AT&T reported its Q1 2016 results with consolidated revenues of $40.5 billion, up 24 percent vs. the year-earlier period, and it says that’s primarily due to its DirecTV acquisition. The company added 328,000 U.S. DirecTV subscribers, but total video subscribership did decline. However, for the full year, AT&T does expect to add video customers, CFO John Stephens reported in a conference call with analysts.
AT&T has been focusing heavily on its DirecTV offering with less attention to its U-verse service, which lost a reported 382,000 subs to put a damper on the video side.
Bundles of video, broadband and wireless are showing promise, according to Randall Stephenson, the company’s chairman and CEO. “We’re seeing good momentum with our initial integrated wireless, video and broadband offers. And we’ll expand the integrated choices for customers in the fourth quarter when we launch our new video streaming services,” he says.