AT&T adds 216,000 U-verse TV subscribers in third quarter
| 23 October 2014
Among solid third-quarter results, AT&T has revealed that its U-verse TV business has joined mobile and IP data, and strategic business services as a key growth driver.
ctia 2014 digitallife 3For the quarter ended 30 September 2014 , AT&T's consolidated revenues totalled $33 billion, up 2.5% compared with the same period a year earlier. Operating income was $5.4 billion versus $6.2 billion. When adjusted for Leap and Alltel integration expenses and DIRECTV merger costs, operating margin was 17.2% in the third quarter 2014.
The whole U-verse package — which includes high speed Internet, TV and voice over IP (VoIP) — now represents 64% of AT&T's wireline consumer revenues, up from 54% in the year-earlier quarter. Consumer U-verse revenues grew 23.2% year-on-year. The U-verse IPTV business united added 216,000 subscribers quarter-on-quarter to reach nearly 6.1 million in service. This also represented a yearly rise of 800,000. More than 97% of AT&T's video customers subscribe to bundled services. Nearly two-thirds of U-verse TV subscribers take three or four services from AT&T. ARPU for U-verse triple-play customers continues to be more than $170 and at the end of the quarter, U-verse TV penetration was almost 22%.