AT&T Inc missed fourth-quarter revenue estimates on Wednesday as another fall in...
- AT&T Inc missed fourth-quarter revenue estimates on Wednesday as another fall in subscriptions to satellite TV provider DirecTV overshadowed better-than-expected sign ups in monthly phone subscribers.
Revenue from the entertainment segment, which includes DirecTV, fell 6.1% from the previous year to $11.23 billion. The company said it added a net 229,000 new phone customers in the quarter. Analysts had estimated the company would add 145,000 phone subscribers, according to research firm FactSet. The WarnerMedia segment, which includes premium TV channel HBO, reported revenue of $8.92 billion, missing analysts’ estimates of $9.03 billion.
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