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Mar 31
T-Mobile Q1 2025 Earnings Report
T-Mobile delivered record-breaking Q1 results with best-ever postpaid customer additions and strong financial performance.
Key Takeaways
T-Mobile posted its best-ever Q1 performance in terms of postpaid net additions and achieved record service revenue, net income, and free cash flow, reflecting strong customer growth and operational efficiency.
T-Mobile
T-Mobile
T-Mobile Revenue by Segment
T-Mobile Revenue by Geographic Location
Forward Guidance
T-Mobile raised full-year 2025 guidance, driven by momentum in customer growth, network leadership, and operational efficiency.
Positive Outlook
- Maintained highest-ever postpaid net addition guidance: 5.5M–6.0M
- Raised Core Adjusted EBITDA guidance midpoint by $100M to $33.2B–$33.7B
- Increased expected net cash from operations to $27.0B–$27.5B
- Maintained capex guidance at ~$9.5B
- Raised free cash flow guidance midpoint by $200M to $17.5B–$18.0B
Challenges Ahead
- No forecasted net income due to variability of tax and interest
- Increased effective tax rate guidance to 26%
- Postpaid phone net additions decreased YoY
- Postpaid phone churn slightly increased YoY
- Capex slightly increased sequentially, impacting short-term cash flow