AT&T highlighted that Q2 2022 is one of the best quarters in over a decade due to record levels of customer additions. Revenues from continuing operations for the second quarter (Q2 2022) totaled $29.6 billion, reflecting higher mobility and consumer wireline revenues.
“We’re expanding our customer base at an accelerated pace across our twin engines of growth – 5G and fiber,” said John Stankey, AT&T CEO. “We’re rapidly building out our best-in-class networks on the heels of record-level connectivity investment.
AT&T added nearly 2 million AT&T Fiber locations this year and reached its target of covering 70 million people with mid-band 5G spectrum two quarters early, approaching the 100 million mark by the end of the year.
In terms of mobility, total net adds were 6.6 million for Q2 2022, including over 1 million postpaid net adds and 196,000 prepaid phone net adds. Postpaid phone-only ARPU was $54.81, up 1.1% versus the year-ago quarter, due to improved international roaming and a mix shift to higher-priced unlimited plans.
On the other hand, AT&T delivered subscriber growth near second-quarter record levels with 316,000 AT&T Fiber net adds. This brings total net additions over the past two years to nearly 2.3 million, including 10 straight quarters of more than 200,000 net adds. The telco is now serving 18 million customer locations in more than 100 US metro areas with AT&T Fiber.
“As a result of our higher-than-forecasted customer growth, we’re increasing our Mobility service revenue guidance to 4.5-5% growth for the full year,” added Stankey. “Our results in the last eight quarters demonstrate that our deliberate strategy of focusing on growth is helping us gain valuable customer relationships, and we’re confident in our ability to maintain this momentum while also continuing to reduce debt and deliver an attractive dividend.”