AT&T Inc. (NYSE:T) has reported Q1 2022 earnings with revenue of $38.11 billion and an EPS of $0.77, outperforming market estimates by $0.08. The company has officially exited the media business to refocus on telecommunications as it navigates significant debt pressures. Despite a year-over-year earnings decline of 13.3%, AT&T is demonstrating strong subscriber growth over competitors like Verizon, maintaining a 5.73% dividend yield that continues to attract hedge fund interest.