AT&T said sales for the second quarter of 2020 were lower across all of its segments because of the coronavirus pandemic. That included a 22.9% plunge in WarnerMedia revenue, which the telco sa…
revenue, which the telco said was partly due to lower content and ad sales related to COVID-19.
Revenue also declined in AT&T’s domestic video and legacy wireline services, and Latin America was impacted by foreign exchange pressure, the telco said. Customers of the AT&T Now “skinny” bundle plunged 46% year-over-year, to stand at 720,000 at the end of June 2020. On the positive side, even with the revenue drops, AT&T beat Wall Street’s earnings forecasts. The company also touted the launch of HBO Max as “successful,” having contributed to, or up 5%, since the end of 2019.
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