T-Mobile (TMUS) Tops Q4 EPS by 7c; 2.1M Net Adds
T-Mobile (NYSE: TMUS) reported Q4 EPS of $0.12, $0.07 better than the analyst estimate of $0.05. Adjusted EBITDA for the fourth quarter of 2014 was $1.751 billion, up 41.3% year-over-year and 30.1% sequentially.
Subscriber highlights:
- 2.1 million total net adds in 4Q14 – 8.3 million in 2014
- 1.3 million branded postpaid net adds in 4Q14 – 4.9 million in 2014
- 1.0 million branded postpaid phone net adds in 4Q14 – 4.0 million in 2014
- T-Mobile captured nearly 80% of industry postpaid phone growth in 4Q14 – nearly 100% in 2014
“2014 was the best year of growth in company history,” said John Legere, President and CEO of T-Mobile. “Our Un-carrier moves helped us blow away the competition. The best is yet to come as the future looks bright in 2015.”
2015 Outlook Guidance
T-Mobile expects to drive further customer momentum while delivering strong growth in Adjusted EBITDA. With the success of its Simple Choice plan and the continued evolution of the Un-carrier strategy, branded postpaid net customer additions for 2015 are expected to be between 2.2 and 3.2 million.
For full-year 2015, T-Mobile expects Adjusted EBITDA to be in the range of $6.8 to $7.2 billion. Adjusted EBITDA in the first quarter of 2015 is expected to be significantly impacted by a large investment to front end customer growth in 2015, similar to what the Company did in 2014. In addition, the first quarter of 2015 will reflect the accounting treatment of Un-carrier 8.0: Data Stash, which is expected to have a non-cash impact in the range of $100 million to $150 million. The accounting treatment of the initial 10 GB allotment, which is a revenue deferral, is expected to fully reverse itself during 2015.
Cash capital expenditures for 2015 are expected to be in the range of $4.4 to $4.7 billion.
For earnings history and earnings-related data on T-Mobile (TMUS) click here.
