T-Mobile surpasses estimates with $2.4B Q3 profit, steady growth

T-Mobile reported net income of $2.4 billion in the third quarter on revenue of $21.9 billion, surpassing analyst forecasts. The company achieved 6% sequential profit growth, fueled by postpaid phone additions and expanding 5G coverage. CEO Mike Sievert highlighted continued synergies from the Sprint merger and disciplined capital deployment through share buybacks. The telecom giant reaffirmed full-year guidance and projected higher free cash flow, emphasizing network leadership as a competitive advantage amid intensifying carrier pricing wars in the U.S. market.