T-Mobile’s top executive discusses what makes T-Mobile so special.
T-Mobile continues to keep on rolling, and this was confirmed by the release yesterday of the carrier’s second quarter earnings report. Not only did the company set several Q2 records, but it also reported an all-time record $3.2 billion in net income. Among the new second quarter records set was one for the most important category of all. During the second quarter, T-Mobile added 830,000 postpaid phone net customer additions.
T-Mobile also raised its guidance for 2025, and that has led Wall Street to go, in the lingo of the pinstriped traders who work there, « Ape shit. » Short sellers ran to cover, and combined with fresh buying, the stock soared over 6% by Thursday afternoon. T-Mobile shares are currently up $14 to $248 as I type this. No doubt that this market action pleases CEO Mike Sievert, who owns approximately 381,222 shares valued at more than $94 million. Today, the CEO has seen the value of his shares rise by more than $5 million.
Speaking of T-Mobile’s top executive, during the company’s earnings call on Wednesday, after the earnings report was released, the atmosphere was full of love and joy. Some of those good feelings were directed at T-Mobile customers. Sievert said, « The quality of our customers continues to improve at a rapid pace. » And speaking of quality, the quality of the T-Mobile network was also discussed.
