TL;DR: AT&T Q3 2025 10-Q Summary
AT&T reported a strong operational turnaround for Q3 2025, heavily boosted by the one-time gain from the DIRECTV sale. Q3 Net Income reached $9.314 Billion ($1.29 EPS), compared to a loss in Q3 2024. Nine-month revenues rose to $92.182 Billion, with Operating Income growing to $18.37 Billion, largely due to the substantial absence of goodwill impairment charges seen last year. Liquidity is significantly improved, with cash and equivalents surging by over $16.9 Billion since year-end 2024, reaching $20.27 Billion. This cash build-up coincided with iss
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