T-Mobile US has reported 3.6 percent rise in revenue to $81.4 billion in 2024 as compared with $78.558 billion in 2023. Service revenue grew $66.178 billion from $63.241 billion. Postpaid service revenues grew 7.5 percent to $52.34 billion from $48.692 billion. Net income increased 36 percent to $11.3 billion in 2024.
In Q4 2024, T-Mobile’s revenue jumped 6.8 percent to $21.872 billion from $20.478 billion. Service revenue rose 1.2 percent to $19.928 billion from $16.043 billion. Postpaid service revenues increased 8.3 percent to $13.5 billion from $13.308 billion. Net income increased 48 percent to $3 billion in 2024.
Mike Sievert, CEO of T-Mobile, said: “In 2024, more new postpaid customers chose the Un-carrier than ever before, and we had our lowest ever full-year postpaid phone churn, leading to our third year of more than 3 million postpaid phone net additions.”
CAPEX
T-Mobile is targeting capital expenditure (Capex) of $9.5 billion in 2025. T-Mobile’s Capex increased 39 percent to $2.2 billion in Q4 2024 and decreased 10 percent to $8.8 billion in 2024.
Total number of customers at T-Mobile has reached 129.528 million in 2024 vs 119.7 million in 2023.
Postpaid phone churn at T-Mobile was 0.86 percent. Prepaid churn at T-Mobile was 2.73 percent.
The number of high-speed Internet customers has reached 6.43 million in 2024 from 4.776 million in 2023.
Opensignal’s latest Mobile Network Experience report said T-Mobile won overall network experience categories including download and upload speed experience, along with games, video and live video experience for the third year in a row. The company is #1 in 5G for download speeds, coverage experience and availability, consistent quality experience and reliability experience.
Ookla’s latest Speedtest Connectivity report said T-Mobile is the fastest, most consistent, and most available 5G network.
TelecomLead.com News Desk
