AT&T Posts 1.5M Postpaid Net Adds as 2025 Revenue Hits $120.9B
AT&T’s Communications segment revenue rose to $120.89 billion in 2025, up from $117.7 billion in 2024, driven by over 1.5 million postpaid net adds and converged service offerings for the fifth consecutive year. Forward P/E stands at 12.01 versus 13.14 for the industry, while debt remains high at $127.09 billion.
1. Share Performance Relative to Peers
AT&T shares rose 9.5% over the past year while the Wireless National industry declined 3.7%. Competitors saw mixed results, with Verizon up 18.8% and T-Mobile down 16.8%, indicating varied market dynamics.
2. Communications Segment Growth
In 2025, AT&T’s Communications segment revenue increased to $120.89 billion from $117.7 billion in 2024. The division posted over 1.5 million postpaid net additions for the fifth straight year, bolstered by converged service bundles that enhance customer retention.
3. Network and AI Innovations
AT&T is transitioning to an open, software-driven mobile network architecture to support multi-vendor deployments and improve energy efficiency. The company tested AI-native link adaptation with Ericsson and launched a Connected AI solution with MicroAI, NVIDIA and Microsoft to optimize smart manufacturing processes.
4. Financial Position and Valuation
As of December 31, 2025, AT&T held $18.23 billion in cash against $127.09 billion in long-term debt, with a current ratio of 0.91 and interest coverage of 5x. The stock trades at a forward P/E of 12.01, below the industry average of 13.14, reflecting relative valuation appeal despite high leverage.