uploads/2019/02/Telecom-ATT-4Q18-Wireless-Service-Revenue-1.png

Did AT&T’s Wireless Service Revenue Pick Up in Q4?

By

Updated

AT&T’s wireless service revenue

AT&T’s (T) total revenue rose ~15.2% YoY (year-over-year) to $48.0 billion in the fourth quarter. Meanwhile, the carrier’s combined domestic wireless operations (or AT&T Mobility) revenue fell ~2.1% YoY to $18.8 billion.

Now let’s take a look at AT&T Mobility’s service revenue trend. In the fourth quarter, AT&T Mobility’s service revenue fell ~3.0% YoY to $13.9 billion. It’s important to note that AT&T Mobility’s service revenue fall was a result of its adoption of a new revenue recognition accounting standard.

According to its historical accounting method, AT&T Mobility’s service revenue rose ~2.9% YoY to $14.7 billion. AT&T’s management expects the company to continue growing its wireless service revenue.

Article continues below advertisement

Performances of other US mobile operators

In comparison, Verizon (VZ) reported wireless service revenue of $15.9 billion in the quarter that ended on December 31, a rise of ~0.1% YoY. Sprint’s (S) wireless service revenue fell ~3.0% YoY to $5.4 billion in the comparable period. T-Mobile’s (TMUS) wireless service revenue rose ~5.6% YoY to $8.2 billion in the period.

Advertisement

More From Market Realist