T-Mobile Delivers Record Q2, Raises Guidance
3 hours ago
T-Mobile continued its assent in the US wireless industry, turning in a record-breaking Q2 and raising guidance across the board.
The magenta carrier added 1.3 million customers, and led the industry with 627,000 postpaid phone net additions, 2.5x more than last year. The company had $20 billion in revenue, a 13% growth year over year.
Net income came in at $978 million, 8x more than last year, representing earnings per share of $0.78. In contrast, analysts were expecting $19.34 billion, with $0.53 per share earnings.
T-Mobile also continued its 5G dominance, covering 305 million people and 1.7 million square miles with its Extended Range 5G. The company was quick to point out that this represents more coverage than Verizon and AT&T combined.
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