AT&T posted a surprise gain in first quarter net wireless subscribers who pay a monthly bill.
AT&T missed Wall Street estimates for quarterly revenue on Wednesday, hit by lower-than-expected sales in its WarnerMedia unit and a shortfall in income from a wireless business where it has cut prices to draw in customers.
WarnerMedia, which includes Turner and premium TV channel HBO, reported revenue of $8.38 billion in the quarter, falling short of analysts' estimates of $8.45 billion, according to IBES data from Refinitiv. However, that meant Mobility, AT&T's largest segment which includes its wireless business, had revenue of $17.57 billion during the quarter, missing estimates of $17.65 billion.
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