T-Mobile released its quarterly earnings report Thursday and, once again, turned in a record quarter that beat estimates.
The company posted $11.9 billion in revenue in Q4 2019, up 4% from the year-ago quarter, and beating analysts’ estimates. The company also added 1 million net total subscribers, the 27th quarter in a row the company has added at least 1 million subscribers.
CEO John Legere touted the fact that the company was able to report such positive results, all the while investing in its 5G network. To put that in perspective, Verizon recently missed earnings estimates in large part because of its own 5G rollout.
“T-Mobile continues to deliver incredible results quarter after quarter! In Q4 we set new financial records across the board and recorded our 27th consecutive quarter with over 1 million total net customer additions,” said John Legere, CEO of T-Mobile. “We achieved these spectacular results all while launching the first and only nationwide 5G network, announcing Un-carrier 1.0 for New T-Mobile, and delivering a compelling and fact-based argument in court to support our pending merger. Our results continue to show that the Un-carrier strategy works, and it delivers for both customers and shareholders. I couldn’t be more confident and excited about our future and We Won’t Stop!”
