- T-Mobile US, Inc (NASDAQ:TMUS) reported first-quarter FY22 revenue growth of 1.8% year-on-year to $20.12 billion, beating the consensus of $20.11 billion. EPS of $0.57 beat the consensus of $0.32.
- Service revenues of $15.1 billion grew 7% Y/Y, including Postpaid service revenue growth of 9%.
- T-Mobile added 348 thousand postpaid net accounts and 1.3 million postpaid net customer additions. T-Mobile added 589 thousand postpaid phone net customer additions.
- T-Mobile added 338 thousand high-speed internet net customers.
- Core Adjusted EBITDA of $6.5 billion grew 10% Y/Y.
- T-Mobile generated $1.65 billion in free cash flow.
- CEO Mike Sievert said, "T-Mobile continues to be the growth leader in this industry, with another beat and raise quarter that delivered front-of-the-pack postpaid, new account, and broadband customer results."
- 2022 Outlook: T-Mobile raised the Sprint merger synergies guidance range to $5.2 billion - $5.4 billion, up from the previous $5.0 billion - $5.3 billion.
- T-Mobile saw Postpaid net customer additions of 5.3 million - 5.8 million, up from the prior 5.0 million - 5.5 million.
- T-Mobile saw a free cash flow of $7.2 billion - $7.6 billion, up from $7.1 billion - $7.6 billion.
- Price Action: TMUS shares traded higher by 4.59% at $130.69 on the last check Wednesday.
- Photo via Wikimedia commons
