T-Mobile finished 2023 with 119.7 million customer connections, a 5.4% gain from the 113.6 million it had at the end of 2022. Total revenue for the year was $78.6 billion, 1.3% less than 2022’s number. Net income soared 221% from $2.59 billion in 2022 to $8.32 billion last year, and earnings per share rose 236.4% to $6.93 from $2.06.
It was another strong quarter and year for T-Mobile
CEO Mike Sievert had this to say about the report: “This was a historic year for T-Mobile, with record outcomes across nearly every metric and industry-leading customer results – including our highest share of postpaid phone net adds since the merger and best-in-class growth in service revenues, profitability and cash flow – all while effectively completing the largest, most successful telecom integration in the world.”
The report did not go over well with investors. During regular Wall Street trading hours, T-Mobile‘s shares rose 56 cents to $162.56, up .35%. But after the report was released, the stock plunged in after-hours trading by $4.06 or 2.5% to $158.50.
