T-Mobile blows away Wall Street with its Q2 results

T-Mobile blows away Wall Street with its Q2 results
After the market closed on Wednesday, T-Mobile released its Q2 results and they were one for the record books. Instead of the 807,000 net additions expected by Wall Street analysts, T-Mobile said that 1.33 million new customers were added to its books during the three month period. The nation's third largest carrier also reported a record low postpaid churn of 1.10% which is down 17 points year-over-year. On a sequential basis, the drop in churn amounted to 8 points quarter to quarter.

T-Mobile is kicking butt and taking numbers. Phone numbers, that is. The 786,000 names being added to the carrier's list of postpaid phone subscribers will represent 100% of the category's growth for the entire industry. That is absolutely amazing. In addition, T-Mobile is expected to lead the industry in growth for the 16th time in the last 17 quarters with its reported $10.2 billion in revenues. That is up 10% for the year. Net income of $581 million is up 158% year-over-year. Diluted earnings per share of 67 cents show a gain of 168% over last year's number.

At the end of the quarter, 315 million Americans were covered by T-Mobile's signal. That could hit 321 million by the end of the year. T-Mobile has also completed its deployment of low frequency 700MHz spectrum, which now covers 271 million people in 575 markets. It expects to have its 600MHz spectrum up and running in certain areas as soon as this August. This low frequency spectrum travels farther and penetrates buildings better than high-range airwaves. T-Mobile won 45% of the 600MHz spectrum auctioned off by the FCC earlier this year.


So far in 2017, the carrier has added 1,000 new T-Mobile and 1,100 MetroPCS locations with a combined target of 3,000 planned for this year.

source: T-Mobile

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14 Comments

1. cleatglitch

Posts: 165; Member since: May 25, 2013

t-mobileĀ is kicking butt and taking numbers

2. Nexus4lifes

Posts: 298; Member since: Feb 13, 2014

" which now covers 271 million people in 575 million markets." wow each person has more than 2 markets :)

3. cleatglitch

Posts: 165; Member since: May 25, 2013

wit two bars i get 22.06mbps

14. andynaija

Posts: 1262; Member since: Sep 08, 2012

Reception =/= Speed

4. PhoneCritic

Posts: 1354; Member since: Oct 05, 2011

well a good job by T-Mobile- I like there CEO's and how he is shaking up the industry. But heres one thing I really like to see. I want all carriers to understand that they are nothing but fat pipes and that I don't want their navigation app or their backup app none of their bloatware I just want to pay for a certain amount of cellular bandwidth, I, want a dumb pipe so far only T-Mobile is close to this,. AT&T and Verizon want to nickel and dime you for redundant services that Goggle and Apple already give you for free. I like to have my device set they way I want and to be able to update it without the carrier getting in the way.

5. TheOracle1

Posts: 2340; Member since: May 04, 2015

Then buy an unlocked phone and activate it on T-Mobile.

8. djcody

Posts: 228; Member since: Apr 17, 2013

Why don't you buy unlocked phone so you can skip carrier bulcrap

6. trojan_horse

Posts: 5868; Member since: May 06, 2016

Verizon is now feeling the heat.

7. TeriusRose

Posts: 108; Member since: May 12, 2017

Depends on how you measure that.

9. apple-rulz

Posts: 2198; Member since: Dec 27, 2016

I want those b@stards at AT&T (my carrier) to feel the searing heat!

10. omnitech

Posts: 1131; Member since: Sep 28, 2016

Uncarrier is slowly but surely working. Now we need someone to put their foot down and do an unapple. Samsung is the only one that can do it but are they willing to foot the bill for a $300 GS9 where they lose money? Maybe Google and Microsoft should fund this $300 GS9 just to stop Apple from being worse than Verizon and AT&T ever will be.

13. talon95

Posts: 1000; Member since: Jul 31, 2012

No need to kill Apple. They only have a tiny sliver of market share. If you're on Android then you should value some competition. With Microsoft gone we really can't afford to lose Apple. I'm not going to be the one to buy Apple products, but it doesn't mean I don't believe they should be on the market. In addition, a $300 GS9 wouldn't kill Apple, it would kill off Android manufacturers, and we need as many of those as possible as well. Just enjoy the variety and buy what works for you.

11. southernzombie

Posts: 357; Member since: Jan 17, 2017

All of that is great for T-Mobile but until they offer the same coverage as AT&T and Verizon (Verizon especially) none of it really matters all that much for a good portion of consumers. They have great deals, but there is no way on Earth I would switch to T-Mobile because they have practically no coverage where I live. Granted, I don't live in a major metro area but I don't live way out in a rural area either. Their coverage map shows excellent coverage for my area, but any T-mobile subscriber in my area will tell you that it is definitely not a great option same with Sprint.

12. Mr.Pussy

Posts: 348; Member since: Feb 16, 2017

Great jobs T-Mobile. Verizon and AT&T are greedy suck A$$. I am with AT&T right now. Hopefully I can make the switch soon.

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