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AT&T’s CEO Predicts That Millions More Will Cut the Cord

  • Stankey sees ‘plateauing’ when subscribers fall to 60 million
  • About 91 million homes had pay-TV service at the end of 2019
   

Source: Getty Images

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TV cord-cutting is picking up steam, and AT&T Inc.’s CEO predicts there’s a long way to go before it stops.

On an earnings call Thursday, AT&T Chief Executive Officer John Stankey said “we’re probably going to see a little bit of a plateauing” when the number of homes subscribing to pay TV hits 55 million to 60 million. Most of those homes will include sports fans, he said.