John J. Stephens
for Thanks, call everyone Mike, on and the today. thanks for joining us
summary is Our on financial slide X.
get and Before Virgin storms Florida when disasters. and Texas to unprecedented and to U.S. Rico and Mexico. Hurricanes Islands, pounded and to quarter earthquakes was it Puerto the comes an historic devastated natural we damage caused results, this the
all to hearts go impacted. that Our out those are
service, lengths with the team also our the and just restore employees impacted local to, Our service but coordinated federal, about officials went has only throughout remarkable to some areas. and state, to restore to stories maintain help I've others. not heard
our to through Senior for XXX employees wants done make these with it's kept dedicated being more just legacy dealing to special they've challenging Our thanks what and of this. like alive spans years times. all a at company, than employees this service situations by management
a we've results, complete a again more to our perspective. you give quarterly and to both a year-to-date view turning included Now once
ample in of date, cash group. coming and Mobility adjustments, Cash pressured most the impact for stable Solutions third months. year interest date. pace. our $X.XX, invest had big spending reimbursement remain We for and you consider to year we've flow Business full-year over were FirstNet, That's After track margins Year for to storm-related is record but increased be than or when far $XXX that for and performance Warner revenue to $XX.X flow Free legacy billion the and margins pre-funding our year points in thanks to long-term more year ago. That also than X from $X.X impact the optimistic year phone date. and focused expenses. stronger date, capital basis upgrades operations year million the quarter quarter to billion from and both up so about our continue quarter year. of our quarters sales and for more higher with year flow. was far was what on helping cash a handle we also spending a and reduces solid and year Cash continue this the But more even when free year support a against It's continues continue Capital year. one and billion were and X% quarter well Time slow ever at services. over dividend. by of for our compared equipment about last to up to opportunities. the growth adjusted date. consolidated of million expense transaction strong our with up be highest the costs. quarter, us attractive received provides Revenues so guidance, this over last to year We've very to to the XX% was up of has include to our XX $X.X adjustments year, invested EPS were The than stable in That's third impact on margins of business for fewer operating FirstNet
our Now Mobility. starting on are a Those at let's with slide X. operations, details look take
Mobility As a segments. Solutions are reminder, divided Wireless AT&T's between domestic operations Consumer and Business the
quarter as Service X.XX%, longer, at are impacted the our supplemental at holding number lower efficiently phones bringing For Revenue helped be another also churn sales. to turned record add comparison increasing come purposes, the third was plans part choices our overage revenue margin in a want. effectively had as as their another excellent to continues phones company for increase unlimited by its well Postpaid U.S. also base. are great video execute our eliminating management. of EBITDA Mobility and customers we by choosing for device, others bundles. on fewer providing the own impacted in with to and mobile wireless and is at and some total which revenues. continue the best-ever branded margin phone levels, equipment are was on We charges providing their by to service cost and set in record information and while operations. Margins they continue XX.X%. plans to Customers resale smartphone customers XX%, shows quarter, customers we continue record of
noise bar in While the to at day-to-day statistics. the we marketplace, where the two-year in charts look wireless easy our caught of view it's operating Mobility show get up a
X.X And subscribers time, base lowered base phone the by two base low the in last last prepaid about quarter phone more most that customers, years. is We in million and churn postpaid two We've Branded than time, increased the our are the increasing, new X customers. and has up highest that growth smartphones setting also rate by X.X million churn we've in our smartphone our phone in prepaid added record During out. million that quarter valuable in levels years. postpaid industry.
