(Bloomberg) — T-Mobile US Inc. reported fourth-quarter results that beat analysts’ projections, benefiting from continued growth in wireless subscribers and home internet customers.
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The company added 903,000 monthly phone customers, T-Mobile said in statement Wednesday, beating the 865,000 average of analysts’ estimates. Earnings per share rose to $2.57, compared with estimates of $2.29 a share.
“2025 is poised to be even more exciting, and because of this, we’re issuing the strongest start-of-year postpaid net additions guide in our history,” said T-Mobile Chief Executive Officer Mike Sievert in the statement.
The company announced it expects to gain between 5.5 million and 6 million for total post-paid customer net additions in 2025. It added 6.1 million new post-paid customers in 2024.
Shares of the company gained nearly 5% in premarket trading.
Sievert previously sought to temper enthusiasm for the quarter in early December. He said the company was confident in its forecast but that business in the period would be “back-end loaded.” In the past week, AT&T Inc. and Verizon Communications Inc. reported better-than-expected quarterly results.
Fourth-quarter total revenue at T-Mobile rose to $21.9 billion, compared with estimates of $21.3 billion. The company added 428,000 high-speed internet customers, compared with the 409,000 forecast by analysts.
The report caps a year in which the carrier raised its forecasts for new customers and earnings after a strong third-quarter report. At the time, the Bellevue, Washington-based mobile provider was the only one of the big three carriers to beat analysts’ forecasts for revenue, expressing more optimism than its rivals about demand for the iPhone 16.
T-Mobile has the largest 5G network of the three major wireless providers, and has been adding more rural territories to its coverage area. It’s also selling fixed wireless access in places where fiber internet is limited. In July, T-Mobile said it’s investing $4.9 billion in a joint venture with private equity firm KKR & Co. to buy the fiber-optic internet service provider Metronet.
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