AT&T (NYSE: T) said Thursday that it surpassed 8 million total U-verse subscribers during the fourth quarter, as it gained 192,000 U-verse TV and 609,000 high-speed Internet customers.
(Image source: AT&T investor briefing)
The telco, which flipped the switch on U-verse in 2005, said it now counts 4.5 million subscription video and 7.7 broadband subscribers. Average revenue in U-verse homes that take its triple play increased to $170 monthly, and AT&T said about 70 percent of its U-verse TV subscribers now take three or four products, including its AT&T Wireless service.
With AT&T continuing to lose DSL subscribers, AT&T CFO John Stephens said that for the first time, the company counts more U-verse Internet subscribers than DSL customers.
"We believe the best is yet to come. We think there is a lot of room for growth here," Stephens told analysts on the company's earnings call Thursday, noting that penetration rates for U-verse TV and high-speed Internet continue to climb. U-verse TV had reached an 18.7 percent penetration rate at the end of the fourth quarter, AT&T said.
AT&T said its IP-based U-verse products accounted for 61 percent of its wireline consumer revenue during the fourth quarter, up 10 percent compared to the same period in 2011. Consolidated revenue increased 0.2 percent to $32.6 billion, and AT&T reported a net loss of $3.9 billion (68 cents per share), compared to a net loss of $6.7 billion ($1.12 per share) in the fourth quarter of 2011.
- see the earnings release
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