T-Mobile reports Q2 revenue at $19.7B

Wednesday, 27. July 2022 13:05

T-Mobile US, Inc unveiled its second quarterly earnings report on Wednesday, showing that its revenue amounted to $19.7 billion in the fiscal year, decreasing by 1.2% compared to the same period in 2021.

The company's net loss slid 89% to $108 million on annual basis with diluted earnings per share decreasing year-over-year due to merger-related costs, coming at $0.09. Meanwhile adjusted EBITDA rose by 10% to $6.6 billion. The company noted its customer net additions in the three-month period stood at 1.8 million, an increase of 450 thousand year-over-year, with the total customer count hitting a record-high of 110 million.

"This momentum fueled our growth strategy and allowed us to raise guidance across the board yet again -- further proof that our commitment to addressing customer pain points in this challenging macro-economic environment is working," stated the company's CEO Mike Sievert.

The communication technologies giant was up by 3.43% in the premarket trading, following the release of the report.

Related Links: T-Mobile US, Inc.
Author:
Baha Breaking News (BBN) / AB