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News Release AT & T Reports Second - Quarter Results Updates full - year guidance for consolidated revenue , wireless service revenue , adjusted EPS and free cash flow Continued wireless , fiber and HBO Max subscriber gains and strong cash flows Second - Quarter Consolidated Results Consolidated revenues of $ 44.0 billion , up 7.6 % Diluted EPS of $ 0.21 compared to $ 0.17 in the year - ago quarter , up 23.5 % Adjusted EPS of $ 0.89 compared to $ 0.83 in the year - ago quarter , up 7.2 % Cash from operations of $ 10.9 billion Capital expenditures of $ 4.0 billion ; gross capital investment¹ of $ 5.3 billion and cash content spend of $ 5.3 billion Free cash flow² of $ 7.0 billion ; total dividend payout ratio of 55 % ³ Note : AT & T's second - quarter earnings conference call will be webcast at 8:30 a.m. ET on Thursday , July 22 , 2021. The webcast and related materials will be available on AT & T's Investor Relations website at https://investors.att.com . DALLAS , July 22 , 2021 · AT & T Inc. ( NYSE : T ) reported second - quarter results that showed continuing customer growth in wireless , fiber and HBO Max . The company also reported strong cash flows . " We're pleased with our performance and our momentum strong , " said John Stankey , AT & T CEO . " For the fourth consecutive quarter , we saw good subscriber growth across wireless , fiber and HBO Max . Mobility delivered strong service revenue , EBITDA and postpaid phone growth . Our fiber business , which leads on customer satisfaction , grew subscribers and penetration . HBO Max had another strong quarter and is ahead of plan to be a leading direct to - consumer streaming platform , with both subscriber- and ad - supported choices . As a result , we're raising our global HBO Max year - end forecast to 70 million to 73 million subscribers . Also , we're updating full - year guidance for consolidated revenue , wireless service revenue , adjusted EPS and free cash flow . "