AT&T Results Presentation Deck
8
4Q20 Communications Segment
$ in billions
REVENUES
EBITDA MARGIN
Mobility
$18.7
$7.5
40.3%
4Q19
$2.5
38.4%
4Q19
Business Wireline
$6.6
$6.3
$20.1
$2.0
$7.1
18.2%
4Q19
35.3%
4Q20
$2.3
O
36.8%
4Q20
EBITDA
Strong subscriber momentum continues
Successful promotions drove customer growth and lower churn
$3.1
$1.1
Business Wireline continues to deliver solid margins
Growth in strategic and managed services helped offset declines in legacy services revenues
COVID-related estimated revenue impact of ~($100M)
Continued focus on higher-margin products and services
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Broadband & Video (formerly Entertainment Group)¹
Combined¹
$11.2
$7.2
●
O Near-record postpaid phone churn of 0.76% - full year 0.79%
o Service revenues returned to growth as subscriber gains offset roaming declines of ~($200M)
●
Broadband Video Combined¹
$10.3
$1.7
$0.6
16.8%
4Q20 4020 4020
Focus on fiber and high-quality customer base
273,000 fiber net adds in 4Q; 1 million+ in 2020
Premium TV net loss improvement (617K) due to lower churn
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¹For comparative purposes, Combined represents the historical Entertainment Group business unit that is calculated by combining the Video and
Broadband business units, adjusted to remove the business video operations previously reported in the Business Wireline business unit.
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