Summary by Moomoo AI
T-Mobile US reported strong Q3 2024 results, with total revenues increasing 5% year-over-year to $20.16 billion. Net income surged 43% to $3.06 billion, driven by higher service revenues and lower operating expenses. Postpaid phone customers grew by 865,000, while total net customer additions reached 1.6 million.Core Adjusted EBITDA rose 9% to $8.22 billion, reflecting improved service revenues and cost efficiencies. The company's 5G network expansion continued, with capital expenditures of $2.0 billion in Q3. T-Mobile maintained a solid liquidity position with $9.8 billion in cash and cash equivalents as of September 30, 2024.Looking ahead, T-Mobile expects to close its UScellular wireless operations acquisition in mid-2025 for approximately $4.4 billion. The company also plans to invest in fiber joint ventures with Lumos and Metronet, expanding its broadband offerings. T-Mobile remains committed to its 2023-2024 Stockholder Return Program, with $7.3 billion remaining for share repurchases and dividends through year-end 2024.
