T-Mobile US (TMUS) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter declined compared with both the immediately preceding quarter and the same quarter one year earlier. The sequential drop was more pronounced than the modest year-over-year decrease.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter declined compared with both the immediately preceding quarter and the same quarter one year earlier. The sequential drop was more pronounced than the modest year-over-year decrease.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$19.6B
Revenue reported for this quarter.
Quarter-over-quarter
-4.3%
Change from the immediately preceding quarter.
Year-over-year
-0.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$78.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $19.2B | -2.6% |
| Sep 30, 2023 | $19.3B | -1.2% |
| Dec 31, 2023 | $20.5B | +1.0% |
| Mar 31, 2024 | $19.6B | -0.2% |
Revenue performance
The reported revenue moved lower from the prior quarter, reversing the increase seen in the previous period. The year-over-year comparison also showed a slight contraction.
Quarterly comparison
Compared with the immediately preceding quarter, revenue fell, while the decline relative to the same quarter one year earlier was much smaller. The trailing twelve-month revenue remained above the current quarterly level.
What to watch
The sequential revenue decline warrants attention, particularly given the prior quarter's growth.