AT&T raises forecast for revenue, HBO Max as business recovers from pandemic

FILE PHOTO: Shoppers walk past an AT&T store at the King of Prussia Mall in King of Prussia, Pennsylvania, U.S. November 22, 2019. REUTERS/Mark Makela/File Photo

(Reuters) -AT&T Inc on Thursday raised its full-year financial forecast as the telecoms company emerged from the pandemic with more wireless and internet customers, and beat analyst estimates for phone subscribers and revenue in the second quarter.

The results come as AT&T is unwinding its expensive media investments to focus on its original business of providing phone and internet services.