T-Mobile US, Inc. reported first-quarter FY22 revenue growth of 1.8 percent year-on-year to $20.12 billion, beating the consensus of $20.11 billion. EPS of $0.57 beat the consensus of $0.32.
Service revenues of $15.1 billion grew 7 percent Y/Y, including Postpaid service revenue growth of 9 percent.
T-Mobile added 348 thousand postpaid net accounts and 1.3 million postpaid net customer additions. T-Mobile added 589 thousand postpaid phone net customer additions.
T-Mobile added 338 thousand high-speed internet net customers.
Core Adjusted EBITDA of $6.5 billion grew 10 percent Y/Y.
T-Mobile generated $1.65 billion in free cash flow.
CEO Mike Sievert said, “T-Mobile continues to be the growth leader in this industry, with another beat and raise quarter that delivered front-of-the-pack postpaid, new account, and broadband customer results.”
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