AT&T Results Presentation Deck

3Q23 Financial Summary Continuing Operations, $ in billions, except EPS Revenues $30.0 $30.4 3Q22 3Q23 Adjusted EPS+² Adj. Ol Margin¹¹ Continuing Operations Reported EPS Adjustments: $0.68 $0.64 20.7% O 21.5% 3Q22 3Q23 DIRECTV intangible amortization (proportionate share) Actuarial (gain)/loss Restructuring and non-cash impairments* 3Q22 $0.79 Cash from Ops Free Cash Flow +3 $10.3 $10.1 $0.04 ($0.14) $0.01 ($0.02) $0.68 $3.8 $5.2 3Q22 3Q23 Other adjustments Continuing Operations Adjusted EPS *3Q23 includes $0.06 severance charge and $0.05 impairment of an equity investment 3Q23 $0.48 $0.03 ($0.01) $0.11 $0.03 $0.64 © 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. 6 Revenue growth driven by subscriber and ARPU gains Revenues of $30.4B, up $0.3B Mobility service revenue growth of 3.7%, 4.6% YTD Consumer broadband revenue growth of 9.8%, 8.1% YTD Adjusted EPS of $0.64 Includes ~($0.08) impact from higher non-cash pension costs, lower capitalized interest, higher effective tax rate and lower equity income from DIRECTV Cash from operations of $10.3B; $26.9B YTD, up $1.5B Free cash flowt3³ of $5.2B; includes $0.9B from DIRECTV Capital expenditures of $4.6B Capital investment ¹4 of $5.6B; includes $1.0B of vendor financing payments t See notes slide 10 2023 YTD free cash flowt3 of $10.4B, up $2.4B, with $0.9B lower DIRECTV cash AT&T

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