AT&T's stock rallied 3.1% post-earnings, driven by better-than-expected subscriber growth and margin expansion amid ongoing fiber and 5G investments.
- Added over 1 million Advanced Connectivity subscribers, with fiber, fixed wireless, and postpaid phones all showing year-over-year net additions.
- Achieved the best-ever second quarter for AT&T Fiber net adds, including record combined fiber and fixed wireless growth.
- Consolidated adjusted EBITDA margin hit its highest level since refocusing on Advanced Connectivity, reflecting improved operating leverage and cost initiatives.
- Advanced Connectivity business service revenues grew year-over-year, supported by fiber and 5G repositioning and a balanced distribution model.
- Integration of the Lumen footprint accelerated fiber rollout and converged customer growth, with June gross adds in those areas up 45% since February.
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