T-Mobile US Says It Sees Strong Outlook For FY24; Core Adjusted EBITDA Is Expected To Grow ~9% At The Mid-Point
Portfolio Pulse from Benzinga Newsdesk
T-Mobile US, Inc. (NASDAQ:TMUS) reported strong fourth quarter and full-year 2023 results, with significant growth in service revenues, profitability, and cash flow. The company expects a positive outlook for FY24, with core adjusted EBITDA projected to grow by approximately 9% at the mid-point. Operating cash flow and adjusted free cash flow are also expected to increase by about 18% and 22% respectively. T-Mobile completed its merger integration and achieved the highest postpaid phone gross additions and the lowest annual churn rate in its history.
January 25, 2024 | 9:02 pm
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POSITIVE IMPACT
T-Mobile US, Inc. (TMUS) delivered strong performance in 2023 and anticipates continued growth in FY24 with a 9% increase in core adjusted EBITDA. The company's successful merger integration and record customer growth contribute to a positive outlook.
The positive financial results and strong outlook for FY24 reported by T-Mobile are likely to instill investor confidence and could lead to a short-term increase in the stock price. The company's record performance and successful merger integration are key drivers of this positive sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100