AT&T's CEO Says There's a Lot More Cord-Cutting Coming

AT&T (NYSE: T) counts 17.8 million pay-TV subscribers as of the end of the third quarter. That's more than 7 million fewer subscribers than just two years ago. While the company showed progress in stemming the losses, down just 627,000 last quarter, CEO John Stankey thinks there are a lot more losses coming.

During the company's third-quarter earnings call, he opined cord-cutting won't really stop until we get to between 55 million and 60 million subscribers. There were about 87 million subscribers as of mid-2020.

Image source: Getty Images.

Source Fool.com