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WarnerMedia Takes $960M Pandemic Earnings Hit, AT&T Loses 627,000 Video Subs

Telecom giant AT&T on Thursday reported its third-quarter results, the second set of financials and subscriber data fully affected by the novel coronavirus pandemic. The company said its quarterly figures included a $1.72 billion hit to quarterly earnings tied to the coronavirus pandemic, as well as $190 million in incremental costs tied to the pandemic.

For WarnerMedia, it detailed a $960 million hit from the pandemic to earnings before interest, taxes, depreciation and amortization in the third quarter ended in September, with management on the earnings call speaking of a $1.6 billion revenue hit a the unit. AT&T, led by CEO John Stankey,also disclosed that it lost 627,000 video subscribers, including 590,000 premium TV subscribers, in

. reports 2020 pandemic

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