By Angela Palumbo

T-Mobile reported better than expected first-quarter results, including customer additions, on Thursday.

T-Mobile said first-quarter adjusted earnings were $2.58 a share on revenue of $20.9 billion. Analysts surveyed by FactSet were expecting the wireless provider to report earnings of $2.47 a share on revenue of $20.6 billion. In the same period last year, T-Mobile reported earnings of $2 a share and revenue of $19.6 billion.

T-Mobile also added 1.34 million postpaid net customers in the first quarter, compared with the 1.18 million Wall Street expected. Postpaid net customer additions are still expected to be between 5.5 million and 6 million in 2025.

"T-Mobile delivered big yet again with outstanding Q1 results across wireless and broadband, including our best ever Q1 total postpaid customer gross and net additions -- proof that our consistent customer-first focus has put us in the best position to succeed in this dynamic environment," CEO Mike Sievert said in the company's earnings release.

T-Mobile's earnings follow results from rival Verizon Communications and AT&T earlier this week. Verizon reported better-than-expected first-quarter earnings, but said it had lost more postpaid net phone subscribers than analysts expected. Meanwhile, AT&T reported earnings that were in-line with Wall Street estimates and said it added more phone subscribers in the quarter than expected.

The telecom earnings come as the Trump administration implements hefty tariffs on U.S. trade partners. While smartphones are temporarily excluded from these levies, there's a possibility of separate tariffs being applied to the category in the coming months.

Macroeconomic uncertainty could also impact the carriers, if consumers start to pull back spending on nonessentials, like phone upgrades, or trade down to less expensive phone plans.

Write to Angela Palumbo at angela.palumbo@dowjones.com

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April 24, 2025 16:05 ET (20:05 GMT)

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