T-Mobile US on Thursday reported first-quarter earnings and revenue that topped consensus estimates. The wireless services provider added slightly fewer high-spending phone subscribers than expected, sending T-Mobile stock down.
Controlled by Deutsche Telekom, T-Mobile released earnings after the market close.
T-Mobile earnings for the quarter ending March 31 rose 29% to $2.58 per share on an adjusted basis. The wireless services provider said revenue rose 6.6% to 20.88 billion from the year earlier period.
Analysts polled by FactSet expected T-Mobile to report adjusted earnings of $2.47 a share on revenue of $20.63 billion.
T-Mobile Stock: Subscriber Additions Miss
Also, T-Mobile said it added 495,000 "postpaid" phone subscribers vs. estimates of 505,000. That topped AT&T, which added 324,000, and Verizon Communications, which lost 289,000.
In addition, T-Mobile said Q1 EBITDA — earnings before interest, taxes, depreciation and amortization — rose 8% to $8.26 billion, topping estimates of $8.1 billion.
T-Mobile said it added 424,000 wireless high-speed internet subscribers in Q1. It had 6.85 million 5G broadband customers as of March 31.
"All of this customer growth drove fantastic financial growth with strong net cash provided by operating activities and our highest-ever Q1 adjusted free cash flow," said Chief Executive Mike Sievert in a statement.
On the stock market today, T-Mobile stock fell more than 5% to 248.89 in extended trading.
Heading into the T-Mobile earnings report, shares had gained 19% in 2025.
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