AT&T posts Q3 revenue of $32.3B, bets on fiber and 5G convergence

AT&T reported its best growth in over four years: revenue rose 5.3% to $32.3B, EBITDA grew 5.4% to $12.5B and adjusted EPS climbed 20% to $0.65. The carrier added a record 696,000 home internet subscribers and said it is open to more fiber acquisitions at the right price.

• Revenue $32.3B (+5.3%), EBITDA $12.5B (+5.4%), EPS $0.65 (+20%)
• 696,000 home internet net adds: 416,000 fiber and 280,000 FWA
• Advanced connectivity service revenue reached $23.9B, up 6.1%
• Fiber ARPU fell 4% on promos and lower-ARPU Lumen customers