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T-Mobile US Inc. (TMUS+0.06%) has submitted its Form 10-K filing for the fiscal year ended December 31, 2024.
The filing details T-Mobile's financial performance, including total revenues of $81.4 billion, an increase from $78.6 billion the previous year. This growth was driven by higher postpaid revenues, which rose to $52.3 billion, and prepaid revenues, which increased to $10.4 billion.
T-Mobile reported a net income of $11.3 billion, up from $8.3 billion in 2023. The increase in net income was supported by higher operating income and lower merger-related costs.
The company provided wireless services to 129.5 million postpaid and prepaid customers as of December 31, 2024. Postpaid customers accounted for 79% of service revenues, with prepaid customers contributing 16%.
T-Mobile's capital expenditures for the year totaled $8.8 billion, primarily focused on expanding and upgrading its 5G network infrastructure.
The company completed the acquisition of Ka’ena Corporation, enhancing its prepaid market position. Additionally, T-Mobile entered into agreements to establish joint ventures with EQT and KKR for fiber-to-the-home platforms.
T-Mobile announced a new stockholder return program of up to $14 billion through December 31, 2025, following the completion of its previous $19 billion program.
The filing also discusses T-Mobile's spectrum license transactions, including the acquisition of 600 MHz spectrum from Comcast and other entities.
T-Mobile outlined its strategy to continue investing in its network and customer experience, with a focus on digital transformation and AI-enabled services.
The company highlighted risks related to competition, cybersecurity threats, and regulatory changes that could impact its operations and financial results.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the T-Mobile US Inc. annual 10-K report dated January 31, 2025. To report an error, please email earnings@qz.com.