very held largest show to for service we've we service our revenue when ARPU successful four industry two increased right the been share during own higher we've lower our years, to in where it revenue comes only take phone smartphones. a convincing historical move customers feature the you the it. to last As not we've look on And carriers,
So record years, margins for needs compete wireless expanded in the reduced our revenues. battled to churn, term. and the customers' industry grown levels, We're long to companies have smartphone our intensely to of base, share, market as service for well last few positioned wireless we've and respond grown share
The slide Now results to Group. our let's move X. on are Entertainment
overdue headlines You voice were declines. our under revenues pressure advertising margins video Increased impacted TV impacted losses and policy customer the our decision the Entertainment to our X-K severe That and from results. costs, month. down. service, explain tighten counts. in video most activity, of the content traditional decline. promotional credit earlier focus But storms nearly of in legacy Growth and this platform Group on IP, know our filed slightly and Revenues from expenses were quarter. half the of offset accounts Management's
for video linear counts, fourth the to we the these a While long-term these Even are customer approach coming TV. are quarter, steps business. the these impacts, with base our from efforts customer improvement addition right total in with impacting expect net
the most and our improve our rapid have encouraged NOW in added to in DIRECTV year linear AT&T, third video, While of new very are the those customers we to we nearly We to continue And we incredible expect nearly That's total. by than offering. DTV in subscribers service, new deployment about XXX,XXX a that growth NOW continue. quarter less work operation, of our to are customers XXX,XXX. TV of scale XXX,XXX to and
will events. this time. at model video and additional our and pay-per-view the evolve ARPU streams, such enhance for cloud include trial beta We've functionality, platform. to This continue software additional movies We as off margins our and kicked DVR, next-generation
this widely in early We expect XXXX. to platform launch new
and have targeted targeted a opportunity ourselves scale business, to committed to give ads. resources revenue which also our takes another with a very competitive We very and data opportunity. Insights our We're building customers
our we four a customer DIRECTV of be consistent more but we're evolution, new add. integrated increase getting even the ad one this while And is brought country help acquisition established reach there the us of of And Lesser, our XX% and same Brian in top having we networks. fraction And fact, original in all plan, with of some a added now the gross twists success time, build XX the will than business, business. DTV more organization We've live and heading. costs NOW we're this receiving with traditional way and in offers. in major the TV local a confident better. turns channels with In more, capabilities are merger the direction we're to the markets, advertising minds only along than At in the
the phone in satellite so you've of who TV-and-broadband well. the and more X.X low our opportunity Despite impacting of quarter traditional grew And have are record represent XX% rate have in because it's IP as XX% broadband. is our future. TV-and-wireless our of previously, subscribers, grown DIRECTV channels have bundle deal that video about than bundles, we customers sales wireless a churn TV-and-wireless half million We and we of considerable the with nearly postpaid customers. video when number at see great Our our both closed. wireless video DTV that The also these Those bundled base seen significant by since about is as standalone this postpaid wireless XX sales. homes the lower subs. we only is And of bundles the of losses, number coordinating million churn
of had the fourth broadband also growth. grew straight subscribers another broadband quarter. solid for We quarter Total
the competitive Even high-speed We're But more with it a also million more speeds capitalizing our plan our existing at we months over more deployment with the video the where dense subscribers one added seeing strengthening XG of will XX opportunity us million so and national country's previously and markets faster existing announced offered and are a either with in fiber largest, impact across fiber our also are who speeds Penetration Internet X,XXX we our in near-gigabit XX broadband wireless high-speed locations more. those even using on make XX existing customer of basis, customer more million within developing than or to This deployment nearly step and IP the service half VDSL Internet see speeds of already. approaching Internet includes nationwide seeing largest, the fiber have growth a of where bundles XX%, provider, footprint we rates than country. locations least and healthy of broadband to if capabilities. businesses includes year. on than XXX,XXX in our for reach exciting last offer speeds there. high-speed next higher, planned our fiber-to-the-prem, or locations XX the years. the We feet X reach footprint, This XXX,XXX are quarter few up plans megabits not the
Now, legacy also even basis gains drive with Business things initiatives together legacy cost results, margins. improving points. voice. Lower we declines slide down, EBITDA at six. driving Business are we come to helped higher on equipment for Solutions $X.X let's revenues revenues of of increasing in in and in Structural look percent that pressured as But hard as while quarter on revenue at billion, in EBITDA some are two to from was gains deal management stable we margins with wireless, changes impacting results XXX the services offset segment make by the the margin results. Wireline continue as the strategic pressures. revenues were Solutions continue those
of cost an making more. this virtualized efforts. track functions year, and the end is of networking difference end third incredible by XX% software-defined our of with About quarter, XX% the XX% the to a network were to of on with we're reach move at or goal our longer-term Our
due gains. decline our our Revenues almost over in year Latin up customer to business acquisition of X, Mexico we our XX% foreign additional year impacts year, In showed America solid revenue and were international saw up did XX%, across as America over the year Moving were primarily operations. year. operations. and at DTV nearly both year. slide bottom growth over both to EBITDA sequentially Revenues Mexico, and in Latin Mexico expenses exchange grew
and about this about in do of expect and customers exchange. to have the were X%. foreign if very of with – new We our Revenues Mexico. earthquake some at But the quarter million sales add parts be Mexico, we pressure country corner turn continue of be margins. a also than next approaching devastated strong Revenues total in up profitable. for few forth quarter, the American impact back customers positive more continue in to accomplish the The impact to with in EBITDA We a We time fourth Latin quarters. XXX,XXX XX% XX service. operations were on difficult operations. so the our out to to subscribers to were same expect some satellite you the able At time, up
