Summary by Moomoo AI
T-Mobile US delivered robust financial results for fiscal year 2024, with net income surging 36% to $11.3 billion and total revenues increasing 4% to $81.4 billion. Service revenues grew 5% to $66.2 billion, driven by postpaid revenue growth of 7% and continued momentum in High Speed Internet customers, which reached 5.7 million.The company demonstrated strong operational performance, adding 6.3 million net customers in 2024, including 3.1 million postpaid phone customers and 1.5 million High Speed Internet customers. Postpaid phone churn improved to 0.86%, while postpaid ARPA increased 3% to $143.85, reflecting successful premium service adoption and customer base growth.Looking ahead, T-Mobile announced a new $14 billion stockholder return program for 2025, following the successful completion of its 2023-2024 program. The company repurchased $11.1 billion of shares and paid $3.3 billion in dividends during 2024, while maintaining strong network investments and pursuing strategic growth initiatives including fiber joint ventures with EQT and KKR.
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