AT&T Inc. (NYSE:T) Q3 2024 Earnings Conference Call October 23, 2024 8:30 AM ET

Company Participants

Brett Feldman - SVP, Finance & IR
John Stankey - CEO
Pascal Desroches - CFO

Conference Call Participants

Simon Flannery - Morgan Stanley
John Hodulik - UBS
Peter Supino - Wolf Research
David Barden - Bank of America
Michael Rollins - Citi
James Schneider - Goldman Sachs
Sebastiano Petti - JPMorgan
Kannan Venkateshwar - Barclays

Operator

Thank you for standing by. Welcome to AT&T's Third Quarter 2024 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 over to our host, Brett Feldman, Senior Vice President of Finance and Investor Relations. Please go ahead.

Brett Feldman

Thank you, and good morning. Welcome to our third quarter call. I'm Brett Feldman, 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 as well as our earnings materials are available on the Investor Relations website.

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

John Stankey

Thank you, Brett. I appreciate everyone joining this morning. I hope you're all doing well today. The third quarter showed again that our team continues to produce solid results as we efficiently grow high value wireless and broadband subscribers. Since Pascal will go through the quarter in detail, I'll share more on how our investment led strategy is helping us deliver on our full year consolidated financial guidance, creating runway for future growth, and then I'll provide a few updates on some recent developments.

Our strategy remains the same to lead the industry in converged connectivity through 5G and fiber. In Mobility, the value of the coverage and reliability of the service we provide and our best deals for every one approach that puts our customers first are producing solid, sustainable results. We're growing 5G subscribers in a durable way and delivered 403,000 postpaid phone net adds in the third quarter. We also grew efficiently with lower year-over-year postpaid phone churn and upgrade rates.