AT&T (T) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter decreased compared with both the prior quarter and the year-ago period. The sequential decline reflected lower reported revenue across the Communications segment.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter decreased compared with both the prior quarter and the year-ago period. The sequential decline reflected lower reported revenue across the Communications segment.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$30B
Revenue reported for this quarter.
Quarter-over-quarter
-6.2%
Change from the immediately preceding quarter.
Year-over-year
-0.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$122.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $29.9B | +0.9% |
| Sep 30, 2023 | $30.4B | +1.0% |
| Dec 31, 2023 | $32B | +2.2% |
| Mar 31, 2024 | $30B | -0.4% |
Revenue performance
The company reported a decline in total operating revenues year over year, driven primarily by a decrease in Communications segment revenue, while Latin America – Mexico revenue increased versus a year ago.
Quarterly comparison
Compared with the immediately preceding quarter, revenue fell. Relative to the same quarter one year earlier, total operating revenues were also lower.
What to watch
The company cited adverse economic changes, inflation, rising interest rates, and regulatory proceedings among risks that could affect future results.