AT&T Inc. (NYSE: T) showcased remarkable financial outcomes for both the fourth quarter and full year of 2025, successfully meeting or surpassing all of its consolidated financial targets. Notably, the company experienced its best annual growth in consumer broadband subscriptions in a decade, increasing its convergence rate, with 42% of AT&T Fiber households also opting for AT&T's wireless services.
This growth trajectory reflects the efficacy of AT&T's investment-driven, customer-focused strategy. "We achieved or surpassed all of our consolidated full-year guidance for 2025," said John Stankey, AT&T Chairman and CEO. He added, "With new investments in spectrum and fiber, we’re set to win more customers in more categories and geographies across the U.S. Backed by the best assets in the industry, we are accelerating our strategy to deliver improved growth, the best customer experience and enhanced returns for shareholders over the next three years."
In the fourth quarter, AT&T recorded significant financial metrics: a free cash flow of $4.2 billion, capital expenditures totaling $6.8 billion, and revenues amounting to $33.5 billion. The company’s operational results included a net income of $4.2 billion and an adjusted EBITDA of $11.2 billion, reaffirming its financial strength.
The highlights from the fourth quarter illustrate a robust performance in various segments. Consumer wireline fiber revenues rose by 13.6% year-over-year to $2.2 billion, while mobility service revenues increased by 2.4% year-over-year, totaling $17.0 billion. This was complemented by 421,000 postpaid phone net adds, with a churn rate of just 0.98%.
Beyond the quarterly achievements, AT&T's full-year results solidified its position in the marketplace. The company reported free cash flow of $16.6 billion, indicating a growth from $15.3 billion in 2024, and revenues of $125.6 billion. "We’ve seen a strong trajectory in consumer and business fiber access, passing 32 million locations with our fiber technology," said Stankey.
Furthermore, AT&T made substantial progress in share repurchases, investing approximately $4.3 billion under its existing authorization. The company also achieved over 1 million net adds for AT&T Fiber for the eighth consecutive year, proving its sustained demand in the broadband sector.
Mobility service revenues for the full year also highlighted an upward trend, increasing by 3.1% to reach $67.4 billion. The company reported more than 1.5 million postpaid phone net adds for the fifth straight year, underscoring its growth in consumer connectivity.
As part of its ongoing adaptation, AT&T intends to revise its operating segments starting with the first-quarter 2026 results. This restructuring aims to focus on the convergence of advanced connectivity services through 5G and fiber, aligning with market demands. The new reportable segments will include Latin America, which will encompass the company’s wireless business in Mexico, and a Legacy segment for domestic legacy voice and data services.
Looking ahead, AT&T anticipates not only sustaining this momentum but significantly enhancing its growth strategy. The company has indicated a return plan of over $45 billion to shareholders from 2026 to 2028, through dividends and share repurchases. This commitment highlights AT&T's focus on generating long-term value for shareholders while continuing to prioritize customer satisfaction in its service delivery.