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AT&T posts solid Q1 earnings

Updated Dec 19th, 2018 5:59PM EST

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Recession, reshmession. If AT&T is any indication, we’re doing just fine. The telecom giant announced its Q1 earnings report this morning, and things are looking pretty good. The company posted a $3.5 billion profit, based off gross sales of $30.7 billion. That represents growth of 4.6% over the same period last year, numbers made even more impressive when compared against the general downward trend that seems to be pervading most sectors of the American economy. AT&T added 1.7 million customers, and saw an overall spike of  53.7% in data usage, which now accounts for over 20% of the wireless division’s income. U-Verse was similarly successful, with over 350,000 new customers added to the fold. Nice pull, guys.


Josh Karp Distinguished Fellow

Josh Karp followed his love of technology since a kid through to the present day. As a Special Correspondent at BGR, and part of the first editorial team, Josh covers press conferences, trade shows and other events around the world. An expert in all things mobile, Josh has more than eighteen years of experience covering the wireless industry.