NEW YORK, Jan 2, 2026, 14:45 ET — Regular session
- TMUS traded down in afternoon dealings, lagging Verizon and AT&T.
- A new Apple TV+ pass-through charge for some customers took effect Jan. 1.
- Investors are looking ahead to T-Mobile’s Feb. 11 earnings and capital markets update.
T-Mobile US, Inc. (TMUS) shares fell 1.1% to $200.81 in afternoon trading, after swinging between $199.75 and $203.04.
The decline comes as investors reset positions for 2026 and refocus on the carrier’s next major disclosure cycle, when management is expected to refresh its medium-term outlook.
On the consumer front, T-Mobile’s support page shows an Apple TV+ price change taking effect January 1: customers billed through the carrier will see $12.99 per month, while eligible plans apply a $9.99 discount, leaving a $3 monthly charge “after your T-Mobile discount,” with subscription management handled in the carrier’s T-Life app. 1
Broader markets were mixed in the year’s first session, with the SPDR S&P 500 ETF (SPY) up 0.2% while the Invesco QQQ (QQQ) was down 0.1%.
“When you turn the page for a new year … you’re waiting to see … what’s going to be … the vibe,” Thomas Martin, senior portfolio manager at Globalt, said in a markets note. 2
Within telecom, Verizon Communications (VZ) was flat while AT&T (T) fell about 0.5%, leaving T-Mobile as the day’s laggard among the big three U.S. wireless carriers.
For investors, the Apple TV+ shift is small in dollars but it highlights how carriers are handling bundled streaming perks as subscription prices rise — either absorbing the increase or passing part of it through to customers.
Those decisions can feed into average revenue per user — a key profitability gauge — and churn, industry shorthand for customer losses, especially among price-sensitive subscribers.
The bigger near-term focus is T-Mobile’s earnings and strategy update. The company said it will discuss fourth-quarter and full-year 2025 results on Feb. 11 and hold an expanded, live-format meeting in New York City led by CEO Srini Gopalan, including an update to financial targets for 2026 and 2027. 3
T-Mobile also said its earnings release and related materials are scheduled for about 7:35 a.m. ET, ahead of an 8:30 a.m. ET start for the webcast. 3
Investors typically use that event window to recalibrate expectations for postpaid subscriber growth — monthly bill-paying customers — alongside service revenue trends and free cash flow, which underpins shareholder returns.
Until then, traders are likely to keep TMUS tethered to broader risk sentiment and any new signals on wireless pricing, promotions and customer switching across the sector.
