AT&T's Television Business Continues to Crumble
As a whole, AT&T (NYSE: T) did pretty well last quarter. Sales were down, but profits were up, and though the top and bottom lines both missed expectations, the coronavirus pandemic has thrown most organizations an unhittable curve ball. All things considered, the company's first fiscal-quarter numbers were healthy enough.
There was one glaring misstep, however, that was shocking but not necessarily surprising. AT&T's television unit lost another 897,000 cable subscribers and another 138,000 streaming customers. That makes the three-month stretch ending in March the seventh consecutive quarter AT&T has lost TV customers. In fact, the loss seems to be accelerating.
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Source Fool.com
