AT&T (NYSE:T) saw its stock surge more than 6% after reporting greater-than-expected subscriber growth in Q4 2022.
The company managed to add 217 million subscribers across all its divisions, beating analysts’ expectations of 215 million subscribers.
In addition, the company recorded an EPS of 61 cents, more than the expected 57 cents per share.
According to AT&T’s CEO, the telecom industry is performing well, despite the assumption that there is a pricing war among the different providers.
AT&T has been unfazed by discounts offered by other service providers that attempt to lure away subscribers.