AT&T posted its third quarter earnings on Wednesday, noting earnings of 66 cents per share on $32.2 billion in revenue. The company’s EPI is up 6.5 percent from the same quarter last year while revenue increased 2.2 percent. The company added more than 2 million new customers across both its wireless and wireline businesses.
AT&T’s wireless revenues increased 5.1 percent and service revenues jumped 3.7 percent over the same time period in 2012. Data revenues jumped 17.6 percent, likely thanks to the introduction of its shared data plans and net new customer additions, which included 1.2 million new smartphone subscribers. “About 72 percent, or 36.4 million, of postpaid smartphone subscribers are on usage-based data plans,” AT&T said.
As expected, smartphones continue to increase in popularity and AT&T noted that a record 89 percent of its postpaid phone sales during the quarter were to customers who were buying a smartphone.
AT&T’s wireline business saw a 2.4 percent bump in revenue in Q2 2013 vs Q2 2012. It also recorded its first ever $1 billion month for U-verse subscriber revenue and AT&T called U-verse the “fastest growing part of the business.