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The Dallas, Texas-based firm - whose WarnerMedia unit completed
its merger with Discovery Inc earlier this month to form the new
media firm Warner Bros. Discovery - added 691,000 monthly phone
subscribers during the quarter.
AT&T is refocusing on its original business of providing
internet and phone services after unwinding a years-long effort
to become a media and entertainment company.
Shares of AT&T rose 1.5% to $19.73 in premarket trading.
The company's revenue for the core wireless business rose to
$29.7 billion in the first quarter from $29 billion a year
earlier.
Total revenue, however, was down more than 13%, reflecting the
impact of its divested satellite TV business and weakness in its
business wireline unit.
Total global subscribers for premium TV channel HBO and
streaming service HBO Max, which are part of WarnerMedia, rose
by 3 million from the previous quarter.
Net income attributable to common stock fell to $4.8 billion, or
65 cents per share, from $7.5 billion, or $1.02 per share a year
earlier.
(Reporting by Sonia Cheema and Eva Mathews in Bengaluru and
Sheila Dang in Dallas; Editing by Anil D'Silva and Bernadette
Baum)
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