target audience: TECH SUPPLIER Publication date: Sep 2024 - Document type: Market Note - Doc Document number: # US52546524
T-Mobile's 2Q24 Earnings Analysis: More Fiber, Strong Postpaid Metrics, and Prepaid Market Leadership Shape 2Q24's Story
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Abstract
This IDC Market Note delves into T-Mobile's 2Q24 earnings, announced on July 31, 2024, which saw postpaid service revenue growth of 6.9% and postpaid subscriber growth of 4.2% (adjusting for high-speed internet subscribers). Those metrics combined to allow T-Mobile to further raise its 2024 guidance for postpaid net adds by another 150,000 at the midpoint to a range of 5.4-5.7 million by the end of 2024. Lingering headwinds in equipment, wholesale, and other revenue continue to damper overall revenue growth. The call also included substantial time dedicated to T-Mobile's most recent announcement in its fiber foray — the KKR JV to acquire Metronet.