AT&T, T-Mobile, and Verizon are gearing up to disclose their latest quarterly earnings and subscriber metrics, an essential process for these publicly traded companies. This routine disclosure not only fulfills regulatory obligations but also informs investors’ trading decisions based on the carriers’ recent operational performance. Historically, T-Mobile has leveraged these quarterly releases to demonstrate continued strong consumer demand for its services as the nation's leading wireless provider.
T-Mobile Anticipates Strong Performance in 2025
T-Mobile recently confirmed that it will hold its earnings call for the fourth quarter and full-year 2025 results on February 4th, 2026, at 4:30 pm ET, shortly after market close. Investors can participate live via dial-in or access a webcast on T-Mobile’s Investor Relations site at https://investor.t-mobile.com.
Prior to the call, the company will release its Q4 and full-year financial results at 4:05 pm ET on the same day. Analyst consensus expects T-Mobile to report earnings of $2.19 per share on revenue of $23.66 billion for Q4, with full-year revenue totaling approximately $87.33 billion and earnings per share around $10.23.
Subscriber Growth Metrics Take Center Stage
The most closely watched figures for the Big Three carriers are the net additions in postpaid phone subscribers, representing the most profitable and stable customer base. T-Mobile often leads in this key metric. For Q4, forecasts estimate net new postpaid phone additions between 980,000 and 1.15 million, with the company raising its 2025 forecast to around 3.3 million additions for the year.
Churn rate, the percentage of subscribers discontinuing service, is also critical; a low churn rate indicates high customer retention. T-Mobile’s Q3 2025 postpaid churn was .89%, expected to slightly rise to .90% - .92% for Q4. For the entire year of 2025, churn is projected between .87% and .89%, slightly higher than the historic low of .86% recorded in 2024.
AT&T’s Earnings and Subscriber Update Scheduled Earlier
AT&T plans to reveal its Q4 and full-year 2025 results on Wednesday, January 28th, before the stock market opens. The earnings report will be released early morning, followed by a conference call at 8:30 am ET, accessible via webcast on AT&T’s Investor Relations website. Replays and transcripts will be posted for investor convenience.
Analysts forecast AT&T to report Q4 earnings of approximately 49 cents per share on $32.29 billion revenue. Full-year 2025 projections estimate earnings around $2.05 per share and revenue near $125.04 billion, within the company’s own outlook range of $1.97 to $2.07 per share.
Postpaid Phone Adds and Churn Expectations for AT&T
Following 405,000 net postpaid phone additions in Q3, AT&T is anticipated to report 466,000 additional net postpaid phones in Q4, bringing total net additions for 2025 to between 1.7 and 1.8 million. While this figure lags behind T-Mobile’s forecast, it significantly outpaces Verizon’s modest predicted growth of 100,000 to 200,000 net phone additions for the full year.
Churn trends for AT&T are expected to improve, with Q4 postpaid churn projected between .86% and .88%, down from .92% in Q3. For all of 2024, AT&T recorded an impressive churn rate of .76%, though analysts anticipate a slight rise to .80% - .82% for 2025.
Market Reaction and Investor Sentiment
Ahead of these announcements, T-Mobile’s shares declined over $5, closing near $204.30, against a 52-week range of $199.41 to $276.49. Meanwhile, AT&T’s stock slipped by 48 cents to $24.80, within its 52-week trading range of $21.38 to $29.79.
