AT&T Stock Surges as Q4 Profit Soars

AT&T ( T ) shares surged Monday morning after the telecommunications giant reported better-than-expected fourth-quarter results.

The company reported net income that jumped 70% year-over-year to $4.41 billion, or 56 cents per share, on revenue of $32.3 billion. Analysts polled by Visible Alpha expected profit of $3.38 billion, or 46 cents per share, on roughly flat revenue of $32.07 billion.

"The strong results this quarter are the result of a four-plus-year period of hard work and consistent execution by our teams, which has positioned us well for a new era of growth," CEO John Stankey said.

The company also said it expects low-single-digit 2025 service revenue growth, along with adjusted EBITDA growth of at least 3%.

AT&T added a net 482,000 postpaid phone customers in the quarter, along with 307,000 net subscribers for its fiber internet service, which it said has gained at least 200,000 net adds for 20 consecutive quarters.

AT&T shares were up about more than 6% shortly at market open Monday to $24.18, reaching their highest level since May 2021. They had gained more than 30% over the last 12 months through Friday's close.

AT&T's rival Verizon Communications ( VZ ) beat Q4 estimates on Friday , and T-Mobile ( TMUS ) is slated to report results on Wednesday morning.

UPDATE—This article has been updated with the latest share price information and AT&T's reported subscriber growth.

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