AT&T Tops Earnings Estimates in ‘Godzilla vs Kong’ and NCAA March Madness Quarter
AT&T posted its first-quarter 2021 earnings on Thursday, revealing WarnerMedia’s streaming subscription revenue had risen 35% year over year.Wall Street had forecast earnings per share (EPS) of 78 cents on $42.69 billion in revenue, according to a consensus estimate compiled by Yahoo Finance. AT&T reported EPS of 84 cents on $43.9 billion in revenue.AT&T is the parent company to WarnerMedia, which includes Warner Bros., HBO, HBO Max, TBS, TNT, TruTV and CNN among its individual brands.“We continued to excel in growing customer relationships in our market focus areas of mobility, fiber and HBO Max,” said John Stankey, AT&T CEO, said in a statement prepared to accompany the financials.