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AT&T’s Wireless Service Revenue Growth in Q1

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AT&T’s wireless service revenues

In this part, we’ll discuss AT&T Mobility’s, AT&T’s (T) combined domestic wireless operations, service revenue trend. In the first quarter, analysts expect AT&T Mobility’s service revenues to increase ~3.8% YoY (year-over-year) to $13.9 billion.

In the fourth quarter of 2018, AT&T Mobility posted service revenues of $13.9 billion, which represents a reduction of ~3.0% from $14.3 billion in the fourth quarter of 2017. However, AT&T Mobility’s service revenue reduction was due to its adoption of a new revenue recognition accounting standard.

Using the historical accounting method, AT&T Mobility’s service revenues rose ~2.9% YoY to $14.7 billion in the fourth quarter of 2018.

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Peer comparison

T-Mobile’s (TMUS) wireless service revenues are expected to increase ~7.6% YoY to $8.4 billion in the first quarter. Verizon’s (VZ) wireless service revenues are expected to rise ~3.1% YoY to $15.9 billion. Sprint’s (S) service revenues from its wireless component are expected to decline ~3.1% YoY to $5.4 billion in the fourth quarter of fiscal 2018, which ended on March 31.

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