T-Mobile (TMUS) Misses Q3 EPS/Revs But Adds 2.3M Net New Customers

T-Mobile (NYSE: TMUS) reported Q3 EPS of ($0.12), versus the analyst estimate of $0.02. Revenue for the quarter came in at $7.35 billion versus the consensus estimate of $7.42 billion.

T-Mobile reported 2.3 million total net customer additions with 1.8 million total branded net customer additions for the quarter, including branded postpaid net additions of 1.4 million and branded prepaid net additions of 411,000. The strong branded postpaid net addition performance resulted from continued momentum in phone gross additions, which were up 46% year-over-year.

“Despite our competitors’ best efforts, the Un-carrier revolution made huge advances in the third quarter with record net new customers,” said John Legere, President and CEO of T-Mobile. “More proof of the resurgent strength of our brand and the massive momentum behind the Un-carrier consumer movement.”

Guidance range for branded postpaid net adds was increased significantly to 4.3 to 4.7 million. Guidance range for Adjusted EBITDA remains unchanged at $5.6 to $5.8 billion

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

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