MarketBeat·2025-05-01 12:46Core Insights - The Q1 earnings results for the major U.S. telecom players—Verizon, T-Mobile, and AT&T—show a competitive landscape with varying performances in wireless and broadband segments [1][2]. Group 1: Verizon - Verizon reported a loss of 289,000 net postpaid wireless subscribers, exceeding Wall Street's expectations by nearly 100,000 [3]. - Despite the subscriber loss, Verizon's total wireless service revenue increased by 2.7%, indicating that recent price hikes positively impacted overall revenue [4]. - In broadband, Verizon added 339,000 customers, with 308,000 from fixed wireless, leading to a nearly 14% increase in broadband connections [5]. Group 2: T-Mobile - T-Mobile added 495,000 net postpaid wireless subscribers, which was about 10,000 lower than Wall Street's expectations, leading to a drop in stock price post-earnings [6][7]. - The company achieved a record of 1.3 million total new customer additions, including 424,000 in broadband, but still faced a significant stock decline of over 11% [8]. - T-Mobile raised its full-year guidance on free cash flow despite the disappointing subscriber additions [8]. Group 3: AT&T - AT&T reported 324,000 new net postpaid wireless subscribers, exceeding Wall Street's expectations by nearly 70,000, suggesting a potential market share gain from Verizon [9]. - In broadband, AT&T added 261,000 fiber customers and 181,000 fixed wireless customers, while losing 124,000 non-fiber customers as part of its transition strategy [10][11]. - Analysts broadly upgraded AT&T's stock post-earnings, raising price targets by an average of 8%, contrasting with minimal changes for Verizon and a single 5% increase for T-Mobile [12]. Final Verdict - AT&T emerged as the leader in net postpaid additions and fiber growth, while T-Mobile led in total customer growth, presenting a potential buy-the-dip opportunity [13]. - Verizon is viewed as potentially undervalued, with opportunities to regain wireless momentum [13].