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T-Mobile added 1.3 million customers in the second quarter, exceeding expectations with $20B in revenue

Posted on August 2, 2021 by William
(Bigstock photo)

T-Mobile exceeded analysts’ expectations at the end of the second quarter, reporting revenue of US$20 billion, a year-on-year increase of 13%, and earnings per share of US$0.78. Analysts expect revenue of 19.3 billion U.S. dollars and earnings per share of 0.53 U.S. dollars.

The wireless company in Bellevue, Washington added 1.3 million new customers. It leads the industry in terms of post-paid net user growth and service revenue growth.

T-Mobile’s share price was flat in after-hours trading.

Earlier this week, T-Mobile announced the expansion of its 5G network coverage, which now covers 305 million people. It also reported that 165 million of them are now covered by ultra-capacity 5G.

The mobile provider launched a home Internet service powered by its mobile network in April. It costs US$60 per month, and the network speed can reach 100 Mbps.

After acquiring Sprint, T-Mobile reported that one-third of Sprint’s customers have moved to its network. Approximately 80% of Sprint customer traffic is transmitted over the T-Mobile network.

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