AT&T reports Q2 2016 earnings with $40.5 billion in revenue, 2.1 million wireless net adds

AT&T has reported its earnings for the second quarter of 2016, noting a solid bump in both consolidated revenues and wireless net adds over this time a year ago. In total, AT&T says that consolidated revenues were up to $40.5 billion for the quarter, which is an increase of 22% over the same period a year ago.

Concerning the wireless market specifically, AT&T says that it saw a total of 2.1 million wireless net adds total. 1.4 million of those net adds came from the U.S. alone, while Mexico contributed 780,000. According to AT&T, this quarter also saw the company's second-lowest churn on record at 0.97%. Here are the highlights:

  • 2.1 million wireless net adds driven by connected devices, Mexico and Cricket
  • 185k U.S. branded (postpaid and prepaid) phone net adds
  • Nearly 800k branded smartphones added to the U.S. base, offsetting ~600k branded feature phone decline
  • Postpaid churn of 0.97%, down from 1.01% in 2Q15 and second-lowest ever in U.S.
  • Mexico: 780k branded net adds to reach about 10 million subscribers

For much more, be sure to check out AT&T's full earnings release.

Dan Thorp-Lancaster