T-Mobile (TMUS) Tops Q3 EPS by 4c; Raises Outlook

October 24, 2016 7:32 AM EDT
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T-Mobile (NASDAQ: TMUS) reported Q3 EPS of $0.27, ex-spectrum gains, $0.04 better than the analyst estimate of $0.23. Revenue for the quarter came in at $9.2 billion versus the consensus estimate of $9.42 billion.

  • The fastest growing wireless company in America:
    • 2.0 million total net adds – 14th consecutive quarter of over 1 million
    • 851,000 branded postpaid phone net adds – industry leader in net adds for the 11th consecutive quarter
    • 684,000 branded prepaid net adds – 2nd best quarterly net adds performance in Company history
    • 1.32% branded postpaid phone churn* – down 14 bps YoY
  • Customer growth continues to drive industry-leading financial growth:
    • $7.1 billion service revenues, up 13.2% YoY – industry leader in growth for 10th consecutive quarter
    • $9.2 billion total revenues, up 17.8% YoY – industry leader in growth for 13th time in past 14 quarters
    • $366 million net income, up 165% YoY – 5.1% as a percentage of service revenues. Third quarter 2016 includes $122 million in spectrum gains.
    • $0.42 EPS, up $0.27 YoY. Third quarter 2016 includes $0.15 in spectrum gains.
    • $2.6 billion Adjusted EBITDA**, up 37.8% YoY – 37% Adjusted EBITDA margin***. Third quarter 2016 includes $199 million in spectrum gains.
  • America’s fastest and fastest growing 4G LTE network – 312 million POPs covered – 99.7% of Verizon
  • Raising customer outlook and narrowing Adjusted EBITDA target for 2016:
    • Guidance range for branded postpaid net adds increased to 3.7 to 3.9 million from 3.4 to 3.8 million
    • Net income is not available on a forward-looking basis****
    • Raising and narrowing Adjusted EBITDA target to $10.2 to $10.4 billion from $9.8 to $10.1 billion
    • Narrowing cash capital expenditures guidance to $4.5 to $4.7 billion from $4.5 to $4.8 billion

For earnings history and earnings-related data on T-Mobile (TMUS) click here.



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