In its earnings report released Thursday, T-Mobile said service revenues for the quarter ending March 31 rose 5 percent from the same period last year, totaling $16.9 billion. Postpaid service revenues—a key benchmark for subscriber loyalty and growth—jumped 8 percent to $13.6 billion.
“These results are a reflection of our ongoing efforts to deliver industry-leading value and service to customers,” the company stated. “Several key financial metrics reached record levels in the first quarter.”
T-Mobile’s diluted earnings per share (EPS) climbed 29 percent to $2.58, while adjusted core earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 8 percent to $8.3 billion. The company credited its success to a combination of new customer additions, enhancements to its 5G network infrastructure, and strategic investments in customer experience.
CEO Mike Sievert expressed confidence in the company’s momentum, noting that T-Mobile achieved its best-ever Q1 in terms of total postpaid customer gross and net additions. “T-Mobile delivered big yet again with outstanding Q1 results across wireless and broadband,” Sievert said. “This is proof that our consistent customer-first focus has put us in the best position to succeed in this dynamic environment.”
As T-Mobile continues to compete head-to-head with rivals AT&T and Verizon, the latest earnings suggest that its aggressive network investments and value-driven approach are paying off, positioning the company strongly for the remainder of the year.