T-Mobile delivered a record-setting Q1 2025, adding 1.3 million postpaid customers and 424,000 High Speed Internet subscribers—both best in the industry. The company also posted its highest-ever Q1 net income of $3.0 billion and diluted EPS of $2.58, up 29% year over year. Core Adjusted EBITDA grew 8% to $8.3 billion, while adjusted free cash flow rose 31% to a record $4.4 billion. CEO Mike Sievert credited the results to a “customer-first focus” and consistent execution across wireless and broadband segments.
Service revenue reached $16.9 billion, up 5% year over year, while postpaid service revenue rose 8% to $13.6 billion. T-Mobile ended the quarter with 130.9 million customer connections. In addition to expanding 5G Advanced nationwide, T-Mobile launched the beta of its T-Satellite service—delivering direct-to-cell messaging across carriers. The network leadership was underscored by Opensignal naming T-Mobile the global winner for download speed experience and RootMetrics awarding it best 5G availability for the 8th consecutive time.
T-Mobile raised its 2025 guidance, now forecasting 5.5–6.0 million postpaid net customer additions and adjusted free cash flow of $17.5–18.0 billion. Capital expenditures are expected to remain at $9.5 billion, and operating cash flow guidance was increased to a range of $27.0–27.5 billion. The company returned $3.5 billion to shareholders in Q1 alone and continues to integrate new acquisitions, including Vistar Media, Blis, and Lumos, into its expanding footprint.
- Postpaid net customer additions: 1.3 million (record Q1, industry-leading)
- Postpaid phone net adds: 495K (industry-leading)
- High Speed Internet net adds: 424K (best ever, 13th consecutive quarter leading)
- Total customer base: 130.9 million connections
- Service revenue: $16.9B (+5% YoY)
- Postpaid service revenue: $13.6B (+8% YoY)
- Net income: $3.0B (+24% YoY, record Q1)
- EPS (diluted): $2.58 (+29% YoY, record Q1)
- Core Adjusted EBITDA: $8.3B (+8% YoY)
- Operating cash flow: $6.8B (+35% YoY)
- Adjusted Free Cash Flow: $4.4B (+31% YoY, record Q1)
- Capex: $2.5B (down 7% YoY)
- T-Satellite: Live beta with >1M messages delivered and cross-carrier compatibility
- Network accolades:
- Opensignal: Global winner, download speed experience
- RootMetrics: Best 5G availability, 8th straight win
2025 Guidance (Raised):
- Postpaid net additions: 5.5M–6.0M
- Core Adjusted EBITDA: $33.2B–$33.7B
- Operating cash flow: $27.0B–$27.5B
- Adjusted Free Cash Flow: $17.5B–$18.0B
- Capex: ~$9.5B
“A record number of customers chose the Un-carrier in Q1… and all of this customer growth drove fantastic financial growth,” said CEO Mike Sievert. “This is a great start to 2025, and we’re excited about what’s to come.”
