AT&T touted its progress on meeting various financial objectives which it had laid out for itself in 2019, but 2020 may be trickier still to navigate: the launch of a new streaming service in which it has heavily invested and plans to tie deeply to its 5G network roll-out, along with marketing efforts to boost both that streaming service and 5G device upgrades.
Investors sent the company’s stock down more than 3% in midday trading. AT&T continued to shed DirecTV satellite subscribers during the most recent quarter, while its all-important wireless segment had a strong quarter.
