By Samiat Jan, 29, 2025 Featured
T-Mobile reported $2.98 billion in net income ($2.57 per share) on $21.87 billion in revenue, surpassing analyst projections of $2.63 billion ($2.26 per share) on $21.31 billion in revenue.
CEO Mike Sievert highlighted the company's record-low churn rate and continued subscriber growth. T-Mobile added 903,000 postpaid phone customers and 428,000 net internet customers, both exceeding expectations.
For 2025, T-Mobile expects to gain 5.5 million to 6 million net new customers but did not provide a profit forecast due to uncertainties around tax and interest expenses.
T-Mobile shares rose over 6% in premarket trading Wednesday and have gained 35% over the past year.
Tags:
Share On Facebook Twitter Linkedin Whatsapp Telegram
Start investing with Acorns today! Get $5 when you use my invite link: Z24WWE