Using content from Time Warner, AT&T is developing online businesses of its own, such as WatchTV, but those will take time to catch on. The division, led by DirecTV, is continuing to lose customers to fast-growing online businesses, like Netflix Inc. pay-TV subscribers, compared with the loss of about 191,000 anticipated by analysts. The Dallas-based company’s phone sales fell $500 million in the recent quarter due to sluggish upgrades, Chief Financial Officer John Stephens said on an earnings conference call.ĪT&T also lost 658,000 U.S. and other phone makers: People are hanging onto their smartphones longer. A loss of 410,000 users of nonphone devices like smartwatches and tablets drove the disappointment.ĪT&T fell victim in part to the same phenomenon that’s bedeviling Apple Inc. monthly wireless subscribers in the period, far under projections of about 252,000. The stock fell as much as 5.5% Wednesday, the biggest intraday drop in three months, before gaining back some ground.ĪT&T added a net 13,000 U.S. That led to a shortfall in overall sales relative to analysts’ estimates. Use This System For: Improving Your Cell Phone Signal Inside A Small Area Like A Room, Study, Workshop, Garage, Trailer, Mobile Home. Availability: In Stock - Usually Ships In 1-2 Days. wireless and pay-TV subscribers, came in well below Wall Street predictions in the fourth quarter. The Home Room by weBoost is our standard, multi-user cell signal. AT&T Inc., in the middle of a high-stakes effort to turn itself into a media and entertainment juggernaut, finds itself playing catch-up in its bread-and-butter businesses of wireless and pay-TV services.

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