Sector: Communication Services|Industry: Telecom Services|Market Cap: $282.90B|Employees: 67K
T-Mobile US, Inc. is the second largest provider of wireless communications services in the U.S., offering mobile services and a wide selection of wireless devices and accessories. The company's competitive advantages include its large, fast, and advanced 5G network, along with its 'Un-carrier' strategy focused on customer experience and value. T-Mobile's geographic presence is primarily in the United States, including Puerto Rico and the U.S. Virgin Islands.
Total service revenues increased by 4% year-over-year to $16.43 billion, driven by a 7% increase in postpaid revenues to $12.90 billion. This indicates a strong performance in attracting and retaining higher-value postpaid subscribers.
Net income increased by 32% year-over-year to $2.93 billion, driven by revenue growth and a decrease in total operating expenses. This reflects improved profitability and operational efficiency.
Equipment revenues decreased 2% year-over-year to $3.11 billion, indicating a potential shift in customer device purchasing patterns or increased promotional activity.