Press release
T-Mobile Delivers Industry-Leading Growth in Postpaid Accounts and Customers in Q1 2022 Fueled by 5G Network Leadership
Un-carrier Celebrates Two-Year Merger Anniversary with Highest Postpaid Service Revenue and Cash Flow Growth in the Industry and Raises Guidance Across the
About this update from T-mobile Us, Inc.
[{"type":"text","content":"\nUn-carrier Celebrates Two-Year Merger Anniversary with Highest Postpaid Service Revenue and Cash Flow Growth in the Industry and Raises Guidance Across the Board\n\n BELLEVUE, Wash.--(BUSINESS WIRE)--\nT-Mobile US, Inc. (NASDAQ: TMUS):\n\nIndustry-Leading Growth in Postpaid and Broadband Customers(1)\n\n\nPostpaid net account additions of 348 thousand, best in industry and record Q1\n\n\nPostpaid net customer additions of 1.3 million, best in industry and highest Q1 in eight years\n\n\nPostpaid phone net customer additions of 589 thousand, including best churn improvement in industry\n\n\nHigh Speed Internet net customer additions of 338 thousand, best in industry and record high\n\n\nStrong Financial Results Drive 2022 Guidance Raise Across the Board\n\n\nService revenues of $15.1 billion grew 7% year-over-year including industry-leading Postpaid service revenue growth of 9%\n\n\nStrong Net income of $713 million and diluted earnings per share (“EPS”) of $0.57\n\n\nCore Adjusted EBITDA(2) of $6.5 billion grew 10% year-over-year, best growth in industry and raising guidance\n\n\nNet cash provided by operating activities of $3.8 billion grew 5% year-over-year, best growth in industry and raising guidance\n\n\nFree Cash Flow(2) of $1.6 billion grew 26% year-over-year, best growth in industry and raising guidance\n\n\nRaising merger synergies guidance range to $5.2 to $5.4 billion in 2022\n\n\nUnprecedented Pace of Network Build Extends 5G Leadership and Delivers on Accelerated Integration \n\n\nExtended Range 5G covers 315 million people, or 95% of Americans\n\n\nUltra Capacity 5G covers 225 million people and nearly 85% of T-Mobile customers\n\n\nApproximately 45% of postpaid customers are now using a 5G phone, and 5G devices account for more than half of total network traffic\n\n\nOn track to complete Sprint customer network migration mid-year and decommissioning by end of year\n\n\nT-Mobile US, Inc. (NASDAQ: TMUS) reported first quarter 2022 results today, delivering industry-leading growth in postpaid and broadband customers driven by its unparalleled 5G network and best value combination. T-Mobile had the highest postpaid service revenue and cash flow growth in the industry enabled by its synergy-backed model and diverse growth strategy and raises full-year 2022 guidance across the board.\n\n“T-Mobile continues to be the gr...