DALLAS, March 10, 2025 /PRNewswire/ --

Tomorrow, AT&T's chief financial officer will participate in a fireside chat where he will discuss the Company's multi-year strategic growth plan.

Key Takeaways:

Pascal Desroches, chief financial officer, AT&T Inc. (NYSE:T), will speak tomorrow at the Deutsche Bank Media, Internet & Telecom Conference where he will provide an update to shareholders.

• AT&T remains on track to achieve its 2025 consolidated financial guidance and deliver on its multi-year outlook.
• AT&T remains on track to meet all of the 2025 and multi-year financial and operational guidance and capital allocation plans shared during its fourth quarter 2024 earnings conference call and at its 2024 Analyst & Investor Day.
• As previously disclosed, beginning in 2025, AT&T's reported free cash flow and adjusted EPS will exclude DIRECTV. The Company has provided a recast of historical results for these two financial measures in its Form 8-K dated December 3, 2024.
• The Company continues to expect full-year adjusted EPS of $1.97 to $2.07 and expects first-quarter adjusted EPS of approximately $0.48, or higher. This would result in adjusted EPS in the first quarter of 2025 that is consistent with, or better than, the first quarter of 2024, when excluding DIRECTV from the prior year.
• The Company continues to expect full-year free cash flow of $16 billion+ and expects first-quarter free cash flow of approximately $2.8 billion, or higher.
• In addition, during the first quarter of 2025, AT&T expects to receive approximately $1.4 to $1.5 billion of cash payments from DIRECTV related to its agreement to sell its 70% stake in DIRECTV to TPG.
• The Company also received more than $850 million in cash proceeds from the previously announced structured sale-leaseback of real estate to Reign Capital.
• The Company continues to expect to achieve its net leverage target of net-debt-to-adjusted EBITDA in the 2.5x range in the first half of 2025 and maintain leverage within this range through 2027.

Conference details and more are available on the AT&T Investor Relations website. Full conference details are posted on the AT&T Investor Relations website, including a replay of the webcast. To automatically receive AT&T financial news by email, please subscribe to email alerts.

Non-GAAP Measures and Reconciliations to GAAP Measures

Adjusted diluted EPS is calculated by excluding from operating revenues, operating expenses, other income (expenses) and income tax expense, certain significant items that are non-operational or non-recurring in nature.

Cautionary Language Concerning Forward-Looking Statements

Information set forth in this news release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.

About AT&T

We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 140+ years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.

SOURCE AT&T