Press release
T-Mobile Maintains Unprecedented Momentum in Q3 and Sets the Stage for the First Nationwide 5G Network Launch in 2019
Total Net Additions of 1.7M, Record-Low Q3 Branded Postpaid Phone Churn of 0.89%, Record Service Revenues of $8.6B, Record Q3 Net Income of $870M and Record
About this update from T-mobile Us, Inc.
[{"type":"text","content":"\nTotal Net Additions of 1.7M, Record-Low Q3 Branded Postpaid Phone Churn of 0.89%, Record Service Revenues of $8.6B, Record Q3 Net Income of $870M and Record Q3 Adj. EBITDA of $3.4B\n\n BELLEVUE, Wash.--(BUSINESS WIRE)--\nT-Mobile US, Inc. (NASDAQ: TMUS):\n\n\nStrong Customer Growth\n\n\n\n1.7 million total net additions in Q3 2019 - record 26th consecutive quarter of more than 1 million total net additions\n\n\n1.1 million branded postpaid net additions in Q3 2019 - best in the industry\n\n\n754,000 branded postpaid phone net additions in Q3 2019 - best in the industry\n\n\n62,000 branded prepaid net additions in Q3 2019, up 27,000 YoY\n\n\nRecord-low Q3 branded postpaid phone churn of 0.89% in Q3 2019, down 13 bps YoY\n\n\n\nRecord Q3 Financial Performance (all percentages year-over-year)\n\n\n\nRecord Service revenues of $8.6 billion, up 6% in Q3 2019 with Branded postpaid revenues up 10%\n\n\nRecord Q3 Total revenues of $11.1 billion, up 2% in Q3 2019\n\n\nRecord Q3 Net income of $870 million, up 9% in Q3 2019\n\n\nRecord Q3 Diluted earnings per share (“EPS”) of $1.01, up 9% in Q3 2019\n\n\nRecord Q3 Adjusted EBITDA(1) of $3.4 billion, up 5% in Q3 2019\n\n\nRecord Q3 Net cash provided by operating activities of $1.7 billion, up 91% in Q3 2019\n\n\nRecord Q3 Free Cash Flow(1) of $1.1 billion, up 27% in Q3 2019\n\n\n\nTaking Major Steps Towards Nationwide 5G\n\n\n\nAccelerated the planned launch of the first nationwide 5G network, utilizing 600 MHz spectrum, to this year, forming the foundational 5G coverage layer for New T-Mobile\n\n\n600 MHz now reaching nearly 8,300 cities and towns in 48 states and Puerto Rico\n\n\n4G LTE on 600 MHz now covers 200 million people and 1.4 million square miles\n\n\nMore than 26 million 600 MHz compatible devices already on our network\n\n\n\nContinued Strong Outlook for 2019\n\n\n\nBranded postpaid net additions of 4.1 to 4.3 million, up from prior guidance of 3.5 to 4.0 million\n\n\nNet income is not available on a forward-looking basis(2)\n\n\nAdjusted EBITDA target of $13.1 to $13.3 billion, which includes leasing revenues of $550 to $600 million, up at the midpoint from prior guidance of $12.9 to $13.3 billion(1)\n\n\nCash purchases of property and equipment, excluding capitalized interest of approximately $450 million (up from prior guidance of $400 million), are expected to be $5.9 to ...