T-Mobile has just announced some exciting news for the first quarter of 2024. The company added an impressive 532,000 new postpaid phone net customer additions during this period. While this number is slightly lower than last year’s figures, it’s still a significant achievement for T-Mobile.
Here are some key highlights from T-Mobile’s Q1 2024 report:
– Postpaid net customer additions totaled 1.2 million, with postpaid net account additions reaching 218,000.
– High-Speed Internet net customer additions stood at 405,000, pushing T-Mobile’s subscriber base for this service over 5 million.
– Nearly 95% of T-Mobile’s 5G network traffic runs on the carrier’s mid-band spectrum, offering faster data speeds and better coverage than other spectrum tiers.
– CEO Mike Sievert expressed his excitement about the company’s growth in service revenues and profitability, attributing it to T-Mobile’s commitment to providing the best value, network quality, and customer experiences.
Financially, T-Mobile reported a Q1 service revenue of $16.1 billion, marking a 4% increase year-over-year. Total revenue for the quarter was reported at $19.6 billion, with a net income of $2.4 billion – a notable 22% gain compared to the previous year.
Despite a slight dip in stock prices during regular trading hours, T-Mobile’s shares saw a positive upswing in after-hours trading following the release of their Q1 report.
It’s clear that T-Mobile is on a path to success in 2024, with strong performance across various metrics and promising growth opportunities ahead. Stay tuned for more updates from T-Mobile as they continue to lead the industry with their innovative offerings and exceptional customer service.
