Press release
T-Mobile Delivers Industry-Leading Growth in Customers and Profitability in Q1 2023 and Raises 2023 Guidance
Un-carrier Once Again Executes on its Differentiated Strategy with its Unique Combination of Best Network and Best Value Including Recent Launch of Phone
About this update from T-mobile Us, Inc.
[{"type":"text","content":"\nUn-carrier Once Again Executes on its Differentiated Strategy with its Unique Combination of Best Network and Best Value Including Recent Launch of Phone Freedom and New Go5G Plus Plan\n\n\n BELLEVUE, Wash.--(BUSINESS WIRE)--\nT-Mobile US, Inc. (NASDAQ: TMUS):\n\n\nIndustry-Leading Postpaid and Broadband Customer Growth(1)\n\n\n\nPostpaid net account additions of 287 thousand, best in industry\n\n\n\nPostpaid net customer additions of 1.3 million, more than AT&T and Verizon combined and raising guidance\n\n\n\nPostpaid phone net customer additions of 538 thousand, higher share of industry net adds year-over-year\n\n\n\nPostpaid phone churn of 0.89%, only operator to improve year-over-year\n\n\n\nHigh Speed Internet net customer additions of 523 thousand, more than AT&T, Verizon, Comcast and Charter combined for the 4th consecutive quarter\n\n\n\nDifferentiated Growth Strategy with Disciplined Focus on Profitability\n\n\n\nService revenues of $15.5 billion grew an industry-leading 3% year-over-year, including industry-leading Postpaid service revenue growth of 6% year-over-year\n\n\n\nNet income of $1.9 billion grew 172% year-over-year and diluted earnings per share (“EPS”) of $1.58 grew 177% year-over-year, best in industry growth\n\n\n\nCore Adjusted EBITDA(2) of $7.1 billion grew 9% year-over-year, best in industry growth and raising guidance\n\n\n\nNet cash provided by operating activities of $4.1 billion grew 5% year-over-year, higher margins year-over-year and raising guidance\n\n\n\nAdjusted Free Cash Flow(2) of $2.4 billion grew 46% year-over-year, best in industry margins and raising guidance\n\n\n\nRepurchased 33.0 million shares of common stock in Q1 2023 for $4.8 billion\n\n\n\nT-Mobile Reigns as Nationwide Overall Network Leader and Largest, Fastest and Most-Awarded 5G Network\n\n\n\nClean sweep across every category for overall network performance for the second quarter in a row from Ookla and continued wins across 5G network categories from Ookla and umlaut\n\n\n\n5G network covers 98% of Americans and Ultra-Capacity 5G covers 275 million people\n\n\n\nT-Mobile US, Inc. (NASDAQ: TMUS) reported first quarter 2023 results today, raising 2023 guidance while translating its disciplined approach to profitable growth into industry-leading growth in both customers and profitability. The company is celebrating 10 years o...