T-Mobile (TMUS) Q2 Revenue Tops Views, Updates FY Guidance
T-Mobile (NYSE: TMUS) reported Q2 EPS of $0.42, $0.23 better than the analyst estimate of $0.19. Revenue for the quarter came in at $8.2 billion versus the consensus estimate of $7.94 billion.
$6.1 billion service revenues, up 12% YoY
$1.8 billion Adjusted EBITDA, up 25% YoY and 31% QoQ30% Adjusted EBITDA margin, up from 26% in 2Q14 and 24% in 1Q15
$361 million net income, up from a loss of $63 million in 1Q15
$0.42 earnings per share, strong improvement from loss per share of $(0.09) in 1Q15
4% QoQ improvement in branded postpaid phone ARPU, returns to positive sequential growth2.1 million total net adds – 9th consecutive quarter of over 1 million
1.0 million branded postpaid net adds – 4th consecutive quarter of over 1 million
760,000 branded postpaid phone net adds – expect to capture all of the industry postpaid phone growth
Continued low branded postpaid phone churn of 1.3% – down 16 bps YoY
Raising subscriber outlook for 2015 while maintaining Adjusted EBITDA target:
- Guidance range for branded postpaid net adds increased to 3.4 to 3.9 million
- Maintaining target of $6.8 to $7.2 billion of Adjusted EBITDA
- Maintaining target of $4.4 to $4.7 billion of cash capex
- Financial guidance excludes any impact of JUMP! On Demand
For earnings history and earnings-related data on T-Mobile (TMUS) click here.
