AT&T Loses Video Subs In Q1 As U-Verse Drop Outweighs DirecTV Gains

The company reported net profits of $3.8 billion, up 15.2% vs the same period last year. Revenues, with the addition of DirecTV, were  up more than 24% to $40.5 billion — right where analysts expected. Adjusting for one-time expenses, earnings hit 72 cents a share, beating forecasts for 69 cents. AT&T says that DirecTV added 328,000 subscribers, although the company total — including U-verse – declined by 54,000.

Source: AT&T Loses Video Subs In Q1 As U-Verse Drop Outweighs DirecTV Gains | Deadline