AT&T may have overshadowed T-Mobile's earnings announcement, but the Un-carrier had the last laugh.
T-Mobile was forced to reschedule its third-quarter earnings conference call on Monday after AT&T abruptly scheduled its own call to discuss its earnings results, which it released Saturday right after announcing an $85.4 billion deal to acquire Time Warner.
But while AT&T promised a revolution in delivering video with Time Warner, T-Mobile kept chugging away at the nuts and bolts of the core wireless business. The company said Monday it added a net 851,000 new post-paid phone customers, or people who pay at the end of the month who tend to stick around longer. It's one of the primary metrics for growth.
The results, in which T-Mobile once again added more customers than the rest of the national players combined, underscore the gap in which T-Mobile has been able to effectively win over customers. The company introduced a new, cheaper unlimited plan in August. And while not everyone liked the change, it was enough to drive customers to sign up. Likewise, its freebie program, T-Mobile Tuesdays, continues to draw buzz since its summer debut. T-Mobile was also out the gate early with a free iPhone offer, letting you trade an older iPhone for a new iPhone 7 for free.
T-Mobile added 684,000 net new prepaid customers in the period. In total, it added 2 million net new customers.
The carrier posted a profit of $366 million, or 42 cents a share, compared with a year-earlier profit of $138 million, or 15 cents a share. Stripping out a one-time gain from its spectrum assets, the company earned 27 cents a share.
Revenue rose 17.8 percent year over year to $9.2 billion.
Analysts, on average, forecast earnings of 23 cents a share and revenue of $9.42 billion, according to Yahoo Finance.