T-Mobile Reports Strong Q4 Results, Exceeding Analyst Estimates
Key Highlights:
* Added 903,000 monthly phone customers, surpassing estimates of 865,000
* Earnings per share rose to $2.57, outperforming expectations of $2.29
* Fourth-quarter total revenue reached $21.9 billion, above estimates of $21.3 billion
* Added 428,000 high-speed internet customers, beating forecasts of 409,000
Company Outlook:
* Expects to gain between 5.5 million and 6 million total post-paid customer net additions in 2025
* CEO Mike Sievert anticipates "an even more exciting" 2025
Market Performance:
* Shares of T-Mobile (TMUS) gained nearly 5% in premarket trading
Competitive Landscape:
* Followed by positive quarterly results reported by AT&T (T) and Verizon (VZ) in the past week
* T-Mobile boasts the largest 5G network among major wireless providers
Recent Developments:
* Invested $4.9 billion in a joint venture with KKR & Co. to acquire Metronet, a fiber-optic internet service provider