Financial Data and Key Metrics Changes - Postpaid service revenues grew 9% year over year, an acceleration from Q1, while total service revenues grew 6%, significantly outpacing closest competitors [18] - Adjusted free cash flow reached $4.6 billion, setting a new Q2 record, with an industry-leading adjusted free cash flow conversion from service revenues of 26% [18] - Core adjusted EBITDA growth was 6% year over year, with full-year expectations for core adjusted EBITDA set between $33.3 billion and $33.7 billion [23][24] Business Line Data and Key Metrics Changes - The business group led the industry in net additions, with postpaid account nets accelerating year over year [6] - The company achieved its highest ever business 5G broadband net additions, continuing to lead the overall broadband industry in net additions for the fourteenth consecutive quarter [13] - ARPA (Average Revenue Per Account) grew over 5%, marking the highest growth in eight years, with customers increasingly selecting premium rate plans [6][17] Market Data and Key Metrics Changes - The company surpassed 20% share of households in smaller markets and rural areas, achieving its goal set for 2025 [108] - The competitive environment remains dynamic, with the company benefiting from increased customer speeds and lower costs in real terms over the past few years [35] - The company is focused on expanding its network in smaller markets and rural areas, with plans to increase site coverage significantly through acquisitions and new builds [12][88] Company Strategy and Development Direction - The company announced a multiyear partnership with Cable to enhance mobile service offerings to small and mid-market businesses, aiming for incremental growth in an area with previously low exposure [7] - The strategy emphasizes maintaining a competitive edge through network leadership and customer experience, with ongoing investments in infrastructure and technology [9][10] - The company is committed to digital transformation, with significant progress in customer engagement through its app, which has over 75 million installs [15][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate a competitive environment, highlighting the unique value proposition of best network, best value, and best experiences [19] - The company anticipates continued strong growth in service revenues and customer additions, with expectations for postpaid net additions raised to between 6.1 million and 6.4 million for the year [22] - Management noted the potential for significant growth in the broadband sector, particularly through fiber investments and partnerships [97] Other Important Information - The company is set to close the acquisition of MetroNet, which is expected to enhance its fiber capabilities and customer base [25][99] - A recent agreement to divest its 800 megahertz licenses is anticipated to generate approximately $2.9 billion in cash, with additional potential upside [27] - The company expects a $1.5 billion benefit to cash taxes in 2026 from recent legislation, which will be allocated thoughtfully [26] Q&A Session Summary Question: What is the outlook for churn in the second half and the competitive environment? - Management indicated that while churn increased in Q2 due to rate plan optimizations, they expect it to decrease in Q3 and remain flat to slightly up year over year [36][37] Question: Can you provide more details on fiber growth and potential inorganic opportunities? - Management confirmed that the fiber business is expected to add 100,000 net additions this year, with ongoing evaluations for inorganic growth opportunities [39][40] Question: How does the company plan to improve network perception among prospective customers? - Management acknowledged that while current customers recognize the network's quality, efforts will focus on advertising and customer experience to enhance perception among prospective customers [62][66] Question: What is the current market share in rural areas and future expectations? - Management reported surpassing 20% market share in rural areas and expressed optimism for further growth, especially with the integration of U.S. Cellular assets [108][112] Question: How will the $1.5 billion tax benefit be utilized? - Management stated that the capital will be deployed thoughtfully, considering various options such as M&A, buybacks, or network investments [106]

Financial Performance - T-Mobile exceeded expectations for both revenue and earnings [1] - The company raised its full-year customer and financial guidance [1] - T-Mobile achieved an all-time record Q2 for post-paid net additions and post-paid phone net additions [2] Strategic Initiatives & Partnerships - T-Mobile's guidance reflects the inclusion of Metronet [3] - T-Mobile has partnered with Comcast and Charter to provide wireless services to small and medium business customers starting in 2026 [4][5] - The partnership with cable companies is expected to be highly incremental [6] - T-Mobile's primary focus remains on the smallest businesses, where it already competes with cable [6] Customer Base & Churn - T-Mobile saw a healthy prepaid business, net of migration from prepaid to postpaid [7] - T-Mobile customers are the best paying in the industry, with the lowest post-paid bad debt as a percentage of total revenues among major competitors [8] Leadership & Succession - T-Mobile recruited Serini Gopalin as part of its long-term succession plan [9]

Core Insights - T-Mobile US experienced growth in wireless and internet subscribers in the second quarter, surpassing Wall Street expectations and outperforming competitors [1] - The company reported an addition of 830,000 net postpaid wireless phone connections, representing a nearly 7% year-over-year increase, exceeding analyst expectations of 704,500 net additions [2] Financial Performance - T-Mobile's net postpaid wireless phone connections increased by 830,000 in Q2, which is a significant growth compared to the previous year [2] - The company has raised its guidance for the full year, indicating a positive outlook for future performance [1]

Financial Performance - T-Mobile reported quarterly earnings of $2.84 per share, exceeding the analyst consensus estimate of $2.68 [1] - Quarterly revenue reached $21.13 billion, surpassing the Street estimate of $20.98 billion and increasing from $19.77 billion in the same period last year [1] Customer Growth - T-Mobile achieved postpaid net customer additions of 1.7 million and postpaid phone net customer additions of 830,000 [5] - The company reported postpaid net account additions of 318,000, representing a 6% year-over-year increase, the best in the industry [5] - 5G broadband net customer additions were 454,000, up 12% year-over-year [5] Service Revenue - Service revenues totaled $17.4 billion, growing 6% year-over-year [5] - Postpaid service revenues amounted to $14.1 billion, reflecting a 9% year-over-year increase [5] Future Outlook - T-Mobile revised its fiscal 2025 postpaid net customer additions guidance to between 6.1 million and 6.4 million, up from the previous estimate of 5.5 million to 6 million [4] - The updated guidance includes 2.95 million to 3.1 million postpaid phone net customer additions and approximately 100,000 fiber net customer additions [4] Market Reaction - Following the earnings report, T-Mobile's stock rose by 5.16% to $246 in extended trading [4]

