T-Mobile US missed revenue estimates for Q3 2022 at $19.48 billion; however, the carrier’s wireless service revenue and core adjusted earnings hit estimates, with the former rising 4% to $15.4 billion and the latter rising 11% to $6.7 billion after interest, taxes, depreciation and amortization. It also reported a net income of $508 million.
Further, T-Mobile US added 854,000 postpaid phone subscribers in Q3, surpassing the 739,000 estimate and beating out both AT&T, which added 708,000 subscribers and Verizon, which added just 8,000. On the earnings call, President and CEO Mike Sievert said this was the highest postpaid phone net adds for T-Mobile since the merger with Sprint.
