T-Mobile Reports Strong Q3 Results: Service Revenues Grew 5% YOY, FCF Grew 29%, Raised FY24 Guidance
Portfolio Pulse from Erica Kollmann
T-Mobile US Inc (NASDAQ:TMUS) reported strong Q3 results, with earnings and revenue surpassing analyst expectations. Service revenues grew 5% year-over-year, and free cash flow increased by 29%. The company raised its 2024 guidance, expecting significant postpaid net customer additions and increased EBITDA.
October 23, 2024 | 8:32 pm
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T-Mobile reported better-than-expected Q3 earnings and revenue, with significant growth in service revenues and free cash flow. The company raised its 2024 guidance, indicating strong future performance expectations.
T-Mobile's Q3 results exceeded expectations, with strong growth in key financial metrics. The raised guidance for 2024 suggests confidence in continued performance, likely boosting investor sentiment and stock price in the short term.
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