Press release
T-Mobile Raises 2021 Guidance as Network Leadership Fuels Industry-Leading Growth with Strong First Quarter 2021 Results
BELLEVUE, Wash.--(BUSINESS WIRE)-- T-Mobile US, Inc. (NASDAQ: TMUS): Industry-Leading Customer Growth Total net additions of 1.4 million, best in industry
About this update from T-mobile Us, Inc.
[{"type":"text","content":" BELLEVUE, Wash.--(BUSINESS WIRE)--\nT-Mobile US, Inc. (NASDAQ: TMUS):\n\nIndustry-Leading Customer Growth\n\n\nTotal net additions of 1.4 million, best in industry\n\n\nPostpaid net additions of 1.2 million, best in industry and raising 2021 guidance\n\n\nPostpaid phone net additions of 773 thousand, best in industry\n\n\nStrong Financial Results Drive Guidance Raise\n\n\nTotal revenues of $19.8 billion and service revenues of $14.2 billion\n\n\nNet income of $933 million, diluted earnings per share (“EPS”) of $0.74 and Adjusted EBITDA(1) of $6.9 billion\n\n\nCore Adjusted EBITDA(1) of $5.9 billion, raising 2021 guidance\n\n\nNet cash provided by operating activities of $3.7 billion and Free Cash Flow(1) of $1.3 billion, raising 2021 guidance\n\n\nRaising 2021 Merger Synergies Guidance on Continued Integration Progress\n\n\nExpect Merger synergies of $2.8 billion to $3.1 billion\n\n\nApproximately 50 percent of Sprint customer traffic is now carried on the T-Mobile network, 2x more than last quarter\n\n\nApproximately 20 percent of Sprint customers have been moved to the T-Mobile network\n\n\nAmerica’s Largest, Fastest and Most Reliable 5G Network Extends its Lead\n\n\nExtended Range 5G covers 295 million people across 1.6 million square miles, 4x more than Verizon and 2x more than AT&T\n\n\nUltra Capacity 5G covers 140 million people and on track to cover 200 million people nationwide by the end of 2021\n\n\nMajority of independent third-party network benchmarking reports show T-Mobile as the clear leader in 5G speed and availability\n\n\nNetwork perception catching up to reality with a nearly 120 percent increase in consumers who view T-Mobile as “The 5G Company” since Q3 2019\n\n\nT-Mobile US, Inc. (NASDAQ: TMUS) reported first quarter 2021 results today, highlighted by industry-leading total net additions, postpaid net additions, and postpaid phone net additions. The company also reported strong financial results and raised 2021 guidance as its synergy-backed model simultaneously delivers customer growth and profitability.\n\n“T-Mobile puts customers at the center of everything we do by giving them the best network, value and experience all at once – and this quarter’s stellar, industry-leading results prove that they’re noticing,” said Mike Sievert, CEO of T-Mobile. “We just keep pushing further ahead of the competition. O...