AT&T revenue 2006-2023

AT&T’s worldwide operating revenue was 128.4 billion U.S. dollars in 2023, representing a slight increase compared to the previous year. Overall, AT&T's revenue has decreased significantly since the company completed a 2022 deal to spin off its interest in media company WarnerMedia.

AT&T refocuses on communications

AT&T has pivoted its strategy to concentrate on its core telecommunications business after divesting its WarnerMedia assets. Indeed, the company’s communications segment accounts for nearly all its revenues. However, AT&T remains a dominant force in the U.S. wireless market, accounting for nearly 30 percent of major operator subscriptions in the U.S. as of 2024, topped by Verizon and T-Mobile respectively. Nonetheless, AT&T continues to be the second-largest U.S. telecom operator by revenue. 

Competition in the 5G space

However, AT&T faces fierce competition from Verizon and T-Mobile US, particularly in the rapidly evolving 5G landscape. In 2024, AT&T ranked in the second position in the U.S. 5G coverage but ranked third in typical 5G download speeds. T-Mobile US has emerged as the front-runner in both categories, leveraging substantial investments in its 5G infrastructure to challenge the established duopoly of AT&T and Verizon.