AT&T Stock Drops Despite Adding Subscribers. Here’s Why.

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Updated July 21, 2022 9:44 am ET / Original July 21, 2022 7:01 am ET

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In its first three months as a telecom pureplay in years, AT&T showed big subscriber growth from the year-ago period but fell flat on its free cash flow generation. That wasn’t positively received by the company’s dividend-focused shareholder base.

Elsewhere, the new-look AT&T (ticker: T)added more wireless and fiber subscribers than expected, paid down debt, and continued to invest in fiber and 5G—while beginning to feel the impact of a slowing economy.

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