T-Mobile Boasts 850K New Postpaid Mobile Customers in Q3, Adjusted Free Cash Flow Soars 94% YoY
Portfolio Pulse from Anusuya Lahiri
T-Mobile US, Inc (NASDAQ:TMUS) reported Q3 profits that beat estimates due to better-than-expected mobile customer gains. The company added 850,000 postpaid mobile phone customers in the quarter, beating analysts’ estimates of 780,400. However, total net customer additions of 1.3 million decreased 427 thousand Y/Y. The company reported Q3 revenue of $19.25 billion, missing the consensus of $19.32 billion. Adjusted free cash flow of $4.0 billion increased 94% Y/Y. T-Mobile expects postpaid net customer additions of 5.7 million - 5.9 million and adjusted free cash flow of $13.4 billion - $13.6 billion.
October 25, 2023 | 12:40 pm
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T-Mobile's Q3 profits beat estimates due to better-than-expected mobile customer gains. However, total net customer additions decreased Y/Y and revenue missed consensus. Adjusted free cash flow increased 94% Y/Y.
T-Mobile's Q3 profits beat estimates due to better-than-expected mobile customer gains, which is positive for the stock. However, the decrease in total net customer additions Y/Y and the missed revenue consensus could be a concern for investors. The significant increase in adjusted free cash flow is a positive sign for the company's financial health.
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IMPORTANCE 80
RELEVANCE 100