T-Mobile reports revenue at $20.1B in Q1

Wednesday, 27. April 2022 13:07

T-Mobile US, Inc. said on Wednesday that its revenue in the first quarter of 2022 amounted to $20.1 billion, marking a 2% increase from the same period in 2021.

The telecommunication company noted its customer net additions in the three-month period stood at 1.4 million, up by 2% compared to the net additions in the first quarter of the previous year. Diluted earnings per share topped estimates, despite falling 23% to $0.57, while net income slid 24% to $713 million on an annual basis. Meanwhile, adjusted EBITDA climbed 1% to $7 billion.

"T-Mobile continues to be the growth leader in this industry, with another beat and raise quarter that delivered front-of-the-pack postpaid, new account, and broadband customer results," CEO Mike Sievert stated.

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Baha Breaking News (BBN) / NP