Trending: Steve Carell as Jeff Bezos on ‘Saturday Night Live’ trolls Trump just days after Amazon picks HQ2 sites

John Legere
T-Mobile CEO John Legere. (GeekWire File Photo)

T-Mobile reported another big quarter this morning, maintaining its momentum against larger wireless carriers Verizon and AT&T and wrapping up a tumultuous year in which the nation’s third-largest wireless company again tried unsuccessfully to merge with Sprint, its smaller rival.

T-Mobile Chart

The Bellevue-based company added a net total of 1.9 million customers in the fourth quarter, its 19th consecutive quarter with more than 1 million net customer additions. T-Mobile says it now has 72.6 million total customers, after adding a total of more than 5.6 million customers over the past year.

T-Mobile was able to boost its quarterly revenues by 5 percent to more than $10.8 billion. The company posted $2.7 billion in profits in the fourth quarter, up from $390 million a year ago — a huge jump in its bottom line thanks in part to the impact of U.S. tax reform. The company said changes in tax law resulted in a net tax benefit of $2.18 billion in 2017.

John Legere, T-Mobile CEO, said in a statement that the company “made incredible progress in 2017 building out our network and retail footprint to set ourselves up for future growth.”

Quarterly earnings per share were $3.11, eclipsing Wall Street’s expectations of 37 cents a share, but the result included $2.50/share in benefits from tax reform.

The company’s growth has resulted from an aggressive campaign in which the company has branded itself the “Un-carrier,” with new pricing strategies, subscriber benefits and promotions that have forced its rivals to change their own packages and promotions.

Like what you're reading? Subscribe to GeekWire's free newsletters to catch every headline

Comments

Job Listings on GeekWork

Find more jobs on GeekWork. Employers, post a job here.