T-Mobile Stock Slips After Earnings. There’s Still Plenty for Investors to Like.
Oct 23, 2025 07:02:00 -0400 by George Glover | #Telecom #Earnings Report
T-Mobile added a record 2.3 million post paid net customers over the quarter. (Diane Bondareff/AP Images for T-Mobile)
Key Points
- T-Mobile reported a third-quarter profit of $2.41 per share, with total revenue increasing 8.9% to $21.96 billion.
- The company added a record 2.3 million postpaid net customers, exceeding analyst expectations of 1.5 million additions.
- T-Mobile raised its year-end guidance for core adjusted EBITDA to between $33.7 billion and $33.9 billion.
T-Mobile stock was falling on Thursday, although there’s plenty for investors to like in the company’s third-quarter earnings report.
The wireless carrier reported a profit of $2.41 a share, as total revenue climbed 8.9% from a year ago to $21.96 billion. Analysts were expecting earnings of $2.40 a share on revenue of $21.91 billion, according to FactSet.
An impairment expense tied to a plan to modernize billing systems impacted earnings by 18 cents a share, T-Mobile said.
Shares slipped 2.2% to $222.71 in early trading. The S&P 500 was 0.3% higher.
Subscription numbers looked solid. T-Mobile added a record 2.3 million post paid net customers over the quarter, which are subscribers who pay at the end of the billing cycle rather than upfront, with a churn rate of 0.89%. Analysts were expecting 1.5 million additions at a churn rate of 1.1%. The lower the churn, the better a wireless carrier’s customer retention is.
T-Mobile also raised its year-end guidance for core adjusted earnings before interest, taxes, depreciation, and amortization to between $33.7 billion and $33.9 billion, up from $33.3 billion to $33.7 billion previously.
T-Mobile is the second of the Big Three wireless carriers to report its quarterly results. AT&T shares dropped 1.9% on Wednesday after the company missed Wall Street’s earnings target.
T-Mobile shares are up just 3% this year amid concerns about an economic slowdown and a drop in immigration that could limit how many new customers the carrier can pick up. The S&P 500 has climbed 14% in 2025.
Write to George Glover at george.glover@dowjones.com