Communication Services
Telecom Services
$57.07B
101.1K
Key insights and themes extracted from this filing
Total revenue increased by 1.1% year-over-year to $54.6 billion, primarily driven by growth in residential internet and mobile revenues, offset by declines in residential video and advertising. Residential revenue grew by 0.5% year over year.
Adjusted EBITDA increased by 1.3% year-over-year to $21.9 billion, while income from operations increased by 5% to $12.6 billion. These increases are attributed to revenue growth and cost management.
Mobile service revenue increased by 32.1% year-over-year to $2.2 billion, while video revenue decreased by 6.4% to $16.4 billion. This highlights the shift in consumer preferences and the company's focus on mobile offerings.