T-Mobile US, Inc. (NASDAQ:TMUS) stock rose on Wednesday after the company released its fourth-quarter results.

Earnings Detail

T-Mobile reported quarterly earnings of $2.14 per share, which beat the analyst consensus estimate of $2.06. 

Quarterly revenue came in at $24.33 billion, which exceeded the Street estimate of $24.18 billion and is up from the revenue of $21.87 billion reported for the same period last year.

For the quarter, T-Mobile reported postpaid net customer additions of 2.4 million, best in the industry.

The quarterly postpaid phone net customer additions were 962 thousand, the best in the industry.

T-Mobile reported quarterly postpaid net account additions of 261 thousand, down 0.8% year-over-year, best-in-industry performance.

It reported quarterly total broadband net customer additions of 558 thousand, up 29.2% Y/Y, the best in the industry.

This includes 495 thousand 5G broadband net customer additions, up 15.7% year-over-year, and 63 thousand fiber net customer additions.

Rival carriers pushed steep device and plan discounts around Black Friday and Cyber Monday, intensifying competition across the telecom sector.

T-Mobile US’s quarterly service revenues of $18.70 billion increased 10.5% Y/Y, representing the best industry growth.

The quarter’s postpaid service revenues of $15.38 billion increased 13.9% ...