T-Mobile tops customer estimates

T-Mobile tops customer estimates

Technology News

T-Mobile tops customer estimates

 

T-Mobile tops customer estimates

T-Mobile conveyed its best Q2 ever in its most recent profit report, notwithstanding incomes that missed the mark regarding desires.

Offers are up 1.1% night-time.

Client comes about topped assessments, with 1.6M aggregate net options; of those, 1M were marked postpaid net includes and 686,000 marked postpaid telephone net includes (again driving adversaries).

Marked postpaid telephone beat was a record low 0.95%, down 15 premise focuses, and furthermore came out on top.

1.6M Customer Net Additions; Record Service Revenues of $7.9B; Record Low Postpaid Phone Churn of 0.95%; Strong Net Income of $782M and EPS of $0.92; Record Adjusted EBITDA of $3.2B

BELLEVUE, Wash.--(BUSINESS WIRE)-- T-Mobile US, Inc. (TMUS):

Industry-Leading Customer Growth

  • 1.6 million total net additions – 21st consecutive quarter with more than 1 million net additions
  • 1.0 million total branded postpaid net additions – supported by continued strong postpaid other net additions
  • 686,000 branded postpaid phone net additions – led industry for the 18th consecutive quarter
  • 91,000 branded prepaid net additions – flat year-over-year despite increased competitive activity in the market
  • Record low 0.95% branded postpaid phone churn, down 15 bps year-over-year

Strong Financial Performance (all percentages year-over-year)

  • Service revenues up 7% to $7.9 billion - led industry for the 17th consecutive quarter
  • Total revenues up 4% to $10.6 billion
  • Net income up 35% to $782 million and diluted earnings per share (EPS) of $0.92
  • Adjusted EBITDA(1) up 7% to $3.2 billion
  • Net cash provided by operating activities(3) up 14% to $1.3 billion
  • Free Cash Flow(1)(3) up 61% to $774 million

Network Expansion Continues, Garners Industry Accolades

  • T-Mobile now covers 323 million people with 4G LTE - targeting 325 million people by year-end 2018
  • Aggressive deployment of 600 MHz in Q2 2018, augmenting existing low-band capabilities on 700 MHz
  • Fastest LTE network according to Ookla; outright winner in 5 of 7 categories in most recent OpenSignal study

Continued Strong Outlook for 2018

  • Increased target for branded postpaid net customer additions of 3.0 to 3.6 million
  • Net income is not available on a forward-looking basis(2)
  • Increased Adjusted EBITDA target of $11.5 to $11.9 billion including leasing revenues of $0.6 to $0.7 billion(1)
  • Cash purchases of property and equipment, excluding capitalized interest, of $4.9 to $5.3 billion, unchanged from the prior target range, now expected to come in at the high end of the range. This includes expenditures for 5G deployment
  • Three-year compound annual growth rates (CAGRs) for Net cash provided by operating activities and Free Cash Flow from FY 2016 to FY 2019 also unchanged at 7% - 12% and 46% - 48%, respectively(1)(3)

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