Q1 25 EPS
$2.58
BEAT +4.51%
Est. $2.47
Q1 25 Revenue
$20.89B
BEAT +1.29%
Est. $20.62B
vs S&P Since Q1 25
-50.3%
TRAILING MARKET
TMUS -19.5% vs S&P +30.9%
Market Reaction
Did TMUS Beat Earnings? Q1 2025 Results
T-Mobile US opened 2025 with a record-setting quarter, posting first-quarter earnings of $2.58 per share, a 4.51% beat against the $2.47 consensus estimate, while revenue of $20.89 billion grew 6.6% year-over-year and edged past the $20.62 billion St… Read more T-Mobile US opened 2025 with a record-setting quarter, posting first-quarter earnings of $2.58 per share, a 4.51% beat against the $2.47 consensus estimate, while revenue of $20.89 billion grew 6.6% year-over-year and edged past the $20.62 billion Street forecast by 1.29%. The standout driver behind the results was an unprecedented wave of customer additions, with the carrier adding 1.3 million postpaid net customers in Q1, its best-ever first-quarter haul, pushing total connections to a record 130.9 million. That subscriber momentum flowed directly into the financials, lifting net income 24% to $2.95 billion and propelling Adjusted Free Cash Flow to a Q1 record of $4.40 billion, up 31%. With competitors struggling to hold broadband share, T-Mobile extended its own streak to 13 consecutive quarters of industry-leading High Speed Internet additions. Management translated the momentum into raised 2025 guidance, now targeting Core Adjusted EBITDA of $33.20 to $33.70 billion and Adjusted Free Cash Flow of $17.50 to $18.00 billion.
Key Takeaways
- • Best-ever Q1 postpaid gross and net customer additions
- • Higher postpaid ARPA driven by premium rate plan adoption and growing customers per account
- • High Speed Internet net additions led industry for 13th consecutive quarter
- • Prior year rate plan optimizations providing positive revenue impact
- • Equipment revenue increase from higher average revenue per device and high-end phone mix
- • Lower cost of services from completion of Sprint network decommissioning
TMUS YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
TMUS Revenue by Segment
With YoY comparisons, source: SEC Filings
“T-Mobile delivered big yet again with outstanding Q1 results across wireless and broadband, including our best ever Q1 total postpaid customer gross and net additions—proof that our consistent customer-first focus has put us in the best position to succeed in this dynamic environment.”
— Mike Sievert, Q1 2025 Earnings Press Release
TMUS Earnings Trends
TMUS vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
TMUS EPS Trend
Earnings per share: estimate vs actual
TMUS Revenue Trend
Quarterly revenue: estimate vs actual
TMUS Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | — | — | — | — |
| Q4 25 MISS FY | $2.42 | $1.88 | -22.31% | $24.33B | +0.56% |
| FY Full Year | $10.01 | $9.72 | -2.93% | $88.31B | +0.15% |
| Q3 25 BEAT | $2.40 | $2.41 | +0.39% | $21.96B | -0.10% |
| Q2 25 BEAT | $2.69 | $2.84 | +5.55% | $21.13B | +0.70% |
| Q1 25 BEAT | $2.47 | $2.58 | +4.51% | $20.89B | +1.29% |