AT&T (T) Q4 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Wed, January 28, 2026 astatine 9:23 AM CST 58 min read

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Wednesday, January 28, 2026 astatine 8:30 a.m. ET

• Chief Executive Officer — John Stankey

• Chief Financial Officer — Pascal Desroches

• Chief Operating Officer — Jeff McElfresh

John Stankey: Thanks, Brett, and Happy New Year to everybody. I admit you joining america today. As you tin spot successful our net materials, we person a batch to cover. So I'm going to rapidly summarize a fewer highlights from our results and past walk astir of my clip discussing however our investments and differentiated presumption enactment our semipermanent outlook for improved maturation and important superior returns. After that, Pascal volition supply a small much colour connected our 4th fourth performance, planned changes to our conception reporting adjacent quarter, and cardinal drivers of our fiscal guidance done 2028.

So our prepared comments are astir apt going to tally a small spot longer than usual, but we'll let a small other clip to instrumentality your questions. During our Analyst and Investor Day successful 2024, we outlined our way to go the champion precocious connectivity supplier successful America, and I judge our squad executed good against this strategy successful 2025. We met oregon exceeded each of our consolidated full-year fiscal guidance driven by different coagulated twelvemonth of 5G and fibre subscriber growth. We reported implicit 1.5 cardinal postpaid telephone nett adds for the 5th consecutive twelvemonth and implicit 1 cardinal AT&T Inc. Fiber nett adds for the eighth consecutive year. We besides accelerated the maturation of AT&T Inc.

Internet Air with 875,000 nett adds, which much than doubled our lawsuit basal from wherever we began the year. The effect of this operating momentum was the champion twelvemonth for user broadband subscriber maturation successful a decade. This beardown maturation is simply a effect of implicit 5 years of executing a sustainable investment-led concern exemplary that centers connected providing customers with each of their precocious connectivity needs from 1 trusted provider. We besides made advancement connected galore of our superior allocation successful 2025. During the archetypal fractional of the year, we achieved our people of nett indebtedness to adjusted EBITDA successful the 2.5 times scope and commenced a stock repurchase program.

Overall, we returned implicit $12 cardinal to our shareholders done dividends and buybacks, which was much than a 50% summation from 2024. Our improved fiscal flexibility and assurance successful our concern thesis besides positioned america to marque opportunistic strategical investments that payment our customers, and yet our shareholders. This includes our agreements to get spectrum licenses from EchoStar, and fibre assets from Lumen. And we proceed to expect some these transactions to adjacent aboriginal this year. These transactions correspond cardinal gathering blocks that importantly grow the full addressable marketplace for our precocious connectivity services successful the years ahead.