Today AT&T announced its 2nd quarter 2023 earnings and once again has lost internet subscribers. Even with strong fiber adds, AT&T still saw its total home internet subscribers drop.
To help offset this issue, AT&T recently announced a new 5G home internet service called AT&T Air which now offers fiber to more than 20 million locations.
Here is how AT&T describes its internet losses in the 2nd quarter of 2023:
Total broadband net losses, excluding DSL, were 35,000, reflecting AT&T Fiber net adds of 251,000, more than offset by losses in non-fiber services. AT&T Fiber now has the ability to serve 20.2 million customer locations and offers symmetrical, multi-gig speeds across parts of its entire footprint of more than 100 metro areas.
AT&T broadband revenues reached $2.526 Billion up from $2.355 billion in the same period of 2022.
AT&T wireless services added 6.2 million subscribers, including 326,000 postpaid phone ads, 123,000 prepaid phone adds, and 208,000 other net adds. A&TT did say they lost 70,000 wireless postpaid tablets and other branded computing devices.
“The direction we set three years ago is sound, and we’re on the right trajectory. Compared to last year, Mobility service and broadband revenues are up, Adjusted EBITDA is up, free cash flow is up, Mobility and Consumer Wireline margins are up and customer lifetime values are up,” said John Stankey, AT&T CEO. “We’re focused on growing the right way, adding profitable 5G and fiber customers. We are also committing to an incremental $2 billion-plus in cost savings beyond the $6 billion we have accomplished over this period, reflecting our continued march to operating the company in a more focused and streamlined fashion. Our results give us full confidence in delivering our full-year financial guidance.”
To help keep DSL customers looking for faster internet, AT&T is venturing into 5G wireless home internet for the first time.
AT&T Internet Air offers download speeds from 40-140 Mbps. AT&T Internet Air offers these regions wireless home internet for only $55 a month without a long-term contract, which is the same deal you’ll find with T-Mobile, Verizon, and Metro. AT&T is also an accepted provider for the Affordable Connectivity Program, so eligible customers can qualify for an extra $30 off each bill.
AT&T Internet Air offers faster internet than outdated DSL lines but is not available to all areas just yet. You can check to see if you’re home has coverage here.