T-Mobile has released its third-quarter results, and has turned in record-breaking numbers.
T-Mobile reported total revenue of $19.3 billion, with net earnings of $1.3 billion or $1.00 earnings per share. This was was substantially better than analyst consensus of $0.43 per share on $18.34 billion in revenue.
The company also added 2,035,000 new customers, including 1,979,000 postpaid net additions and 689,000 postpaid phone net additions, all representing best-in-industry results.
The company ended the third-quarter with a record number 100.4 million total customers.
“Last quarter T-Mobile overtook AT&T to become #2 in U.S. wireless and today we announced our highest ever postpaid net adds. Now, with over 100 million wireless customers and America’s largest 5G network, there is no doubt that we’re the growth leader in wireless,” said Mike Sievert, T-Mobile CEO. “Customers are choosing T-Mobile in record numbers because we are the only ones that can deliver this combination of value and experience with a true 5G network that is available to customers in every single state! We’re consistently and profitably outpacing the competition – and we’re just getting started!”