E489 - AT&T's Five Billion dollar Profit illusion

📡 AT&T's Five Billion Dollar Profit Illusion

Did AT&T really make $11 billion more from the business — or does the headline profit number hide a much different story?

In this episode of Trail Boss Radio, we're taking AT&T (T) down the trail and looking behind the 2025 profit headline.

AT&T reported $21.95 billion in net income, compared with about $10.9 billion the year before. That's a massive improvement.

But here's where the Trail Boss starts asking questions.

A $5.6 billion tax-free gain from the DIRECTV sale helped boost earnings, while the absence of a $4...