{"id":178386,"date":"2021-01-27T16:14:54","date_gmt":"2021-01-27T16:14:54","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=307937"},"modified":"2021-01-27T16:14:54","modified_gmt":"2021-01-27T16:14:54","slug":"video-hobbles-att-in-q4","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2021\/01\/27\/video-hobbles-att-in-q4\/","title":{"rendered":"Video hobbles AT&T in Q4"},"content":{"rendered":"

<\/p>\n

\tAT&T swung to a net loss in Q4 2020, booking more than $16 billion in impairment charges on its video and entertainment businesses which offset significant gains in its mobile unit.<\/p>\n

The operator recorded a $15.5 billion charge related to a reassessment of its video business, which includes its DirecTV, U-verse and AT&T TV products. An additional $780 million charge in its WarnerMedia unit was attributed to content production delays and cinema closures.<\/p>\n

During the quarter, AT&T was\u00a0reported to be exploring options [1] for its video unit.<\/p>\n

All told, AT&T posted a net loss of $13.9 billion compared with a profit of $2.4 billion in Q4 2019, on revenue of $45.7 billion, down 2.4 per cent.<\/p>\n

It estimated the impact of Covid-19 (coronavirus) on revenue at $2.5 billion.<\/p>\n

Mobile proved a bright spot, with revenue up 7.6 per cent to $20.1 billion: equipment revenue grew 28.3 per cent to $6.1 billion and service revenue was flat at $14 billion.<\/p>\n

On an earnings call, outgoing CFO John Stephens highlighted mobile subscriber growth as \u201cthe best it\u2019s been in years\u201d.<\/p>\n

Net additions of 5.8 million connections were up from 3.6 million in the 2019 period. Of the latest number, 800,000 were post-paid subscribers, compared with 229,000.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/att-eyes-new-directv-deal-option<\/p>\n\n

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AT&T swung to a net loss in Q4 2020, booking more than $16 billion in …<\/p>\n

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