Press release
T-Mobile Delivers Industry-Leading Growth in Customers, Service Revenues and Profitability in Q2, Raises 2024 Customer and Cash Flow Guidance
Un-carrier Delivers Best Q2 Postpaid Phone Net Customer Additions in Company History and Maintains Network Leadership with Largest, Fastest and Most Advanced
About this update from T-mobile Us, Inc.
[{"type":"text","content":"\nUn-carrier Delivers Best Q2 Postpaid Phone Net Customer Additions in Company History and Maintains Network Leadership with Largest, Fastest and Most Advanced 5G Network\n\n\n BELLEVUE, Wash.--(BUSINESS WIRE)--\nT-Mobile US, Inc. (NASDAQ: TMUS):\n\n\nIndustry-Leading Customer Growth Fueled by Best Network and Best Value Combination(1)\n\n\n\nPostpaid net account additions of 301 thousand, best in industry\n\n\n\nPostpaid net customer additions of 1.3 million, best in industry, crossed 100 million postpaid customers milestone\n\n\n\nPostpaid phone net customer additions of 777 thousand, best in industry, highest Q2 in company history, and postpaid phone churn of 0.80%\n\n\n\nHigh Speed Internet net customer additions of 406 thousand, best in industry, highest share of industry net additions ever\n\n\n\nTranslating Industry-Leading Customer Growth Into Industry-Leading Financial Performance\n\n\n\nService revenues of $16.4 billion grew 4% year-over-year, best in industry growth\n\n\n\nPostpaid service revenues of $12.9 billion grew 7% year-over-year, best in industry growth\n\n\n\nNet income of $2.9 billion grew 32% year-over-year, best in industry growth\n\n\n\nDiluted earnings per share (“EPS”) of $2.49 grew 34% year-over-year, best in industry growth\n\n\n\nCore Adjusted EBITDA(2) of $8.0 billion grew 9% year-over-year, best in industry growth\n\n\n\nNet cash provided by operating activities of $5.5 billion, record high and grew 27% year-over-year\n\n\n\nAdjusted Free Cash Flow(2) of $4.4 billion, record high and grew 54% year-over-year\n\n\n\nReturned $3.0 billion to stockholders in Q2 2024, including repurchases of $2.3 billion of common stock and a quarterly dividend payment of $759 million\n\n\n\nOverall Network Leader with Largest, Fastest and Most Advanced 5G Network\n\n\n\nSwept every category for overall network performance in the latest third-party reports, including most consistent overall network and highest ranking consumer sentiment from Ookla and ranking first for all overall network experience metrics from Opensignal\n\n\n\n87% of 5G traffic carried on sites with three spectrum layers, delivering an incredibly consistent network experience\n\n\n\nT-Mobile US, Inc. (NASDAQ: TMUS) reported second quarter 2024 results today, raising full-year customer and cash flow guidance while delivering industry-leading custome...