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$T-Mobile US (TMUS.US)$ T-Mobile US Increported its third-qu...
$T-Mobile US (TMUS.US)$ T-Mobile US Increported its third-quarter results after Wednesday's closing bell. Here's a look at the key figures from the quarter.
The Details: T-Mobile reported quarterly earnings of $2.61 per share, which beat the analyst consensus estimate of $2.41. Quarterly revenue came in at $20.16 billion which beat the analyst consensus estimate of $20.01 billion and is an increase over sales of $19.25 billion from the same period last year.
Service revenues of $16.7 billion grew 5% year-over-year.
Postpaid service revenues of $13.3 billion grew 8% year-over-year.
Adjusted Free Cash Flow of $5.2 billion grew 29% year-over-year and is a record high for the company.
Postpaid net account additions were 315,000 in the quarter.
Postpaid net customer additions were 1.6 million.
Postpaid phone net customer additions were 865,000.
Postpaid phone churn was 0.86%.
High-speed Internet net customer additions were 415,000.
“Delivering another quarter of industry-leading results, including our best third-quarter postpaid phone net adds in a decade and record low third quarter churn, translated into outsized financial results and empowered us to raise our 2024 guidance yet again,” said Mike Sievert, CEO of T-Mobile.
Outlook: T-Mobile raised its 2024 guidance across the board and now expects between 5.6 million and 5.8 million postpaid net customer additions, core adjusted EBITDA of between $31.6 billion and $31.8 billion. The company sees net cash from operations of between $22 billion and $22.3 billion and adjusted free cash flow is projected in a range of $16.7 billion to $17 billion.
The Details: T-Mobile reported quarterly earnings of $2.61 per share, which beat the analyst consensus estimate of $2.41. Quarterly revenue came in at $20.16 billion which beat the analyst consensus estimate of $20.01 billion and is an increase over sales of $19.25 billion from the same period last year.
Service revenues of $16.7 billion grew 5% year-over-year.
Postpaid service revenues of $13.3 billion grew 8% year-over-year.
Adjusted Free Cash Flow of $5.2 billion grew 29% year-over-year and is a record high for the company.
Postpaid net account additions were 315,000 in the quarter.
Postpaid net customer additions were 1.6 million.
Postpaid phone net customer additions were 865,000.
Postpaid phone churn was 0.86%.
High-speed Internet net customer additions were 415,000.
“Delivering another quarter of industry-leading results, including our best third-quarter postpaid phone net adds in a decade and record low third quarter churn, translated into outsized financial results and empowered us to raise our 2024 guidance yet again,” said Mike Sievert, CEO of T-Mobile.
Outlook: T-Mobile raised its 2024 guidance across the board and now expects between 5.6 million and 5.8 million postpaid net customer additions, core adjusted EBITDA of between $31.6 billion and $31.8 billion. The company sees net cash from operations of between $22 billion and $22.3 billion and adjusted free cash flow is projected in a range of $16.7 billion to $17 billion.
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