T-Mobile Q1 2022 earnings beat expectations on strong 5G demand

T-Mobile Q1 2022 earnings beat expectations on strong 5G demand

T-Mobile Q1 2022 earnings beat expectations on strong 5G demand



What you need to know

  • T-Mobile posts a positive Q1 2022 earnings report.
  • The carrier gained more than 1.3 million customers, its highest in eight years.
  • T-Mobile also added 3x more broadband internet customers compared to the same period last year.

T-Mobile’s performance continues to impress as the carrier releases its first-quarter 2022 financial earnings. Total service revenue increased 7% year-over-year to $15.1 billion thanks to impressive postpaid net additions of 1.3 million, its highest first-quarter adds in eight years.

The carrier undoubtedly benefitted from its continued leadership in 5G thanks to its merger with Sprint, which comes up on its second anniversary. The merger provided T-Mobile with the mid-band spectrum necessary to roll out impressive 5G range and speed across the country. The carrier also continues to expand its reach to more Americans with some of the best 5G plans around. This includes smaller, rural markets, where coverage is typically low regardless of carrier. T-Mobile says new accounts in rural markets grew by 40%. 



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