AT&T Projects Q1 2025 Earnings, Plans DirecTV Sale

AT&T is set to release its first-quarter 2025 results on April 23, and has projected adjusted earnings per share of at least 48 cents, aligning closely with analysts' expectations of 49 cents. The company is focusing on expanding its high-speed fiber internet services alongside 5G mobile plans to navigate the increasingly competitive U.S. wireless market. AT&T has also reiterated its annual adjusted profit forecast, estimating earnings between $1.97 and $2.07 per share. In a strategic move to enhance its financial position, AT&T plans to sell its 70% stake in DirecTV to private equity firm TPG, with cash payments expected to range from $1.4 billion to $1.5 billion upon completion of the deal in mid-2025. This divestment is part of AT&T's broader strategy to shift focus towards core services amidst a transforming telecom landscape. Analysts observe that these initiatives may help the company maintain a competitive edge as it adapts to market changes.