T-Mobile US, Inc. (TMUS) Posts Q1 GAAP Loss of 19c/Share

T-Mobile US, Inc. (NYSE: TMUS) reported Q1 EPS of ($0.19), $0.09 worse than the analyst estimate of ($0.10). Revenue for the quarter came in at $6.88 billion versus the consensus estimate of $6.92 billion.

“A year ago I promised that we would bring change to what I called this arrogant US wireless industry. We are delivering on that promise and our results reflect the growing customer revolution that we’ve ignited,” said John Legere, President and CEO of T-Mobile. “We are now approaching 50 million customers, added 2.4 million net new customers in the first quarter alone, and posted our fourth quarter of consecutive service revenue growth, while once again adding more net new postpaid customers than the rest of the industry combined!”

Highlights:

• Total net additions of 2.4 million, marking the first quarter ever with more than 2 million net additions
• Fourth consecutive quarter with over 1 million total net additions, now the fastest growing wireless company
• Total branded net additions of 1.8 million including branded postpaid net additions of over 1.3 million
• Total branded prepaid customer growth with 465,000 net additions
• Record low branded postpaid churn of 1.5%, down 20 basis points sequentially and down 40 basis points YoY
• Fourth consecutive quarter of pro forma sequential service revenue growth and a return to service revenue growth YoY on a pro forma combined basis
• Adjusted EBITDA of $1.1 billion, down 12.2% sequentially due to the impact of significant acceleration in customer growth
• Branded postpaid ARPU of $50.01, down 1.4% sequentially compared to a 2.9% decline in the prior quarter

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

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