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T-Mobile US Inc (NASDAQ:TMUS) reported better-than-expected fourth quarter results as it added more customers and continue to take share from rivals like Verizon Communications Inc. (NYSE:VZ), AT&T Inc. (NYSE:T) and Sprint Corp (NYSE:S) via its promotional offers around the holiday season.
Following is a gist of T-Mobile’s fourth quarter performance:
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- Q4 EPS Up 32% to $0.45 EPS, Tops $0.29 Consensus
- Q4 Revenue Up 23% to $10.18B Versus $9.84B Est.
- Q4 Service Revenues Rises 11% to $7.2B
- Total Q4 Net Additions At 2.1M
- Total Q4 Branded Postpaid Net Additions At 1.2M
- Branded Postpaid Phone Average Revenue per User (ARPU) Up 0.7% To $48.37
- Q4 Branded Postpaid Phone Churn 1.28%, Down 18 Bps From Q4 2015
- Sees 2017 Branded Postpaid Net Additions Of 2.4M to 3.4M
- Sees 2017 Adjusted EBITDA Of $10.4B to $10.8B
- Expects 2017 Capex Of $4.8B to $5.1B
“These results are proof that doing right by customers is also good for shareholders. Not only are customers flocking to T-Mobile, but we’re also producing rock-solid financial results,” John Legere, President and CEO of T-Mobile, said in a press release.
During the fourth quarter, T-Mobile unveiled several promotional offers, including a free iPhone 7 offer with eligible trade-in around Black Friday. As a result, T-Mobile added 933,000 postpaid phone subscribers.
“The competition just doesn’t get that customers want to come first! That’s three years in a row that we’ve added more than 8 million customers and taken all of the postpaid phone growth in the industry. The Un-carrier revolution continues in 2017!”, Legere added.
The strong results of T-Mobile comes as Sprint’s 80 percent plus shareholder SoftBank being “open” to all options, including a deal with T-Mobile, given the prospects of U.S. regulators allowing four operators to consolidate to three.
Shares of T-Mobile closed Monday’s trading at $60.90.
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.