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T-Mobile blows away Wall Street with its Q2 results

Posted: , by Alan F.

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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.

"We just delivered a quarter with record service revenue, record-low churn, strong net income and record Adjusted EBITDA - all while leading the industry in postpaid phone growth. On top of that, our network just keeps getting better and faster while the Duopoly's networks seem to be choking after we forced them to go unlimited. Make no mistake about it, the Un-carrier will not stop forcing change in this industry and our Q2 results are more proof that consumers are responding!"-John Legere, president and CEO, T-Mobile

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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posted on 20 Jul 2017, 10:05 1

1. cleatglitch (Posts: 127; Member since: 25 May 2013)

t-mobile is kicking butt and taking numbers

posted on 20 Jul 2017, 10:11

2. Nexus4lifes (Posts: 208; Member since: 13 Feb 2014)

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

posted on 20 Jul 2017, 10:16 1

3. cleatglitch (Posts: 127; Member since: 25 May 2013)

wit two bars i get 22.06mbps

posted on 21 Jul 2017, 21:48

14. andynaija (Posts: 982; Member since: 08 Sep 2012)

Reception =/= Speed

posted on 20 Jul 2017, 11:11 1

4. PhoneCritic (Posts: 923; Member since: 05 Oct 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.

posted on 20 Jul 2017, 11:16

5. TheOracle1 (Posts: 461; Member since: 04 May 2015)

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

posted on 20 Jul 2017, 11:49

8. djcody (Posts: 146; Member since: 17 Apr 2013)

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

posted on 20 Jul 2017, 11:16

6. trojan_horse (Posts: 4928; Member since: 06 May 2016)

Verizon is now feeling the heat.

posted on 20 Jul 2017, 11:48

7. TeriusRose (Posts: 39; Member since: 12 May 2017)

Depends on how you measure that.

posted on 20 Jul 2017, 12:01 1

9. apple-rulz (Posts: 328; Member since: 27 Dec 2016)

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

posted on 20 Jul 2017, 12:57

10. omnitech (Posts: 900; Member since: 28 Sep 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.

posted on 20 Jul 2017, 16:09 1

13. talon95 (Posts: 753; Member since: 31 Jul 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.

posted on 20 Jul 2017, 12:59

11. southernzombie (Posts: 146; Member since: 17 Jan 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.

posted on 20 Jul 2017, 13:34

12. Mr.Pussy (Posts: 137; Member since: 16 Feb 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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