T-Mobile Raises 2024 Guidance Amid Strong Subscriber Growth

T-Mobile US has updated its 2024 forecasts, reflecting robust demand for its discounted plans and expanded 5G network, despite a mixed financial quarter.

• T-Mobile's Q1 earnings per share of $2.00 exceeded analyst expectations, while revenue slightly missed estimates at $19.594 billion.
• The company reported a significant increase in monthly bill-paying phone subscribers, adding 532,000 in the first quarter, the highest among its peers.
• T-Mobile's updated full-year forecast anticipates 5.2 to 5.6 million postpaid net customer additions, an increase from previous estimates.
• Despite a competitive market, T-Mobile's growth is attributed to its appealing discounted plans and comprehensive 5G coverage.
• The company's shares have shown resilience, with a modest increase in after-hours trading following the announcement.

3 Articles

Benzinga CNA Barron's