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AT&T Q2 FY12/24 Earningzzzzz Review

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AT&T Q2 FY12/24 Earningzzzzz Review
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Reminder - Pays You 6% Yield For No Work

by Alex King

This quarter, $T delivered:

  • Revenue down a touch in the quarter vs. the same quarter last year; and more or less flat vs. prior year on a TTM basis.
  • Gross margins ticked up to 60% on a TTM basis - that’s a recent high - as far back as 2018 this has not been matched.
  • TTM EBITDA and TTM unlevered pretax free cashflow margins both down a little to 34.7% and 18.8% respectively; nothing to worry about at this stage.
  • Net debt down to $127bn or 2.99x net debt / TTM EBITDA leverage.

In short - meh. Nothing to see here, move along.

Here’s the headline numbers as of this quarter.

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