AT&T Q2 Earnings: $4.4B In Mobile Data Revenues, 3.2M New iPhone Activations

AT&T just released its Q2 earnings, reporting a 26% overall increase on strong mobile data revenues of $4.4B.

AT&T added 1.6 million total wireless subscribers during the quarter to total 90.1 million.  Not surprisingly, the growth including a record 3.2 million new iPhone activations, 27% of which for customers new to the carrier.  The exclusivity agreement for the iPhone combined with the timely release of the iPhone 4 meant 73% of new iPhone activations during the quarter were upgrades.

AT&T’s wireless data revenues increased 27.2% in the second quarter, with subscribers on data plans growing close to 24% over the past year.  Total text messages transmitted over the AT&T network increased 41.7% year-over-year to 154 billion, and multimedia messages more than doubled to 2.6 billion.

Overall, AT&T’s net income rose to $4.02 billion in Q2, up from $3.2 billion a year ago.  Consolidated revenues totaled $30.8 billion, up 0.6% over the year-earlier quarter, which represents the operator’s second consecutive quarter with a year-over-year revenue increase.  Things are looking good for the nation’s #2 carrier, but once the iPhone era ends and other carriers get a piece of the action, things will undoubtedly change.