, AT&T revenue falls short ahead of HBO Max launch – Source Reuters Tech News, iBSC Technologies - learning management services, LMS, Wordpress, CMS, Moodle, IT, Email, Web Hosting, Cloud Server,Cloud Computing
News & Events

AT&T revenue falls short ahead of HBO Max launch – Source Reuters Tech News

(Reuters) – AT&T Inc missed fourth-quarter revenue estimates on Wednesday as another decline in subscriptions to satellite TV provider DirecTV overshadowed an increase in monthly phone customers.

, AT&T revenue falls short ahead of HBO Max launch – Source Reuters Tech News, iBSC Technologies - learning management services, LMS, Wordpress, CMS, Moodle, IT, Email, Web Hosting, Cloud Server,Cloud Computing

FILE PHOTO: Shoppers walk past an AT&T as pre-Thanksgiving and Christmas holiday shopping accelerates at the King of Prussia Mall in King of Prussia, Pennsylvania, U.S. November 22, 2019. REUTERS/Mark Makela

AT&T has spent a combined $134 billion on DirecTV and Time Warner to transform itself into a media company, but is struggling to stem the loss of valuable satellite subscribers as audiences switch to streaming services.

Analysts at New Street Research said in a note that although AT&T’s wireless subscriber growth was strong, “everything else” was worse than expected.

AT&T shares were down 3.1% to $37.37 in morning trading on the New York Stock Exchange.

Revenue from the entertainment segment, which includes DirecTV, fell 6.1% from the year-ago quarter to $11.23 billion.

AT&T…

Read More…

Source Reuters Tech News

Source link