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T-Mobile US adds 2 mln customers in Q3, ups FY guidance

T-Mobile US adds 2 mln customers in Q3, ups FY guidance

T-Mobile US added 2.0 million new customers in the third quarter for a total of over 67 million. The number of branded postpaid phone net additions amounted to 851,000, with churn falling 14 basis points from the year before to 1.32 percent. Postpaid growth under the T-Mobile brand reached 851,000 new customers in the quarter. T-Mobile also gained 684,000 prepaid users. Wholesale net customer additions were 317,000 in the quarter.

The company raised its full-year guidance range for branded postpaid net additions again, to 3.7-3.9 million from 3.4-3.8 million. It also raised and narrowed its expectations for adjusted EBITDA to USD 10.2-10.4 billion, from 9.8-10.1 billion. Capex is seen at USD 4.5-1.7 billion, from its previous target of 4.5-4.8 billion.

Customer growth helped drive a 13 percent annual increase in service revenue to USD 7.1 billion, and total revenues rose 17.8 percent to USD 9.2 billion. Average revenue per branded postpaid phone user totaled USD 48.15, up 2.2 percent sequentially and unchanged year-on-year. 

T-Mobile’s adjusted EBITDA increased 37.8 percent year-on-year to USD 2.6 billion while the EBITDA margin rose to 37 percent from 30 the year before. The net profit jumped 165 percent to USD 366 million, with earnings per share reaching USD 0.42. Capex amounted to USD 1.2 billion, up from 1.1 percent the year before.

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