TELETRADER News
7/29, 10:09 PM (Source: TeleTrader)
more TeleTrader news

T-Mobile Q2 revenue up 13% to $20B YoY

T-Mobile communications company reported its financial results for the second fiscal quarter of 2021 on Thursday marking a 13% growth in revenue compared to the same period of 2020 to reach a total of $20 billion. Net income amounted to $978 million accounting for an eightfold increase from last year's figures.

The company's earnings per share skyrocketed by 766.7% from $0.09 in the comparable period of the previous year to $0.78 per share. T-Mobile also added another 1.4 million clients this quarter, which is 107,000 accounts more year-on-year, bringing the total customer count to 104.8 million.

"Stellar postpaid customer gains and industry-leading service revenue growth translated into industry-best growth in profitability and cash flow, and drove another beat and raise quarter – all fueled by unprecedented synergies that only T-Mobile can deliver," said Mike Sievert, the CEO of T-Mobile.

Following the report, T-Mobile stocks rose by 0.39% to sell for $145.20 per share in the after-hours trading.

Breaking the News / LH