T-Mobile Reports 9% Revenue Growth to $21.96 Billion in Q3 2025

T-Mobile US, Inc. reported its financial results for the third quarter of 2025, revealing a total revenue of $21.96 billion, a 9% increase from $20.16 billion in the same period last year. The growth was primarily driven by a 12% rise in postpaid revenues, which reached $14.88 billion, up from $13.31 billion. The company also noted a 6% increase in operating income, totaling $4.53 billion, although net income decreased by 11% to $2.71 billion compared to $3.06 billion in the prior year. The decline in net income was attributed to higher operating expenses, which rose 13% to $17.43 billion, largely due to increased costs associated with the UScellular acquisition and higher equipment sales.

In terms of customer metrics, T-Mobile reported a total of 139.95 million customers as of September 30, 2025, marking a 10% increase from 127.49 million a year earlier. The company added 2.39 million net customers during the quarter, with significant contributions from the UScellular acquisition, which brought in 1.45 million postpaid accounts. The total postpaid customer base grew to 114.06 million, a 12% increase year-over-year. The company also reported a slight increase in postpaid churn to 0.89%, attributed to higher industry switching.

Strategically, T-Mobile has been active in expanding its market presence through acquisitions. The company completed the acquisition of UScellular's wireless operations on August 1, 2025, for approximately $4.4 billion, which included the assumption of up to $2 billion in debt. Additionally, T-Mobile has made significant investments in joint ventures, including a $4.6 billion investment in Metronet, aimed at enhancing its fiber broadband offerings. The company also acquired Vistar Media and Blis, further diversifying its service portfolio.

Looking ahead, T-Mobile's management expressed optimism about future growth, driven by the integration of recent acquisitions and ongoing investments in network infrastructure. The company anticipates achieving annual run-rate cost synergies of $1.2 billion from the UScellular acquisition, which will contribute to improved operational efficiency. T-Mobile also reaffirmed its commitment to its $14 billion stockholder return program, which includes share repurchases and dividends, indicating a strong focus on returning value to shareholders while continuing to invest in growth initiatives.