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Mar 31, 2024
T-Mobile Q1 2024 Earnings Report
T-Mobile's Q1 2024 performance showcased industry-leading customer, service revenue, and profitability growth, with raised 2024 guidance.
Key Takeaways
T-Mobile reported industry-leading customer growth, translating into growth in service revenues and profitability. The company surpassed 5 million High Speed Internet customers and returned $4.3 billion to stockholders.
Postpaid net customer additions reached 1.2 million, leading the industry.
Postpaid phone net customer additions were 532 thousand, achieving a higher share of industry net adds year-over-year.
Service revenues grew by 4% year-over-year to $16.1 billion, marking industry-leading growth.
Net income increased by 22% year-over-year to $2.4 billion, demonstrating industry-leading growth.
Revenue by Segment
Forward Guidance
T-Mobile raised its full-year guidance for postpaid net customer additions, Core Adjusted EBITDA, Net cash provided by operating activities and Adjusted Free Cash Flow.
Positive Outlook
- Postpaid net customer additions are expected to be between 5.2 million and 5.6 million, an increase from prior guidance of 5.0 million to 5.5 million.
- Core Adjusted EBITDA is expected to be between $31.4 billion and $31.9 billion, an increase from prior guidance of $31.3 billion to $31.9 billion.
- Net cash provided by operating activities is expected to be between $21.6 billion and $22.3 billion, an increase from prior guidance of $21.5 billion to $22.3 billion.
- Adjusted Free Cash Flow is expected to be between $16.4 billion and $16.9 billion, an increase from prior guidance of $16.3 billion to $16.9 billion.
- Capital expenditures are expected to be between $8.6 billion and $9.4 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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