T-Mobile continues to solidify its position as the fastest-growing national carrier, adding 2.4 million net customers in Q3 2025 to reach nearly 140 million total subscribers. This represents year-over-year growth of over 10 percent, driven by disruptive pricing on both postpaid and prepaid plans. The company’s aggressive promotions and expanded 5G coverage now reaches more than 300 million people, helping to win share from both legacy operators and regional competitors.

In Q3 2025, T-Mobile reported record quarterly revenues of $21 billion, a 7 percent increase compared with the prior year period. Adjusted EBITDA rose by 9 percent to $8.2 billion, bolstered by higher service margins and cost controls following the full integration of the Sprint network. Management raised full-year guidance for both revenue growth and free cash flow, signaling confidence that potential headwinds—such as slowing device upgrade cycles—will be offset by continued subscriber additions and efficiency gains.

Despite a 33 percent decline in share price over the past twelve months, T-Mobile offers an attractive 8.1 percent total shareholder yield through a combination of dividends and share buybacks. The company repurchased $5.5 billion of stock in the last quarter alone, reducing share count by 2 percent year-to-date. Even under a conservative scenario of 3 percent annual revenue growth, the current yield supports at least a 9 percent annualized return, positioning T-Mobile as a deep-value play relative to peers trading at lower payout ratios.