In the first quarter, AT&T (T) reported consolidated total operating revenues of $44.8 billion—a rise of 17.8% on a YoY (year-over-year) basis. The significant revenue growth YoY was a result of the company’s Time Warner acquisition in mid-June last year. However, AT&T’s total revenues missed analysts’ consensus estimate of $45.1 billion for the first quarter due to lower-than-expected revenues of $8.38 billion in its WarnerMedia segment.
Analysts expect AT&T’s net revenues to change YoY by 15.1% to $44.9 billion in the second quarter, -0.4% to $45.6 billion in the third quarter, and -0.4% to $47.8 billion in the fourth quarter. Analysts also expect the company’s net revenues to change YoY by 7.2% to $183.1 billion in 2019, 0.3% to $183.7 billion in 2020, and -0.4% to $182.9 billion in 2021.