T-Mobile beat expectations for its fourth quarter earnings report,posting revenue of $19.8 billion and earnings per share of $0.74. Analysts expected revenue of $18.9 billion and EPS of $0.57.
The Bellevue, Wash.-based wireless company added a net total of 1.4 million customers in the quarter, topping Verizon and AT&T. It now has a record-high 103.4 million total customers.
Shares were up more than 2% in after-hours trading. T-Mobile stock is up more than 40% over the past year.
T-Mobiles continued growth follows the companys $26.5 billion merger with Sprint, which was completed last year after alengthy legal battle and extended regulatory review. The acquisition is helping T-Mobile build out its 5G network, which it claims is the largest and fastest in the U.S.
.@TMobileis off to a terrific start in 2021 & here’s a snapshot of the results:
????Accelerated our network leadership
????Expanded our addressable markets for growth
????Delivered merger synergies
????Demonstrated our winning formula of great network, value and experience
Mike Sievert (@MikeSievert) May 4, 2021