Press release
T-Mobile Delivers Industry-Leading Postpaid Service Revenue and Cash Flow Growth in Q2 2022 and Raises Guidance Across the Board
The Un-carrier Leads the Industry in Postpaid and Broadband Customer Growth Fueled by Network and Value Leadership BELLEVUE, Wash.--(BUSINESS WIRE)--
About this update from T-mobile Us, Inc.
[{"type":"text","content":"\nThe Un-carrier Leads the Industry in Postpaid and Broadband Customer Growth\n\nFueled by Network and Value Leadership\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 380 thousand, best in industry and highest in company history\n\n\nPostpaid net customer additions of 1.7 million, more than AT&T and Verizon combined and highest Q2 ever\n\n\nPostpaid phone net customer additions of 723 thousand, including lower churn than Verizon for first time ever\n\n\nHigh Speed Internet net customer additions of 560 thousand, best in industry for third consecutive quarter\n\n\nStrong Financial Results Drive 2022 Guidance Raise Across the Board\n\n\nService revenues of $15.3 billion grew 6% year-over-year, including industry-leading Postpaid service revenue growth of 9% and best postpaid phone ARPU growth in more than 5 years\n\n\nNet loss of $108 million and diluted (loss) per share (“EPS”) of $(0.09) decreased year-over-year due to merger-related costs and other special expense items amounting to $1.9 billion, net of tax, or $1.52 per share\n\n\nCore Adjusted EBITDA(2) of $6.6 billion grew 10% year-over-year, best growth in industry and raising guidance\n\n\nNet cash provided by operating activities of $4.2 billion grew 11% year-over-year, best growth in industry and raising guidance\n\n\nFree Cash Flow(2) of $1.8 billion grew 5% year-over-year, best growth in industry and raising guidance\n\n\n\nUnprecedented Pace of 5G Network Build Delivers Differentiated Customer Experience\n\n\nExtended Range 5G covers 320 million people, or 97% of Americans\n\n\nUltra Capacity 5G covers 235 million people and approximately 87% of T-Mobile customers\n\n\n50% of postpaid customers are now using a 5G phone, and 5G devices account for 55% of all network traffic\n\n\nCommenced Sprint Network Shutdown and Will Substantially Complete Decommissioning by End of Q3\n\n\nRaising merger synergies guidance range to $5.4 to $5.6 billion in 2022\n\n\nT-Mobile US, Inc. (NASDAQ: TMUS) reported second quarter 2022 results today, leading the industry with record postpaid account and broadband customer growth driven by its unmatched combination of value and quality. T-Mobile raises guidance across the board as its synergy-backed model and dif...