AT&T Reports Fourth-Quarter and Full-Year Results

Continued strong subscriber growth

• • 656,000 postpaid phone net adds; nearly 2.9 million for the full year
  • 280,000 AT&T Fiber net adds, 12 straight quarters with more than 200,000 net adds; more than 1.2 million net adds for full-year 2022, fifth straight year with 1 million or more AT&T Fiber net adds

Subscriber additions driving revenue growth

• • Domestic wireless service revenues up 5.2%; 5.1% for the full year
  • Consumer broadband revenues up 7.2% driven by AT&T Fiber revenue growth of more than 31%; full-year broadband revenues grew 6.4% with AT&T Fiber revenues up nearly 29%

Network deployment on or ahead of schedule

• • Mid-band 5G spectrum covering 150 million people, more than two times higher than original end-of-year target
  • Ability to serve more than 19 million consumer locations and more than 3 million business customer locations in more than 100 U.S. metro areas with fiber

Transformation supporting margin growth