AT&T Earnings and U-Verse Update

AT&T reported solid earnings this morning, with income of $3.5 billion on sales of $30.7 billion for the first quarter. Like last quarter, wireless revenue drove growth, but U-Verse data looked pretty good too. As Om wrote yesterday, AT&T affirmed that it’s on track to add 1 million U-Verse subscribers by the end of 2008. At the end of March AT&T counted 379,000 subscribers for the IPTV service with 148,000 net adds in the quarter. Maybe when AT&T files its 10-Q we can see what the U-Verse churn looks like.