By Dean Seal
T-Mobile US beat revenue and profit expectations in the fourth quarter as it continued to add more wireless phone customers than its top competitors.
The cell carrier posted a profit of $2.98 billion, up from $2.01 billion in the same quarter a year ago. Earnings were $2.57 a share, beating analyst estimates for $2.29 a share, according to FactSet.
Revenue rose 6.8% from a year ago to $21.87 billion. Analysts surveyed by FactSet had been expecting $21.33 billion.
The Bellevue, Wash., company said it added 903,000 postpaid phone subscribers, its most lucrative phone connection where service is paid for each month on a contract.
The figure topped Wall Street expectations for 858,500 added postpaid connections and outpaced rivals Verizon at 568,000 connections and AT&T at 482,000 connections in the last three months of 2024.
T-Mobile is looking to add another 5.5 million to 6 million postpaid connections in 2025, the highest guidance it has ever given at the beginning of a fiscal year. Core adjusted Ebitda, an earnings metric, is expected to rise 5%.
Shares climbed 5% to $232.21 in premarket trading.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
January 29, 2025 07:16 ET (12:16 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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