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T-Mobile (NASDAQ:TMUS) Delivers Overwhelming 2022 Preliminary Results

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T-Mobile released its preliminary 2022 results, which showed solid postpaid and broadband customer additions. The company is expected to release its Q4 earnings results next month.

Telecommunications and wireless network operator T-Mobile (NASDAQ:TMUS) recently released robust preliminary results for 2022, reflecting strong customer additions during the year.  

The total customer count rose 4.5% year-over-year to 113.6 million, the company’s highest level so far. Specifically, postpaid net account additions were 1.4 million in 2022, representing a growth of 16.7% year-over-year. Moreover, net postpaid customers increased by 16.4% to 6.4 million.

Furthermore, T-Mobile added 2 million high-speed internet customers in 2022, compared with just 546,000 customers in 2021. The reported figure is expected to be higher than that of its rivals, including AT&T (T) and Verizon (VZ).

Nevertheless, the company added 338,000 net new prepaid customers for the full year, a decline of 1.2% from the prior year.

Based on the robust performance in 2022, T-Mobile CEO Mike Sievert said, “We continue to translate our long-established 5G lead into overall network leadership and execute on our unique growth strategy. We are perfectly positioned to profitably take further market share in 2023 and beyond!”

T-Mobile is scheduled to report the fourth-quarter and full-year 2022 results on February 9, after the market closes. 

Is TMUS a Buy, Sell, or Hold?

The consensus among analysts is a Strong Buy based on 12 Buys and 1 Hold. The average T-Mobile price target of $181.09 implies upside potential of 29.4% from current levels. Shares have gained 1.7% over the past six months.


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