T-Mobile has revealed its Q1 2022 earnings. And once again, the Un-carrier has been able to beat expectations. Of course, this is all thanks to its merger with Sprint a couple of years ago.
Today, the Un-carrier shared some of the important numbers from Q1 2022:
348K Postpaid Net Account Adds – best in the industry and a record for Q1!
1.3M Postpaid Net Customer Adds – best in the industry, and the highest Q1 for TMUS in 8 years
589K Postpaid Phone Net Adds – best churn improvement in the industry
338K High-Speed Internet Net Adds – best in industry, record high, >1M customers one year from launch
Service Revenues: $15.1B +7% year-over-year; postpaid Service Revenues of $11.2B +9% YoY
Net Income: $713M
Adj. EBITDA: $7.0B grew YoY
Core Adj. EBITDA: $6.5B grew 10% YoY and raising guidance
Free Cash Flow: $1.6B, grew > 26% YoY, best growth in industry and raising guidance
Apart from its earnings, T-Mobile revealed its plans for the future and what it is currently focused on:
Merger Synergies: Plans to finish moving all Sprint customers to T-Mobile network over next few months
Small Towns & Rural Areas: Growing share through network & distribution – 40% YoY new account growth
Magenta Brand: Continues to resonate with customers for leading network and value, fueled by prime market
T-Mobile for Business: Gaining mindshare among businesses, building foundation for advanced 5G services