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AT&T Q1 mixed, but the company adds wireless smartphone subscribers

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AT&T’s first quarter earnings were in line with expectations as the company added 2.7 million net U.S. wireless customers and solid gain of smartphone additions.

The results come a day after Verizon reported earnings that were better than expected. AT&T is currently digesting its acquisition of Time Warner and paying down a heavy debt load. AT&T said it cut net debt by $2.3 billion in the first quarter to $169 billion with a target of $150 billion by the end of the year.

AT&T reported first quarter earnings of 56 cents a share on revenue of $44.8 billion, up 18 percent from a year ago. Adjusted earnings were 86 cents a share, which matched Wall Street estimates, but revenue was lighter than expected. 

For AT&T, the plan is to expand its media plan via Time Warner, branch out into advertising and build its 5G network.

Mobility is growing, but AT&T video losses are hurting the communications unit overall. AT&T said it added 179,000 net postpaid smartphone additions with a churn of 0.93 percent. Wireless revenue was up 2.9 percent in the first quarter.

Consider the following moving wireless parts where AT&T reported:

  • 204,000 postpaid net losses with losses in tablets offsetting gains in wearables and phones.
  • 80,000 postpaid phone net adds. 
  • 179,000 postpaid smartphone net adds.
  • 428,000 tablet and other branded computing device net losses.
  • 96,000  prepaid  net  adds.
  • 85,000 prepaid phone net adds.
  • 63,000 prepaid smartphone net adds.
  • 3.1 million connected device net adds.  
  • 253,000 reseller net losses.

Like Verizon, AT&T’s wireless connections are bolstered by the addition of wearable devices.

attq1-2019-mobility.png

Other key points.

  • AT&T said its FirstNet deployment is halfway done and 5G is in parts of 19 cities.
  • The company had 22.4 million premium TV subscribers with 544,000 net losses in the quarter.
  • AT&T said that it had 1.5 million over-the-top subscribers with 83,000 net losses in the first quarter.
  • Xandr, AT&T’s advertising unit, saw revenue grow 26 percent in the quarter due to the acquisition of AppNexus. AT&T said that it is using data and analytics to optimize Time Warner’s Turner unit advertising.  

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Today’s Wordle Answer #649 – March 30, 2023 Solution And Hints

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If you’re still unsure, the solution you seek is bread. Certainly, the word needs no introduction, but its origins might be unfamiliar to you. Etymonline reports that its specific roots are uncertain, but one prominent position is that it is from Proto-Germanic “brautham,” itself from the Proto-Indo-European root “bhreu-,: which means to boil, burn, or bubble, a reference to the rising or leavening of the dough used for bread.

The same source notes that the Oxford English Dictionary maintains that the word derives from Proto-Germanic “braudsmon-,” which means fragments or bits, in the sense of meaning “piece of food.” Fun fact, the Old English word for bread was “hlaf,” which is the root from which the modern word “loaf” is derived.

Since “great” worked, well … great as a starting word yesterday, we repeated it today as well, and it delivered. There were only eight possible answers after it, and we made a lucky and correct second guess. We hope you finish just as fast, and if you’re in the mood for more puzzles, check out these other Wordle-like games.

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Microsoft Is Already Exploring Ads For Bing Chat

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In a blog post published on March 29, Microsoft discussed the topics of boosting traffic and overall “value” for publishers in relation to Bing Chat. The company acknowledged the role that publishers play in creating content and the vital importance of advertisements, which fund the paychecks for those behind the websites. The company says that it has made it a “top goal” to “drive more traffic to publishers in this new world of search.”

Revenue is a key concern, of course, which is where the second goal comes in. Microsoft says that it is working on “pioneering the future of advertising” as it relates to an AI-dominated internet. How will it do that? Two possibilities were shared: displaying multiple links from publishers when the user hovers over a reference, and a revenue-sharing arrangement with publishers that could, among other things, involve putting ads in the chatbot. In the example provided by Microsoft — which is simply referred to as an idea at this time — the revenue would be shared with the publishers whose content was used to generate the answer for the user.

Of course, Bing Chat is only one player in the arena, with its most notable competition being Google Bard — though the latter is still very much in its infancy and was, by all accounts, a rushed project spurred out of desperation to stay competitive. It seems likely that Google will eventually embrace some sort of revenue-sharing arrangement of its own, but only time will tell how that works out.

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The 2024 Porsche Cayenne Debuts A Dramatic Dashboard Upgrade

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For infotainment, the main screen is a 12.3-inch display that shows your navigation and music, similar to the screen used by the Taycan. Below that, Porsche put the climate controls. In a move that will make plenty of old-school gearheads happy, Porsche used physical buttons to control the A/C and heat. 

Front-seat riders can enjoy an optional 10.9-inch feature on the passenger side of the cabin. That screen can stream media or allow the passenger to act as the vessel’s navigator. According to Porsche, a filter on the screen prevents the driver from getting distracted. Onboard Siri functionality can also bear the load if necessary. The interior also features a litany of USB-C chargers that can keep devices topped up and a wireless and cooled charging pad that can deliver up to 15 watts. 

According to Porsche, the 2024 Cayenne will be fully revealed on April 18th. 

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