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2020
AT&T
AT&T Tops Wall Street Estimates Despite Expected HBO Max Hit From Amazon Shift; Subscriptions Fall To 45.2M In U.S. But Hit 69M Globally
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deadline.comAT&T’s third-quarter results topped Wall Street estimates despite an expected loss of HBO Max subscribers in the U.S. due to a shift away from Amazon Channels.The telecom giant reported total revenue of $39.9 billion, up 14% from the year-earlier quarter.
Diluted earnings per share of 82 cents more than doubled from 2020. Analysts surveyed by Refinitiv had expected revenue of $39.1 billion (some other consensus figures were higher, meaning the revenue slightly missed) and earnings of 78 cents.HBO Max, which began expanding globally in June, has now reached 69.4 million global subscribers when combined with HBO, up from 67.5 million in the previous quarter.
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