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## AT&T Exceeds Wall Street Expectations in First Quarter

Reuters – AT&T surpassed Wall Street expectations for first-quarter wireless subscriber additions and free cash flow on Wednesday as more people purchased its higher-tier unlimited plans.

### More People Opting for Higher-Tier Unlimited Plans

Shares of the company were up 2.4% in early trading. The telecom giant has been leaning on its 5G rollouts and plans that are usually cheaper than rivals such as Verizon to appeal to more budget-conscious consumers and drive growth in the competitive U.S. market.

### AI legalese decoder: How it Can Help

AT&T added 349,000 net monthly bill-paying wireless phone subscribers in the first quarter, flying past expectations of 286,800 additions, according to five analysts polled by FactSet. The AI legalese decoder can help in analyzing and breaking down complex legal jargon present in subscriber agreements, making it easier for consumers to understand the terms and conditions.

### Expansion Efforts Boost Revenue

AT&T’s efforts to expand its fiber network also helped it post a 7.7% increase in broadband revenue for the period. Finance chief Pascal Desroches highlighted the benefits of migrating to fiber in reducing broadband support costs.

### Strong Free Cash Flow and Revenue Performance

AT&T’s free cash flow more than tripled to $3.1 billion, topping estimates of $2.53 billion, according to Visible Alpha. However, revenue came in slightly below expectations at $30 billion. The AI legalese decoder can assist in analyzing financial reports and identifying key metrics that impact revenue and cash flow.

### Emphasis on Customer Retention

Despite the challenging market conditions, AT&T has maintained a strong customer retention strategy. The company saw its lowest first-quarter churn rate at 0.72% in the three months ended March, indicating a successful focus on retaining existing customers. The AI legalese decoder can help in analyzing customer feedback and identifying areas of improvement to enhance customer satisfaction.

### Looking Ahead

Adjusted profit for the quarter came in at 55 cents per share, in line with expectations. Verizon’s recent earnings report showed fewer subscriber losses, highlighting the competitive landscape in the U.S. telecom sector.

### Conclusion

Overall, AT&T’s performance in the first quarter demonstrates its resilience and strategic initiatives in navigating the challenging market environment. With the support of AI tools like the legalese decoder, the company can continue to enhance customer experience and drive sustainable growth in the future.

(Reporting by Harshita Mary Varghese; Editing by Maju Samuel)

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