AT&T Strong Performance in Q4 and Full Year 2025: Driven by Growth in Fiber and 5G Customers

AT&T Reports Strong Q4 and Full-Year Results 2025: Driven by Growth in Fiber and 5G Customers

Dallas, January 28, 2026 — AT&T today announced strong financial results for the fourth quarter and full year of 2025, exceeding all 2025 consolidated financial guidance. The company's strong performance is mainly driven by the growth in fiber and 5G customers. The company stated that through new investments in spectrum and fiber, it is expected to achieve sustained growth in adjusted EBITDA and adjusted earnings per share over the next three years, and increase free cash flow.

Drivers of Core Business Growth

The company points out that the trend of consumers choosing AT&T as their single reliable provider for all connectivity needs is accelerating. The company is performing well in penetration, with 42% of AT&T Fiber households choosing AT&T's wireless services. In areas where AT&T offers bundled services, the company ranks first in consumer and small business customer satisfaction scores for wireless and internet connectivity.

AT&T CEO and Chairman John Stankey said: "We have achieved or exceeded our full-year consolidated guidance for 2025. With new spectrum and fiber investments, we are positioned to win more customers across more categories and regions. With the support of the industry's best assets, we are accelerating our strategy to drive improved growth, better customer experience, and higher shareholder returns."

Highlights for Q4 2025

The company achieved strong financial results in the fourth quarter, with the following operational segment performance:

• Communications segment: Communications business revenue grew by 3.2% year-over-year, and operating revenue grew by 9.5% year-over-year.
• Mobility service segment: Mobility business revenue grew by 5.3% year-over-year, mainly driven by a 2.4% increase in service revenue and a 12.7% increase in equipment revenue. Operating revenue grew by 4.5%, and EBITDA grew by $275 million.
• Consumer Wireline: Consumer wireline business revenue grew by 2.9% year-over-year, driven by a 13.6% increase in fiber revenue. The company has achieved positive net broadband additions for ten consecutive quarters in the consumer fiber segment, mainly thanks to new AT&T Fiber users.

Long-Term Outlook and Capital Allocation Plan

With the company's investments in 5G and fiber, including the expected Lumen merger in early 2026, AT&T expects sustained growth in adjusted EBITDA and adjusted earnings per share through 2028. The company plans to distribute over $45 billion to shareholders through dividends and stock buybacks between 2026 and 2028.

Regarding capital allocation, the company plans to complete a stock repurchase authorization of approximately $10 billion by the end of 2026, with an expected repurchase of about $8 billion in common stock within 2026, and plans to maintain a consistent stock repurchase cadence through 2028.In terms of capital allocation, the company plans to complete authorization for a stock repurchase of approximately $10 billion by the end of 2026, is expected to repurchase about $8 billion in common stock within 2026, and plans to maintain a consistent stock repurchase rhythm until 2028.

New Business Unit Report Structure

Starting in the first quarter of 2026, AT&T plans to revise its operating structure to reflect the evolution of its business model, focusing on providing integrated advanced connectivity services for both consumer and business customers. The company has provided restructured historical quarterly and annual performance data for the report-segmented units under this transformation.

Financial Summary

• Telecommunications Business Revenue: $32.1 billion, a year-over-year increase of 3.2%.
• Mobile Services Revenue: Increased by 2.4% year-over-year.
• Enterprise Fiber Revenue: Increased by 13.6% year-over-year.
• Latin America Business: Operating revenue grew by over $100 million year-over-year, indicating continuous improvement in profitability.

Source: https://about.att.com/story/2026/4q-earnings-2025.html