BELLEVUE, Wash.--(BUSINESS WIRE)--T-Mobile US, Inc. (NASDAQ: TMUS):

Industry-Leading Growth in Postpaid and Broadband Customers(1)

  • Postpaid net account additions of 394 thousand, best in industry and highest in company history
  • Postpaid net customer additions of 1.6 million, more than AT&T and Verizon combined
  • Postpaid phone net customer additions of 854 thousand, best in industry and highest since merger
  • Postpaid phone churn of 0.88%, only operator to improve year-over-year
  • High Speed Internet net customer additions of 578 thousand, best in industry for fourth consecutive quarter

Strong Financial Results Drive Guidance Raise for the Third Consecutive Quarter in 2022

  • Service revenues of $15.4 billion grew 4% year-over-year, including industry-leading Postpaid service revenue growth of 7%
  • Net income of $508 million and diluted earnings per share (“EPS”) of $0.40 decreased year-over-year primarily due to merger-related costs and loss related to the anticipated sale of the wireline business amounting to a combined impact of $1.8 billion, net of tax, or $1.41 per share
  • Core Adjusted EBITDA(2) of $6.7 billion grew 11% year-over-year, best growth in industry and raising guidance
  • Net cash provided by operating activities of $4.4 billion grew 26% year-over-year, best growth in industry and raising guidance
  • Free Cash Flow(2) of $2.1 billion grew 32% year-over-year, best growth in industry and raising guidance
  • Repurchased 4.9 million shares of common stock in the quarter for a total purchase price of $669 million

5G Network Delivers Differentiated Customer Experience and Drives Overall Network Leadership

  • Further extended network leadership as the nation’s largest, fastest, most reliable and most awarded 5G network
  • Ultra Capacity 5G covers 250 million people, as many as Verizon plans to cover more than two years from now

Significant Integration Milestone Accomplished with Network Decommissioning Substantially Complete

  • Raising merger synergies guidance range to $5.7 billion to $5.8 billion in 2022

T-Mobile US, Inc. (NASDAQ: TMUS) reported third quarter 2022 results today, leading the industry in postpaid and broadband customer growth and raising 2022 guidance for the third consecutive quarter. The company’s differentiated growth strategy and industry-best year-over-year postpaid phone churn improvement drove the highest postpaid service revenue and cash flow growth in the industry. The company’s sustained performance and significant progress on integration allowed T-Mobile to receive full investment grade ratings from all three rating agencies and board approval to commence a share repurchase program for up to $14 billion of the company’s common stock through September 2023.