T-Mobile US Inc (NASDAQ:TMUS, ETR:TM5) shares rang up 7% gains after reporting earnings that beat expectations as it added more new customers than its main rivals.
A net 263,000 new accounts were added in the fourth quarter of 2024, making a total of 1.1 million for the whole year, which it boasted was an "industry best", with a net 903,000 postpaid phone customers also the best in what is the wireless network operator's most lucrative contract.
Customer churn of 0.92% in the quarter was the equal best in the sector, while the 0.86% churn over the year was the best in the company's history.
T-Mobile added net 428,000 high speed internet customers in the quarter, also better than its peers.
Net income came in at $2.98 billion, down 2.5% from the Q3 but up 48% from the fourth quarter a year earlier, from revenue that rose 6.8% year on year to $21.87 billion, above the average Wall Street analyst forecast of $21.33 billion.
Earnings per share of $2.57 beat the consensus analyst estimates of $2.29, per FactSet.
CEO Mike Sievert boasted that the company had delivered "another monster" quarter that "punctuated an amazing growth year with best-in-class results across wireless and broadband".
He said T-Mobile expects to add 5.5 million to 6 million postpaid connections in 2025, which he said is "the strongest start-of-year postpaid net additions guide in our history".