Below are my key takeaways from the AT&T Q2 2016 Earnings Call on July 21:
DirecTV integration is going well, adding nearly 1MM subs since the acquisition, +342K in the quarter. Over 80% of TV subs on satellite platform. Added 2.1MM wireless subs via connected devices, Mexico and Cricket. Second lowest ever US wireless postpaid churn at 0.97%. Best ever US wireless EBITDA margins of 41.4%.
Ad sales growing by double digits YTD. IP Broadband revenues up 15%, total broadband revenues up 7%.
In Mexico, added 780K wireless subs with revenue up 13% sequentially. In DirecTV Latin America, revenue up 8% sequentially to$1.2B, while adding 87K TV sub.
Acquired Quickplay Media, a video streaming platform that powers OTT and TV Everywhere services.