AT&T’s revenue in Q4 2018
In the previous part of this series, we discussed Wall Street analyst expectations for AT&T’s (T) fourth-quarter earnings. Now let’s look at the expected total revenue growth of the telecom company. Wall Street analysts expect AT&T’s total revenue to increase by ~15.9% YoY to reach $48.5 billion in the fourth quarter.
Earlier in the third quarter, AT&T reported total revenues of $45.7 billion, which was above the Wall Street analyst consensus estimate of $45.6 billion. Its third-quarter revenues rose ~15.3% YoY from $39.7 billion in the third quarter of 2017. However, it’s important to note that the significant revenue growth YoY was a result of its Time Warner acquisition, which was partially offset by the impact of the new revenue recognition accounting standard.
In comparison, T-Mobile’s (TMUS) total revenue is expected to rise ~5.6% YoY to $11.4 billion in the fourth quarter, while Verizon’s (VZ) total revenue is expected to increase ~1.2% YoY to $34.4 billion. Sprint’s (S) total revenue is expected to grow ~2.3% YoY to $8.4 billion in the third quarter of fiscal 2018, which ended in December.
In the next part, we’ll look at how much combined domestic wireless operations adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) growth we can expect from AT&T in the fourth quarter.