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AT&T’s 3Q15 Revenue Increased Even after Excluding DIRECTV’s Results

AT&T Pushes up 2015 Earnings Guidance after 3Q15

(Continued from Prior Part)

AT&T’s 3Q15 revenue

In the previous part of this series, we learned that AT&T continued to beat Wall Street earnings expectations in 3Q15. Now let’s look at the company’s performance in terms of its top line. AT&T’s revenue came in lower than Wall Street’s expectation. The company gave guidance on the same on October 21. Its revenue increased by ~18.6% YoY (year-over-year), reaching ~$39.1 billion in 3Q15. According to the company, its consolidated revenue increased YoY even after excluding revenue contributed by DIRECTV (DTV) during the quarter. In 2Q15, AT&T’s revenue grew by ~1.4% YoY to ~$33 billion.

As we can see in the above chart, since 3Q14, AT&T’s revenue had largely been in line with Wall...