AT&T Inc.’s Address at Deutsche Bank Annual Media, Internet & Telecom Conference: Insights from Pascal Desroches, CFO
Good morning, and welcome to the Deutsche Bank Annual Media, Internet & Telecom Conference. I am pleased to represent AT&T Inc. (NYSE: T) today, and I’m here with our Chief Financial Officer, Pascal Desroches. Let’s dive into some insightful discussions about our company’s current status and future plans.
Company Overview
Pascal Desroches: Thank you, Bryan. It’s a pleasure to be here today. I’d like to begin by giving you a brief overview of AT&T’s current position in the industry. We are a leading provider of communications, media, and technology services in the United States and internationally. Our services include wireless, wired broadband, and video entertainment through DIRECTV and HBO Max. Our goal is to provide innovative, reliable, and high-quality services to our customers while creating long-term value for our shareholders.
Financial Performance
Bryan Kraft: That’s great to hear, Pascal. Could you please share some insights into your recent financial performance and any notable trends?
Pascal Desroches: Absolutely. In Q4 2024, we reported total revenues of $47.2 billion, a 2.5% increase year-over-year. Our wireless segment, which is our largest revenue contributor, grew by 3.2% to $22.5 billion. Our wireline segment, which includes our broadband and video services, generated revenues of $17.5 billion, a 1.3% decrease compared to the previous year. Our consolidated operating income was $8.8 billion, up 4.1% year-over-year.
Investment in 5G and HBO Max
Bryan Kraft: What about your investments in 5G and HBO Max? How are those initiatives progressing?
Pascal Desroches: We are committed to leading the way in 5G and have already launched our network in several cities. Our 5G network covers more than 200 million people in the US, and we plan to reach 300 million by the end of 2025. As for HBO Max, we have seen significant growth since its launch in May 2024. We now have over 35 million subscribers, and we expect this number to continue growing as we invest in exclusive content and expand our reach.
Impact on consumers
Personal Impact: With AT&T’s ongoing investments in 5G and HBO Max, consumers can expect faster internet speeds, improved connectivity, and a wider range of streaming options. The rollout of 5G networks will enable more seamless and responsive experiences for users, particularly in areas like gaming, telemedicine, and remote work. HBO Max’s expansion will offer more diverse content choices, making it a more competitive streaming platform in the market.
Impact on the world
Global Impact: The widespread adoption of 5G technology will revolutionize industries and transform the way we live, work, and connect. Faster internet speeds and lower latency will lead to advancements in areas like autonomous vehicles, smart cities, and the Internet of Things (IoT). HBO Max’s growth as a streaming platform will contribute to the ongoing shift towards on-demand content and the continued disruption of traditional media industries.
Conclusion
In conclusion, AT&T’s address at the Deutsche Bank Annual Media, Internet & Telecom Conference provided valuable insights into the company’s financial performance, ongoing investments in 5G and HBO Max, and the impact these initiatives will have on consumers and the world. As a leading communications, media, and technology provider, AT&T is well-positioned to drive innovation and growth in these areas, shaping the future of connectivity and entertainment.
Stay tuned for more updates from AT&T and other industry leaders as they continue to shape the media, internet, and telecom landscape.
