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AT&T Q2 Earnings Announced, $32.6 Billion in Revenue, 700k New Subscribers

July 23, 2014 - Written By Alexander Maxham

Verizon announced their Q2 earnings earlier this week and actually put up some good numbers, now it’s AT&T’s turn. They actually beat Verizon in a lot of areas here. Including their revenue. Verizon brought in $31.5 billion while AT&T brought in $32.6 billion. AT&T also added 700,000 new smartphone customers, 250,000 new tablet owners. There were also 1.6 million smartphones sold in Q2. This includes both upgrades and new lines. Smartphones accounted for 92% of their device sales in the second quarter. Nearly 50% of Smartphone owners on AT&T are on AT&T Next, their early upgrade program. Additionally, AT&T Mobile Share now reaches 14.6 million customers, or more than 41 million connections. Which equals around 56% of their connections.

“The quarter was marked by several transformative moves to grow our wireless, broadband and video services,” said Randall Stephenson, AT&T chairman and CEO. “We announced our intent to acquire DIRECTV, which will improve our video position and our ability to bundle broadband, mobility and video services nationally. Our move to simple pricing and no-device-subsidy plans is repositioning the wireless business model, resulting in our best postpaid net adds in nearly five years and our lowest-ever postpaid churn. And our Project VIP investments continue to drive impressive growth in U-verse and strategic business services.”

AT&T put up some decent numbers in Q2. Heck, what am I saying, they put up some amazing numbers in Q2. Adding 700,000 new smartphone users when Verizon only added around 304,000 new smartphones in the same quarter is definitely a good thing for the nation’s second largest carrier. AT&T still producing strong sales, which is great for them, and gets them even closer to being number one and dethroning Verizon. Now it’ll be interesting to see what T-Mobile and Sprint’s numbers are in the second quarter. How many of you are shocked by these numbers from AT&T? Let us know in the comments below.