T-Mobile (TMUS) Adds 2.1M Subs in Q2
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T-Mobile (NYSE: TMUS) said it generated 2.1 million total net customer additions, including over 1.0 million branded postpaid net customer additions, in the second quarter. This marks the ninth consecutive quarter that T-Mobile has delivered over 1 million total net customer additions and the fourth consecutive quarter with over 1 million branded postpaid net customer additions.
“T-Mobile’s momentum continued in full force for the second quarter, with 2.1 million customers voting in favor of the Un-carrier,” said John Legere, President and CEO of T-Mobile. “Now we are doubling down again with Un-carrier Amped! Once again making it absolutely clear that...We Won’t Stop!”
Preliminary Customer Results and Churn Metrics
The following table sets forth the number of ending customers:
| As of | ||||||||||
| June 30, | March 31, | June 30, | ||||||||
| (in thousands) | 2015 (1) | 2015 | 2014 | |||||||
| Customers, end of period | ||||||||||
| Branded postpaid phone customers | 27,595 | 26,835 | 23,633 | |||||||
| Branded postpaid mobile broadband customers | 1,723 | 1,475 | 897 | |||||||
| Total branded postpaid customers | 29,318 | 28,310 | 24,530 | |||||||
| Branded prepaid customers | 16,567 | 16,389 | 15,639 | |||||||
| Total branded customers | 45,885 | 44,699 | 40,169 | |||||||
| M2M customers | 4,529 | 4,562 | 4,047 | |||||||
| MVNO customers | 8,494 | 7,575 | 6,329 | |||||||
| Total wholesale customers | 13,023 | 12,137 | 10,376 | |||||||
| Total customers, end of period | 58,908 | 56,836 | 50,545 | |||||||
The following table sets forth the number of net customer additions (losses):
| Three Months Ended | % Change | ||||||||||||||||||
| June 30, | March 31, | June 30, | Qtr/Qtr | Year/Year | |||||||||||||||
| (in thousands) | 2015 (1) | 2015 | 2014 | ||||||||||||||||
| Net customer additions (losses) | |||||||||||||||||||
| Branded postpaid phone customers | 760 | 991 | 579 | (23 | )% | 31 | % | ||||||||||||
| Branded postpaid mobile broadband customers | 248 | 134 | 329 | 85 | % | (25 | )% | ||||||||||||
| Total branded postpaid customers | 1,008 | 1,125 | 908 | (10 | )% | 11 | % | ||||||||||||
| Branded prepaid customers | 178 | 73 | 102 | 144 | % | 75 | % | ||||||||||||
| Total branded customers | 1,186 | 1,198 | 1,010 | (1 | )% | 17 | % | ||||||||||||
| M2M customers | (33 | ) | 141 | 225 | NM | NM | |||||||||||||
| MVNO customers | 919 | 479 | 235 | 92 | % | NM | |||||||||||||
| Total wholesale customers | 886 | 620 | 460 | 43 | % | 93 | % | ||||||||||||
| Total net customer additions | 2,072 | 1,818 | 1,470 | 14 | % | 41 | % | ||||||||||||
| NM - Not meaningful. |
The following table sets forth the churn:
| Three Months Ended | bps change | |||||||||||||||
| June 30, | March 31, | June 30, | Qtr/Qtr | Year/Year | ||||||||||||
2015 (1) | 2015 | 2014 | ||||||||||||||
| Branded postpaid phone churn | 1.32% | 1.30% | 1.48% | +2 bps | -16 bps | |||||||||||
| Branded prepaid churn | 4.93% | 4.62% | 4.50% | +31 bps | +43 bps | |||||||||||
| (1) The Company's customer results for the second quarter of 2015 are preliminary and subject to completion of the Company's quarter-end closing review procedures. Full second quarter results are expected to be reported on July 30, 2015. |
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