T-Mobile's Record Growth and Projections
T-Mobile (TMUS) achieved exceptional results in 2024, adding 903,000 postpaid phone customers in Q4 and a total of 3.1 million for the year, marking its third consecutive year of over 3 million additions. Service revenues hit $66.2 billion, with net income soaring to $11.3 billion, representing the highest in its history. Despite a record-low postpaid phone churn rate of 0.86%, T-Mobile's financial momentum continues into 2025, projecting postpaid net customer additions between 5.5-6.0 million, as detailed in its recent update.
ASML's Impressive Earnings and Outlook
ASML reported strong financial results for 2024, with total net sales reaching €28.3 billion and net income of €7.6 billion, as detailed in their official announcement. The fourth quarter was particularly noteworthy, with record revenue of €9.3 billion and a 51.7% gross margin. ASML's projections for 2025 are promising, with expected total net sales between €30 billion and €35 billion, emphasizing AI as a key growth driver.
Meta's Strong Annual Results
Meta (META) reported strong Q4 and full-year 2024 financial results. Q4 revenue reached $48.39 billion, up 21% year-over-year, and net income for Q4 increased 49% to $20.84 billion, with diluted EPS of $8.02. For Q1 2025, Meta expects revenue between $39.5-41.8 billion, representing 8-15% growth, pointing to successful strategic adjustments in ad pricing and operational efficiencies.
Comcast's Ultra-Low Lag Internet Service
Comcast has launched a groundbreaking ultra-low lag connectivity service for Xfinity Internet customers, becoming the first provider globally to offer this technology. The service dramatically reduces latency to faster than an eye blink for interactive applications like gaming, videoconferencing, and virtual reality. The technology initially works with FaceTime across Apple devices including Vision Pro, apps on Meta's mixed reality headsets, NVIDIA's GeForce NOW, and many games on Valve's Steam platform. Initial rollout has begun in cities like Atlanta and Chicago, with a rapid expansion planned nationwide.
Significant Earnings Reports
Teradyne (NASDAQ:TER) reported strong Q4 2024 results with revenue of $753 million, up 12% from Q4'23, driven by robust AI-related demand. The Semiconductor Test segment contributed $561 million, while Robotics added $98 million. For full-year 2024, Teradyne achieved revenue of $2.82 billion. Looking to 2025, they foresee revenue acceleration, especially in Mobile and Auto/Industrial sectors. More details can be found in their report.
Ameriprise Financial (NYSE: AMP) reported strong Q4 and full-year 2024 results, with Q4 adjusted operating earnings per share increasing 23% to $9.54. Assets under management reached $1.5 trillion, up 10%. The company demonstrated robust financial performance with adjusted operating net revenues increasing 13% in its latest report.
IBM released its Q4 2024 earnings with revenue of $17.6 billion. The company's Software segment showed a strong performance, contributing to growth. IBM projected revenue growth of at least 5% for 2025, based on constant currency, and free cash flow expectations of about $13.5 billion as stated in their announcement.
Tesla (TSLA) reported mixed Q4 and full-year 2024 financial results. Revenue grew to $25.7 billion in Q4, while operating income decreased due to lower vehicle average selling prices, affected by pricing adjustments and financing options. Tesla's report is available here.
Corporate Innovations and Listings
Brightcove (BCOV) has launched its AI Content Suite, introducing AI-powered tools for content creation and production, accelerating business productivity. The suite enhances video content by automating the conversion of long-form content into short-form clips, emphasizing the role of AI in media industries explained the company.
Cloudastructure announced its Class A common shares will list on the Nasdaq Capital Market under CSAI, bringing vital exposure in AI analytics as per their announcement.
Strategic Partnerships and Developments
Despegar (NYSE: DESP), Latin America's leading travel technology company, has announced a strategic partnership with HBX Group. This collaboration integrates HBX Group's European and North American non-air inventory into Despegar's platform, expanding options for both B2C and B2B customers. The partnership is expected to enhance travel packages and offer more flexibility according to their announcement.
Core Laboratories (CLB) reported Q4 2024 revenue of $129.2M, with operating income of $14.2M. Full-year revenue increased by 3% to $523.8M, and EPS ex-items rose 9% to $0.87. The company reduced net debt by $42M during 2024 as reported.
Fed Interest Rates and Market Expectations
The New York Stock Exchange (NYSE) highlighted in its daily pre-market update that markets are closely watching the Federal Reserve's first interest rate decision of 2025. With expectations for rates to remain unchanged, Fed Chair Jerome Powell is set to address this in a statement scheduled for 2:30 PM ET today.
