Press release
T-Mobile Crosses 100 Million Total Customer Milestone and Raises Second Half 2020 Financial Guidance Across the Board with Strong Third Quarter 2020 Results
BELLEVUE, Wash.--(BUSINESS WIRE)-- T-Mobile US, Inc. (NASDAQ: TMUS): Industry-Leading Customer Growth Record-high 2,035,000 total net additions, best in
About this update from T-mobile Us, Inc.
[{"type":"text","content":" BELLEVUE, Wash.--(BUSINESS WIRE)--\nT-Mobile US, Inc. (NASDAQ: TMUS):\n\nIndustry-Leading Customer Growth\n\n\nRecord-high 2,035,000 total net additions, best in industry\n\n\nRecord-high 1,979,000 postpaid net additions, best in industry\n\n\n689,000 postpaid phone net additions, best in industry\n\n\n56,000 prepaid net additions\n\n\nRecord-high 100.4 million total customers at the end of Q3 2020\n\n\nStrong Financial Results Drive Guidance Raise Across the Board\n\n\nTotal revenues of $19.3 billion and service revenues of $14.1 billion\n\n\nNet income(1) of $1.3 billion and diluted earnings per share (“EPS”) of $1.00\n\n\nAdjusted EBITDA(1) of $7.1 billion, raising H2 2020 guidance\n\n\nNet cash provided by operating activities of $2.8 billion, raising H2 2020 guidance\n\n\nFree Cash Flow(1) of $352 million, raising H2 2020 guidance\n\n\nDelivering Merger Synergies Faster Than Expected\n\n\nExpect to deliver more than $1.2 billion of synergies in 2020\n\n\n15 percent of Sprint postpaid customer traffic has already been moved over to the T-Mobile network and customer network migrations have begun\n\n\nExtending 5G Network Leadership\n\n\nAmerica’s largest 5G network covering 270 million people with more geographic coverage than Verizon and AT&T combined\n\n\nSupercharged experience with mid-band (2.5 GHz) 5G network covering more than 30 million people and expect to cover 100 million people by the end of 2020\n\n\nT-Mobile US, Inc. (NASDAQ: TMUS) reported third quarter results today, highlighted by crossing the 100 million customer milestone after reporting record-high postpaid net additions that were nearly as much as the rest of the industry combined. T-Mobile, the undisputed growth leader in wireless, delivered industry-best results in total customer net additions, postpaid net additions, and postpaid phone net additions while simultaneously delivering net income and adjusted EBITDA growth. With these strong results, the company is raising its second half 2020 guidance for profitability and cash flow.\n\nSince closing its merger with Sprint seven months ago, T-Mobile has been driving hard on integration including unifying employees and customers under one brand, rapidly improving the Sprint customer experience, and quickly rolling out 2.5 GHz spectrum to build the world’s best 5G network. Merger synergies are being realize...