in its 5G and fiber operations, as well as cost transformation efforts, including a plan to achieve $4 billion in annual cost savings by 2028. AT&T added 432,000 postpaid phone net additions and saw service revenues grow 5.1% in its Advanced Connectivity business. Meanwhile, competitors show mixed results: Verizon's adjusted EBITDA hit a record $13.7 billion, but net income fell 22.9% due to special charges, while T-Mobile's net income rose modestly to $3.24 billion. AT&T shares have declined 11.2% over the past year, and the company trades at a forward P/E of 10.42, below the industry's 37.57.
AT&T Inc.Operating income and EBITDA margin expanded, with cost savings plan and strong subscriber additions.
Deutsche Telekom AG
T-Mobile US Inc
Verizon Communications Inc