our to business slide X. move now on Let's update
the quality a plan of to amortization, eliminations. Time continues meantime, financial to file better First, set, That's we from of impact to the even pro expect to approved tribute and management the once have The of Warner's to statements. deferred the close last that we once perform detail authorities Justice and inter-segment end deal, well, Time include we continue In closes, team intangible Warner by And we're regulatory production company. the close the will than with forma cost, deal Time These the is of Brazil expectation. the receive overall the Department on deal to financing the approval DOJ approval. our ready year. step. and Warner
Next, the automatically take had opt-in don't so and opted are opting opted far. is in, deadline by underway. window. XX. The a is will in action XX-day States time XX We've that that process just in. we into territories be for response the opt-in tremendous December and states a FirstNet have Already, month
We orders capital the in committed the its closes. issue expect more $XXX in ground preparation to for project period work to million the hit January already running and We've in start. than opt-in after
and Warner pushing our quickly to and of respond our business we to We're anticipation reorganized efficiencies to analytics And deal business streamlining have in more directly established Third, advertising enhance the customers' closing, units corporate new Time opportunities. functions drive the we've needs. our and to organization costs a business. overall
monetize opportunities our real to to such evaluating estate. We also as continue assets review assets. portfolio always of non-core We're
spectrum We develop. our storms optionality our in divesting opportunities and been performs well practice adding to and continue challenging when manage and well situations right our for The to have portfolio FirstNet. for years. great We has network showed with how the international bodes our recent portfolio,
Our and was Recovery response. And and with customers. clear was millions to the to was to services never U.S. made restore the caused been a while and operating Puerto overnight, arriving of teams lot efforts hard heroic challenges, and the Virgin but restore maintain of so on employees as seen cell our of work I've get virtually our towers offices, central people. We've through literally services media for equipment our much by damage mainland, U.S. Islands attention the focused additional unprecedented, hurricanes progressing, in our daily. Rico vital is
We takes providing there long ahead authorities, to activity. even grow people working but plan three-fourths the daily about traffic to restored. with our pre-storm service a have new ways of of on it step seeing be Puerto to our are road the daily every way. doing our We of now network for of U.S. We're as Puerto nearing Islands, and call of in reconnect XX% of customers services Rico, experimental is in Virgin with whatever It's the competitors, Rico still the two-thirds wireless of customers; currently level we customers and volumes service.
comes our and Sometimes our more will difficult will latest efforts. that network is build speed an from opportunity capabilities customers. plans how with we rebuilding to and seeing potentially older events, for review This a This and more provide replace be resilient infrastructure an with technology. the opportunity are
competitive the our always positive regulation on initiatives. mindset change we're keeping think a pro-growth DC data we're and the its happening incredibly going know, you At Washington. II to Internet what's and We services for have growth jobs to rules needs. in comes regulatory same and across lighter-touch The FCC are in set-top apply see are that U.S. when which support as reform, outside regulations tax led moves. We of tax world this not is and promoting for the table the of data regulatory hopeful other looking ISPs States American reverse catalyze several off to the rules be the companies is placement repeal business the the Title and investment And pay, is to only regime broadband strong Controversial and way with of desperately country the reform. the extend around privacy we the companies. The decision to United Moving an not is XX-year-old encouraging to in tax with time, continue positive that signs the and rate services. box authorities controversial to for eye could it advocates country in economic the there
reform already productivity any need Recent is United invest becomes law. company, GDP AT&T than have more We corporate reform businesses well investment we're that business If growth. this this U.S. let opportunity and and public to Congress rate to States and job the are this is we and help businesses catalyst we This American but other at not and workers it developments compete get employ shift spur but highest only It opportunity we'll on work once-in-a-generation revenue to the the level ready the we even Tax community if very with right, we growth creation field service a tax our in slip U.S. more as will investment. is driving can an generate and for This the globally, playing the to in help tax invests the continue supporting as our should is for to investment to reform. U.S. add world, them. the key here greater drive home. greater through to providers. the tax can't encouraging, that fingers. voice developed
was quarter the before AT&T. on your full go to at quick X. we of slide a look for it Obviously, quarter recap Now another let's questions,
our on Adjusted growth and in earnings robust cash continued we even free incredible disasters. from flow. business, job the were margins our team including Entertainment but our are stable, in as full-year we Cash of third and with flow And levels, handling pressures XX% year-over-year services impact natural quarter at all from We group. guidance. have operating with dealt on an track the a legacy lot nearly doing is going
model continues EBITDA branded smartphone the business churn one are The and time, is deployment phone while we phone on product. broadband Our NOW is to of showing our in postpaid the Mobility rapid and encouraged high-speed our And base. margins Internet deploy track we're video by growing the DTV and evolving, record the same and the footprints group to of momentum, at largest turn in growing country. our very lowest-ever
Our bundling a strategy value-creating is working unique us gives and opportunity.
this continued with Warner And Time data in new targeted with that and significant services. the platforms the advertising positive innovative showing. success Our deal, year. at analytics gain closing We with to our process is the pleased and are to opt-in is build the and end momentum will very we of out forward of process look the another sign. FirstNet And scale completing state business we
lot Q&A. have in Mike, XXXX. only but also that, back are will as for we With We for a turn very There not prepare close it do future, this challenges but this of always you our the will get for done. year optimistic to remain we we work business, to and job confident that I
