NEW YORK – The pandemic continued to hit AT&T through the third quarter as closed theaters, wary U.S. moviegoers and the Hollywood shutdown hurt its WarnerMedia movie and TV business.
It added 131,000 prepaid phone customers and 645,000 postpaid phone customers, those who pay a regular monthly bill.
It lost 590,000 “premium” video customers, which includes DirecTV, in the latest quarter, and also dropped 37,000 customers of its streaming service, AT&T TV Now.
The new HBO Max streaming service had 8.6 million activations.
AT&T shares rose $1.73, or 6.5%, to $28.44 Thursday, which Goldman Sachs analyst Brett Feldman attributed to improved subscriber trends.