earnings
confidence high
sentiment positive
materiality 0.85
T-Mobile Q3 beats on customer growth, raises guidance, authorizes $14B buyback
T-Mobile US, Inc.
2022-Q3 EPS reported
$0.88
revenue$59,298,000,000
- Postpaid phone net adds 854k (highest since merger); phone churn 0.88% improved YoY; broadband net adds 578k.
- Service revenues $15.4B (+4% YoY); Core Adj. EBITDA $6.7B (+11% YoY); Free Cash Flow $2.1B (+32% YoY).
- Net income $508M ($0.40 EPS) down due to $1.8B net merger/wireline sale costs; guidance raised for 3rd time in 2022.
- Board authorized $14B share repurchase program through Sep 2023; repurchased $669M in Q3.
- Ultra Capacity 5G covers 250M people; merger synergies raised to $5.7-5.8B; full investment grade ratings.