What's Are The Key Drivers Of AT&T's Revenues?
CommunicationsAT&T's communications division includes its Mobility, Entertainment, and Business Wireline operations and accounts for over 75% of AT&T's revenues.On a QoQ basis, sales declined due to lower equipment sales in the mobility division and continued subscriber losses from the Pay TV business. On a YoY basis, revenues remained almost flat.
Warner MediaAT&T acquired Time Warner in Q2 2018. The division accounts for close to 20% of AT&T's total revenues.Revenues declined by about 8% QoQ in Q1, driven by lower revenues from Warner Brothers.
Latin AmericaThe Latin America segment includes AT&T's Mexican Wireless business and its Latin American Pay TV operations. The segment accounts for less than 4% of total revenues. Revenues have been declining steadily, partly due to currency headwinds and a weaker Pay TV business.