T-Mobile ended Q2 2019 with 83.1 million total
customers.
Accelerated Customer Growth
- 1.8 million total net additions in Q2 2019, up 11% YoY
- 1.1 million branded postpaid net additions in Q2 2019, up 9% YoY, expected to be best in the industry
- 710,000 branded postpaid phone net additions in Q2 2019, up 3% YoY, expected to be best in the industry
- 131,000 branded prepaid net additions in Q2 2019, up 44% YoY
- All-time record-low branded postpaid phone churn of 0.78% in Q2 2019, down 17 bps YoY
Record Q2 Financial Performance (all percentages year-over-year)
- Record Service revenues of $8.4 billion, up 6% in Q2 2019 with Branded postpaid service revenues up 9%
- Record Q2 Total revenues of $11.0 billion, up 4% in Q2 2019
- Record Q2 Net income of $939 million, up 20% in Q2 2019
- Record Q2 Diluted earnings per share (“EPS”) of $1.09, up 18% in Q2 2019
- Record Adjusted EBITDA(1) of $3.5 billion, up 7% in Q2 2019
- Record Q2 Net cash provided by operating activities of $2.1 billion, up 70% in Q2 2019
- Record Q2 Free Cash Flow(1) of $1.2 billion, up 51% in Q2 2019
Network rollout
- On track to launch the first nationwide 5G network available next year; 99% of Americans now covered with 4G LTE
- Aggressive deployment of 600 MHz using 5G-ready equipment; 4G LTE on 600 MHz now covering 156 million people and 1.2 million square miles
- 5G millimeter wave (mmWave) network introduced in 6 cities including New York and Los Angeles
- Successful participation in mmWave auctions; average nationwide mmWave spectrum position more than quadrupled
https://investor.t-mobile.com/investors/financial-performance/quarterly-results/default.aspx