AT&T exceeds HBO Max subscriber outlook

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Shares of AT&T Inc. are up astir 1% successful premarket trading Wednesday aft the telecommunications institution offered immoderate fourth-quarter metrics up of an capitalist conference.

AT&T T, +0.83% saw 1.3 cardinal full postpaid nett additions successful the 4th quarter, including astir 880,000 postpaid telephone nett additions, the institution disclosed successful a property release. For the afloat year, AT&T recorded 3.2 cardinal postpaid telephone nett additions, which the institution said was its highest full successful much than 10 years.

The institution besides added astir 270,000 fibre subscribers successful the 4th fourth and ended the play with astir 73.8 cardinal full HBO Max and HBO subscribers globally. The HBO fig came successful supra the outlook for 70 cardinal to 73 cardinal subscribers that AT&T had offered backmost successful September.

Chief Financial Officer Pascal Desroches plans to contiguous connected AT&T’s concern during the Citi AppsEconomy league astatine 10 a.m. ET.

AT&T shares person mislaid 12.4% implicit the past 12 months done Tuesday, portion the SPDR Communication Services Select Sector exchange-traded money XLC, -0.22% has rallied 17.0% and the S&P 500 scale SPX, -0.06% has precocious 28.6%.

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