T-Mobile reports its “strongest year ever” says the CEO of America’s 5G leader

T-Mobile had its best year ever in 2021 said CEO Mike Sievert

Sievert told investors that “T-Mobile had our strongest year ever. We didn’t just meet the bold goals we set for 2021 around customer growth, profitability, merger synergies and
network buildout – we crushed all of them. Our industry-leading year-end results – adding 1.2 million postpaid accounts and 5.5 million postpaid customers, extending Ultra Capacity 5G to 210 million people – show that the Un-carrier is experiencing the greatest growth momentum in wireless.”

Looking ahead, the executive stated that T-Mobile is “…poised to sustain that position into 2022 and beyond as we continue to execute on our winning playbook and consistently
make investments that have enabled our success. With plenty of room to run, we’re in the best-ever position to continue delivering.”

Prepaid net customer additions totaled 49,000 during the fourth quarter of 2021. That was down sequentially from the third quarter of 2021 when the wireless provider reported 66,000 net customer additions. It also was down from the 84,000 prepaid net customer additions that the company had during the same quarter last year.. Still, for all of 2021, the number of net customer additions in prepaid more than doubled to 342,000 from the 145,000 reported in 2020.

 T-Mobile’s low-band Extended Range 5G, which uses the carrier’s low-band 600MHz spectrum, covered 94% of the U.S. population at the end of the year. Its faster mid-band Ultra Capacity 5G covered 210 million people in the states as the year ended. The latter can deliver download data speeds at 350 Mbps peaking at 1 Gbps.

Several third-party testing firms have called T-Mobile the early 5G leader in the states. For example, Opensignal wrote, “T-Mobile customers enjoy the fastest average 5G download and upload speeds and can connect to 5G more often and in more places than anyone else. The gap over competitors has gotten wider as T-Mobile’s average 5G download speed is more than 2.5x faster than Verizon’s average 5G download speed and more than 3x faster than AT&T’s average 5G download speed.

Other firms that have appointed T-Mobile the King of 5G in the U.S. include Ookla and umlaut.

The carrier expects another industry-leading year in 2022

For the quarter, T-Mobile generated revenue of $14.6 billion, up 1.6% on a sequential basis from the third quarter, and 5.5% on an annual basis. For the year, the company took in $58.40 billion for a 15.8% hike year-over-year.

Net income, at $422 million, was down 38.9% compared to the previous quarter, and on a year-over-year basis, it was down 43.7%. For the year, T-Mobile’s bottom line was $3.02 billion, down 1.3% on an annual basis. Diluted earnings per share (EPS) came in at 34 cents for the fourth quarter, a 38.2% decline from last year’s third quarter, and a 43.3% drop year-over-year.

T-Mobile’s shares rose 3 cents during the regular trading session to $109.58. After the news broke, the stock soared $8.62 to $118.20.