T-Mobile Revenue Beats Estimates on More Mobile Subscribers
- No. 2 wireless carrier raises free cash flow estimate for 2024
- All three big US wireless carriers added more subscribers
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T-Mobile US Inc. reported new monthly mobile-phone subscribers that exceeded analyst estimates, joining its peers in wooing new customers in the second quarter. The shares jumped 3.3% as the market opened in New York.
The Bellevue, Washington-based carrier reported a net 777,000 additional monthly phone subscribers, the company said in a statement Wednesday. Analysts were expecting 645,300, according to data compiled by Bloomberg. T-Mobile raised its forecast for mobile subscribers this year to between 5.4 million and 5.7 million, from as much as 5.6 million previously.