T-Mobile beat expectations for its fourth quarter earnings report, posting revenue of $20.3 billion and earnings per share of $0.60. Analysts expected revenue of $19.9 billion and EPS of $0.51.
The Bellevue, Wash.-based wireless company said it also beat expectations for customer growth, adding a net total of 1.7 million in the quarter, topping Verizon and AT&T. It now has 102 million total customers.
Shares were down more than 2% in after-hours trading. T-Mobile stock is up 60% over the past year.
T-Mobile’s continued growth follows the company’s $26.5 billion merger with Sprint, which was completed in April after a lengthy legal battle and extended regulatory review.
T-Mobile CEO Mike Sievert called 2020 the company’s best year ever, with the highest postpaid customer growth in its history. Check out the earnings call below:
