AT&T Inc. (NYSE:T) Q3 2023 Earnings Call Transcript October 19, 2023 8:30 AM ET

Company Participants

Amir Rozwadowski - SVP of Finance and IR

John Stankey - CEO

Pascal Desroches - CFO

Conference Call Participants

Brett Feldman - Goldman Sachs

Simon Flannery - Morgan Stanley

John Hodulik - UBS

Phil Cusick - JPMorgan

Michael Rollins - Citi

Craig Moffett - MoffettNathanson

David Barden - Bank of America

Frank Louthan - Raymond James

Operator

Thank you for standing by. Welcome to AT&T's Third Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. [Operator Instructions] Following the presentation, the call will be open for questions. [Operator Instructions] And as a reminder, this conference is being recorded.

I would like to turn the conference call over to our host, Mr. Amir Rozwadowski, Senior Vice President of Finance and Investor Relations. Please go ahead.

Amir Rozwadowski

Thank you, and good morning everyone. Welcome to our third quarter call. I'm Amir Rozwadowski, Head of Investor Relations for AT&T. Joining me on the call today are John Stankey, our CEO, and Pascal Desroches, our CFO.

Before we begin, I need to call your attention to our safe harbor Statement. It says that some of our comments today may be forward-looking. As such, they're subject to risks and uncertainties described in AT&T's SEC filings. Results may differ materially. Additional information, including our earnings materials, are available on the Investor Relations website.

With that, I'll turn the call over to John Stankey. John?

John Stankey

Thanks, Amir, and good morning everyone. I appreciate you joining us. At the start of this year, we articulated a plan in which our deliberate investment in 5G and fiber would help grow our customer base in a profitable manner. Strong results we share today represent the latest proof that our strategy is working and sets us up for continued sustainable and profitable growth. We're meeting rising data demand with best-in-class 5G and fiber solutions. This is not only expanding our durable customers. 5G and fiber solutions. This is not only expanding our durable customer base, but also delivering attractive returns.

The results we're seeing only strengthen our conviction in continuing to invest to bring these next generation technologies to even more Americans. We're tracking in line to meet or beat our consolidated financial targets and we're raising our full year adjusted EBITDA and free cash flow guidance today. Our goal has been to invest and grow the business in a manner that progressively differentiates the AT&T asset base in our industry, and we're doing exactly that.