T-Mobile (NASDAQ: TMUS) reported Q3 revenue of $19.62 billion versus the consensus estimate of $20.14 billion.

• Postpaid net additions of 1.3 million, best in industry and raising 2021 guidance
• Postpaid phone net additions of 673 thousand, 2.1 million year-to-date increased 50% year-over-year
• Postpaid account net additions of 268 thousand, best in industry

GUIDANCE:

Raising 2021 Outlook Across the Board for the Third Consecutive Quarter

• Postpaid net customer additions are expected to be between 5.1 million and 5.3 million, an increase from prior guidance of 5.0 million to 5.3 million.
• Core Adjusted EBITDA, which is Adjusted EBITDA less lease revenues, is expected to be between $23.4 billion and $23.5 billion, an increase from prior guidance of $23.0 billion to $23.3 billion.
• Cash purchases of property and equipment, including capitalized interest, are expected to be between $12.1 billion to $12.3 billion, an increase from the prior guidance of $12.0 billion to $12.3 billion.
• Merger-related costs are expected to be between $2.8 billion and $3.0 billion before taxes. These costs are excluded from Core Adjusted EBITDA but will impact Net income, Net cash provided from operating activities and Free Cash Flow.
• Net cash provided by operating activities, including payments for Merger-related costs, is expected to be between $13.9 billion and $14.0 billion, an increase from prior guidance of $13.6 billion to $13.9 billion.
• Free Cash Flow, including payments for Merger-related costs, is expected to be between $5.5 billion and $5.6 billion, an increase from prior guidance of $5.2 billion to $5.5 billion. Free Cash Flow guidance does not assume any material net cash inflows from securitization.

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