AT&T Results Presentation Deck

7 2Q23 Financial Summary Continuing Operations, $ in billions, except EPS Revenues $29.6 $29.9 2Q22 2Q23 Adjusted EPS+4 Adj. Ol Margin¹¹ Continuing Operations Reported EPS Adjustments: $0.65 $0.63 19.9% O 21.4% 2Q22 2Q23 DIRECTV intangible amortization (proportionate share) Actuarial and settlement (gain)/loss - net Non-cash restructuring and impairments Other adjustments Continuing Operations Adjusted EPS 2Q22 $0.59 Cash from Ops Free Cash Flow +5 $9.9 $0.04 ($0.13) $0.06 $0.09 $0.65 $7.7 $4.2 $1.4 2Q22 2Q23 2Q23 $0.61 $0.03 ($0.01) $0.63 © 2023 AT&T Intellectual Property. AT&T and globe logo are registered trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. Revenue growth driven by subscriber and ARPU gains Revenues of $29.9B, up $0.3B Mobility service revenue growth of 4.9% Consumer broadband revenue growth of 7.0% Adjusted EPS of $0.63 Includes ~($0.07) impact from higher pension costs, lower equity income from DIRECTV and lower capitalized interest Cash from operations of $9.9B; $16.6B YTD, up $1.2B Free cash flowt5 of $4.2B; includes $0.6B from DIRECTV Capital expenditures of $4.3B Capital investment¹3 of $5.9B; includes $1.6B of vendor financing payments t See notes slide 12 2023 YTD free cash flowt5 of $5.2B, up $1B, with $0.8B lower DIRECTV cash and $0.7B lower net impact of receivable sales** **Net impact of receivable sales is calculated as cash proceeds received, net of remittances paid, from sales of receivables. AT&T

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