T-Mobile Has Best Year Ever on Strong Q4 Results

T-Mobile has beat estimates in its Q4 results, topping off the company's best year ever....
T-Mobile Has Best Year Ever on Strong Q4 Results
Written by Matt Milano

T-Mobile has beat estimates in its Q4 results, topping off the company’s best year ever.

T-Mobile reported earnings of $750 million on $20.3 billion in revenue. That comes out to 60¢ a share, up from the $19.9 billion and 51¢ a share analyst were expecting. The company brought in $68.4 billion for all of 2020, with $3.1 billion of net income for the year.

Similarly, T-Mobile added a total of 1.7 million net additions in Q4, the best among US carriers. Overall, the company added 5.6 million for the entire year.

T-Mobile also took the opportunity to tout their 5G network, an area where it has a significant advantage over its competitors. The company’s nationwide 5G network now covers 280 million people, nearly 4x more than Verizon and nearly 2.5x more than AT&T. T-Mobile’s faster Ultra Capacity 5G “covers 106 million people, over 50x more than Verizon’s 5G Ultra Wideband,” and is expected t cover 200 million by the end of the year.

“These results show that we’re pulling way ahead of the pack on what matters – overall 5G network performance – and executing to stay ahead,” said Mike Sievert, CEO of T-Mobile. “And customers are noticing. 2020 was quite simply our best year yet, with our highest EVER total postpaid net additions of 5.5 million. Our team delivered – leading the industry on customer growth, while being the ONLY major player to grow profitability as well, with our synergy-backed business model. The best team, the best assets, the best 5G network. We’re positioned to create enormous value. I like the hand we’re holding!”

Get the WebProNews newsletter delivered to your inbox

Get the free daily newsletter read by decision makers

Subscribe
Advertise with Us

Ready to get started?

Get our media kit