T-Mobile grows subscribers for the first time in four years in Q1 2013, but revenue drops

There’s a lot going on at T-Mobile recently - it unveiled its UNcarrier initiative and rebranding getting rid of two-year contracts, and its merger with MetroPCS got approved. Now, T-Mobile is reporting its financial results for the first quarter of the year, the time just before all of those huge moves happened.

There is a lot of good news - T-Mobile managed to actually add new customers for the first time in four years and churn dropped to its lowest in five years. At the same time, though, revenue dropped due to a general trend of postpaid customers leaving the carrier and getting replaced with prepaid ones.

Here is a quick rundown of T-Mobile’s financial highlights for Q1 2013:

• postpaid net loss of 199 000 customers, still a 61% improvement on the year
• 202 000 new prepaid customers
• 34 million total customers, up 579 000 on the year
• EBITDA amouns to $1.2 billion, down 7.5% on the year

T-Mobile is clearly undergoing a huge transitions, and while these results are not all rosy, growing subscribers s definitely a good start.

source: T-Mobile