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T-Mobile US Inc. announced on that its revenue for the first quarter of fiscal 2025 grew by 5% to $16.9 billion.
The company’s net income surged by 24.4% year-on-year to land at $2.9 billion in the first trimester of fiscal 2025. The diluted earnings per share jumped by 29% compared to the same quarter of 2024 to land at $2.58. T-Mobile said it added 205,000 postpaid net accounts, 1.3 million postpaid net customers and 424,000 high-speed internet net customers while postpaid phone net customers stood at 495,000, lower than analysts’ predictions.
“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,” said CEO of T-Mobile Mike Sievert.
Total service revenues increased 5% year-over-year to $16.9 billion, and T-Mobile paid service revenues increased 8% year-over-year to $13.6 billion.
T-Mobile’s shares were down by 5.03% in after-hours trading.
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