T-Mobile’s first-quarter revenues
In the first quarter, T-Mobile (TMUS) generated total revenues of $11.1 billion. The company’s revenues beat analysts’ consensus estimate of $11.0 billion. T-Mobile’s first-quarter revenues rose ~6.0% YoY (year-over-year) from $10.5 billion in the first quarter of 2018.
The increase was mainly due to strong ~6.0% YoY growth in the company’s service revenues to $8.3 billion in the first quarter from $7.8 billion in the first quarter of 2018. The increase in T-Mobile’s service revenues was due to the growth in branded postpaid revenues.
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Verizon’s (VZ) wireless revenues increased ~3.7% YoY to $22.7 billion. AT&T’s (T) wireless revenues from its combined domestic operations rose ~1.2% YoY to $17.6 billion in the first quarter. Sprint (S) hasn’t reported its financial results for the same quarter. Analysts expect Sprint’s wireless revenues to grow ~2.9% YoY to $8.0 billion in the fourth quarter of fiscal 2018, which ended on March 31.