AT&T Q1 earnings are out, $600 million gone because of COVID-19

While we’re staying at home, using our phones more than ever, , some carriers aren’t having the jolly time we think they do.

AT&T just released its and the results are a mixed bag. The company missed its revenue target by $1.4 billion and compared to last year’s Q1, revenue is down 4.6%. At the same time, earnings have gone up 14.1% YoY, reaching $4.69 billion.

AT&T estimates that the impact of COVID-19 was about $600 million of missing revenue and without it, the overall change would have been only -3.2%.

Those numbers include all of AT&T’s businesses, when we ...