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T-Mo ‘firing on all cylinders’ in Q4, expects 5G upgrade ‘super cycle’

February 7, 2020

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T-Mobile US reported a fourth quarter that was full of superlatives: record service revenues, record total revenues, and continued strength in customer gains and profits.

T-Mo had fourth quarter service revenues of $8.7 billion, up 6% year-over-year, and total revenues of $11.9 billion, up 4% compared to the fourth quarter of 2018. Net income was up 17% for the quarter, to $751 million.

T-Mobile US had previously released preliminary customer numbers for the quarter, in which it added 1.9 million total net additions and 1.3 million branded postpaid net additions. Of that number, 1.0 million net additions were branded postpaid phone net additions, an industry best.

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