$TMUS (+0.18%) | T-Mobile US Q3'24 Earnings Highlights:
๐น EPS: $2.61 (Est. $2.43) ๐ข; UP +43% YoY
๐น Revenue: $20.16B (Est. $20.01B) ๐ข; UP +4.7% YoY
๐น Service Revenue: $16.73B; UP +5.1% YoY
๐น Core Adjusted EBITDA: $8.22B (Est. $8.13B) ๐ข; UP +8.9% YoY
๐น Adjusted Free Cash Flow: $5.2B; UP +29% YoY
๐น Net Income: $3.1B; UP +43% YoY
FY24 Guidance:
๐น Postpaid Net Customer Additions: 5.6M-5.8M (Prev. 5.4M-5.7M) ๐ข
๐น Core Adjusted EBITDA: $31.6B-$31.8B (Prev. $31.5B-$31.8B) ๐ก
๐น Capital Expenditure: $8.8B-$9.0B (Prev. $8.7B-$9.1B) ๐ก
๐น Adjusted Free Cash Flow: $16.7B-$17.0B (Prev. $16.6B-$17.0B) ๐ก
Q3 Customer Metrics:
๐น Total Net Additions: 1.6M; UP +23% YoY
๐น Postpaid Phone Net Additions: 865K (Est. 727.5K) ๐ข; UP +1.8% YoY
๐น Postpaid Other Net Additions: 710K; UP +89% YoY
๐น Prepaid Net Additions: 24K; DOWN -70% YoY
๐น Postpaid Phone Churn: 0.86% (Improved from 0.87% YoY)
๐น Total Customer Base: 127.49M; UP +8.1% YoY
๐น High-Speed Internet Net Additions: 415K; Total 6M Internet Customers
Key Performance Indicators:
๐น Postpaid Monthly ARPA: $145.60; UP +4.1% YoY
๐น Postpaid Phone ARPU: $49.79
Operational and Strategic Highlights:
๐ธ Network Leadership: T-Mobile won best 5G availability globally for the fourth year in a row, being the only US operator to receive a 5G Global Winner award from Opensignal.
๐ธ Technology Innovation: Launch of AI-powered IntentCX platform with OpenAI to provide personalized customer solutions.
๐ธ High-Speed 5G Plans: Continued strong adoption of Go5G Next and Go5G Plus premium plans, driving subscriber growth.
CEO Commentary:
๐ธ Mike Sievert, CEO: "Delivering another quarter of industry-leading results, including our best Q3 postpaid phone net adds in a decade and record-low churn, empowers us to raise our 2024 guidance. Our powerful combination of the best network, unmatched value, and innovative experiences positions us for profitable, industry-leading growth into the next era of the Un-carrier."