Press release
T-Mobile Delivers Industry-Leading Growth in Postpaid Service Revenues, Postpaid Customers and Cash Flow in Q3
Raises 2021 Guidance for the Third Consecutive Quarter BELLEVUE, Wash.--(BUSINESS WIRE)-- T-Mobile US, Inc. (NASDAQ: TMUS): Consistent and Profitable
About this update from T-mobile Us, Inc.
[{"type":"text","content":"\nRaises 2021 Guidance for the Third Consecutive Quarter\n\n BELLEVUE, Wash.--(BUSINESS WIRE)--\nT-Mobile US, Inc. (NASDAQ: TMUS):\n\nConsistent and Profitable Customer Growth\n\n\nPostpaid net additions of 1.3 million, best in industry and raising 2021 guidance\n\n\nPostpaid phone net additions of 673 thousand, 2.1 million year-to-date increased 50% year-over-year\n\n\nPostpaid account net additions of 268 thousand, best in industry\n\n\nStrong Financial Results Drive 2021 Guidance Raise for the Third Consecutive Quarter\n\n\nRecord-high Service revenues of $14.7 billion grew more than 4% year-over-year, including industry-leading Postpaid service revenues growth of 6% year-over-year\n\n\nStrong Net income of $691 million and diluted earnings per share (“EPS”) of $0.55 included higher merger-related costs year-over-year, and Adjusted EBITDA(1) was $6.8 billion\n\n\nRecord-high Core Adjusted EBITDA(1) of $6.0 billion, best growth in industry and raising 2021 guidance\n\n\nNet cash provided by operating activities of $3.5 billion increased 25% year-over-year, raising 2021 guidance\n\n\nFree Cash Flow(1) of $1.6 billion increased more than 4x year-over-year, best growth in industry and raising 2021 guidance\n\n\nAmerica’s Largest, Fastest and Most Reliable 5G Network Further Extends its Lead\n\n\nExtended Range 5G covers 308 million people and 1.7 million square miles — most available 5G network in the world(2)\n\n\nUltra Capacity 5G covers 190 million people and can deliver speeds of 400 Mbps or more, on track to cover 200 million people nationwide by end of year(3)\n\n\nA dozen independent third-party network benchmarking reports show T-Mobile customers consistently get award-winning 5G, including the fastest average speeds, broadest coverage and most reliable 5G\n\n\nNetwork Integration Progress Fuels Higher Merger Synergies\n\n\nApproximately 90% of Sprint customer traffic is now carried on the T-Mobile network\n\n\nApproximately 53% of Sprint customers have been fully transitioned to the T-Mobile network\n\n\nRaising 2021 merger synergies guidance for the third consecutive quarter\n\n\nT-Mobile US, Inc. (NASDAQ: TMUS) reported third quarter 2021 results today, delivering industry-leading Postpaid service revenues and customer growth, and raising 2021 guidance across the board. T-Mobile’s growth and synergy-backed model enable...