Communication Services
Telecom Services
$177.14B
105.4K
Key insights and themes extracted from this filing
Total operating revenues increased slightly to $32.981 billion for the three months ended March 31, 2024, compared to $32.912 billion for the same period in 2023, representing a 0.2% increase. This was driven by a slight increase in service revenues.
Net income decreased to $4.722 billion for the three months ended March 31, 2024, compared to $5.018 billion for the same period in 2023. This decrease is driven by a decrease in operating income and an increase in interest expense.
Interest expense increased to $1.635 billion for the three months ended March 31, 2024, compared to $1.207 billion for the same period in 2023. This increase in interest expense contributed to the decrease in net income.