T-Mobile US, Inc. reported first-quarter FY22 revenue growth of 1.8 percent year-on-year to $20.12 billion, beating the consensus of $20.11 billion. EPS of $0.57 beat the consensus of $0.32.
Service revenues of $15.1 billion grew 7 percent Y/Y, including Postpaid service revenue growth of 9 percent.
T-Mobile added 348 thousand postpaid net accounts and 1.3 million postpaid net customer additions. T-Mobile added 589 thousand postpaid phone net customer additions.
T-Mobile added 338 thousand high-speed internet net customers.
Core Adjusted EBITDA of $6.5 billion grew 10 percent Y/Y.
T-Mobile generated $1.65 billion in free cash flow.
2022 OutlookT-Mobile raised the Sprint merger synergies guidance range to $5.2 billion–$5.4 billion, up from the previous $5.0 billion–$5.3 billion.
T-Mobile saw Postpaid net customer additions of 5.3 million–5.8 million, up from the prior 5.0 million–5.5 million.
T-Mobile saw a free cash flow of $7.2 billion–$7.6 billion, up from $7.1 billion–$7.6 billion.