Press release
T-Mobile Delivers Industry-Leading Growth in Customers and Profitability in Q2 2023, Raises 2023 Guidance Again
Un-carrier Reaches Another Milestone with the Lowest Postpaid Phone Churn in the Industry for the First Time Ever, while Delivering the Highest Q2 Postpaid
About this update from T-mobile Us, Inc.
[{"type":"text","content":"\nUn-carrier Reaches Another Milestone with the Lowest Postpaid Phone Churn in the Industry for the First Time Ever, while Delivering the Highest Q2 Postpaid Phone Net Adds in Eight Years\n\n\n BELLEVUE, Wash.--(BUSINESS WIRE)--\nT-Mobile US, Inc. (NASDAQ: TMUS):\n\n\nIndustry-Leading Customer Growth Fueled by Network Leadership and Launch of Phone Freedom(1)\n\n\n\nPostpaid net account additions of 299 thousand, best in industry\n\n\n\nPostpaid net customer additions of 1.6 million, best in industry and raising guidance\n\n\n\nPostpaid phone net customer additions of 760 thousand, best in industry and best Q2 in eight years\n\n\n\nPostpaid phone churn of 0.77%, best in industry for the first time ever and a record low\n\n\n\nHigh Speed Internet net customer additions of 509 thousand, more than AT&T, Verizon, Comcast and Charter combined for the 5th consecutive quarter\n\n\n\nDifferentiated Profitable Growth Strategy Drives Industry-Leading Financial Performance\n\n\n\nService revenues of $15.7 billion grew 3% year-over-year and Postpaid service revenues of $12.1 billion grew 5% year-over-year, both best in industry growth\n\n\n\nNet income of $2.2 billion grew $2.3 billion year-over-year and diluted earnings per share (“EPS”) of $1.86 grew $1.95 year-over-year, best in industry growth\n\n\n\nCore Adjusted EBITDA(2) of $7.3 billion grew 11% year-over-year, best in industry growth and raising guidance\n\n\n\nNet cash provided by operating activities of $4.4 billion grew 3% year-over-year, raising guidance\n\n\n\nAdjusted Free Cash Flow(2) of $2.9 billion grew 64% year-over-year\n\n\n\nRepurchased 25.2 million shares of common stock in Q2 2023 for $3.5 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 third quarter in a row from Ookla, along with continued wins across multiple overall network and 5G categories from Opensignal and umlaut\n\n\n\n5G network covers 98% of Americans and Ultra-Capacity 5G covers 285 million people\n\n\n\nT-Mobile US, Inc. (NASDAQ: TMUS) reported second quarter 2023 results today, delivering industry-best growth in postpaid customers driven by growth in postpaid phone gross additions coupled with the lowest postpaid phone churn in the industry for the first t...