Customer Metrics - Total postpaid customers reached 107284 thousand in Q2 2025[23] - Postpaid net customer additions were 1732 thousand in Q2 2025[23] - Postpaid phone net customer additions were 830 thousand in Q2 2025[23] - Postpaid other net customer additions were 902 thousand in Q2 2025[23] - Prepaid customers reached 25494 thousand in Q2 2025[34] - Prepaid net customer additions were 39 thousand in Q2 2025[34] - Postpaid phone churn decreased slightly to 090% in Q2 2025[29] - Total 5G broadband customers reached 7308 thousand in Q2 2025[37] Financial Metrics - Service revenues increased 6% year-over-year to $17438 million in Q2 2025[41,42] - Postpaid service revenues increased 9% year-over-year to $14078 million in Q2 2025[43,44] - Equipment revenues increased 11% year-over-year to $3439 million in Q2 2025[47,49] - Net income was $3222 million in Q2 2025[68] - Diluted earnings per share was $284 in Q2 2025[70] - Core Adjusted EBITDA increased 6% year-over-year to $8541 million in Q2 2025[74,76] - Net cash provided by operating activities increased 27% year-over-year to $6992 million in Q2 2025[77,78] - Adjusted Free Cash Flow increased 4% year-over-year to $4596 million in Q2 2025[87,89] Capital Allocation - During Q2 2025, 101 million shares were repurchased for approximately $25 billion[97] - During Q2 2025, the company paid a cash dividend of $088 per share of common stock, or approximately $996 million[97] Guidance - The company revised its 2025 guidance for postpaid net customer additions to 61 to 64 million, an increase of 500 thousand at the midpoint[99] - The company revised its 2025 guidance for Core Adjusted EBITDA to $333 to $337 billion, an increase of $50 million at the midpoint[99] - The company revised its 2025 guidance for Net cash provided by operating activities to $271 to $275 billion, an increase of $50 million at the midpoint[99] - The company revised its 2025 guidance for Adjusted Free Cash Flow to $176 to $180 billion, an increase of $50 million at the midpoint[99]

Subscriber Growth - T-Mobile, the nation's second-largest wireless provider, reported more new subscribers than analysts were expecting in the second quarter [1] - The subscriber growth overcame a sluggish start to the year [1]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Commission File Number: 1-33409 T-MOBILE US, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Delaware 20-0836269 12920 SE 38th Street Bellevue, Washington (Address of principal executive offices) 98006-1350 (Zip Code) (425) 378-4000 (Registrant's telephone number, including area code) Securities reg ...

EXHIBIT 99.2 | 3 | Highlights | | --- | --- | | 4 | Customer Metrics | | 7 | Financial Metrics | | 13 | Capital Structure | | 14 | Guidance | | 15 | Contacts | | 16 | Financial and Operational Tables | https://files.reportify.cc/media/production/TMUS6f3eaf84487d4b9b096245380523bbhttps://files.reportify.cc/media/productio 2 (1) AT&T Inc. does not disclose postpaid net account additions. Comcast and Charter do not disclose postpaid phone net customer additions. Industry-leading claims are based on consensus e ...

分组1 - T-Mobile US is expected to report earnings on July 23, 2025, with revenue projected to increase by approximately 6% year-over-year to $21 billion and earnings per share anticipated to rise slightly to $2.69 [2] - The growth is likely driven by postpaid phone additions and the expansion of its high-speed wireless broadband business, supported by the company's 5G network, which currently reaches over 330 million people in the U.S. [2] - In Q1, T-Mobile reported 495,000 new postpaid phone net additions, a decline of 37,000 compared to the same period last year, indicating increased competition from AT&T and Verizon [2] 分组2 - T-Mobile has a current market capitalization of $259 billion, with revenue for the past twelve months at $83 billion, operating profits of $19 billion, and a net income of $12 billion [3] - Historical data shows that T-Mobile has had 20 earnings data points over the last five years, with 13 positive and 7 negative one-day returns, resulting in a positive return approximately 65% of the time [4] - The median of the 13 positive returns is 5.3%, while the median of the 7 negative returns is -0.4% [4]

Core Insights - T-Mobile, US, Inc. (TMUS) is expected to report second-quarter 2025 results on July 23, with a history of earnings surprises of 10.89% over the last four quarters and 5.31% in the last quarter [1][2] Revenue and Growth Expectations - T-Mobile is anticipated to experience year-over-year revenue growth, driven by strong postpaid service performance and a focus on expanding its 5G portfolio [2][11] - Total service revenues are estimated at $17.08 billion, reflecting a 4% year-over-year increase, while equipment revenues are projected at $3.36 billion, indicating an 8.3% rise [12] Network and Service Developments - The company has made significant investments in network infrastructure, including a $2 billion multi-year network expansion in Florida, enhancing 5G speeds and coverage for 22 million residents [6][11] - T-Mobile launched new Fiber Home Internet service plans, including Fiber 500, Fiber 1G, and Fiber 2G, featuring unlimited data and price guarantees [4][11] - The introduction of new prepaid plans with unlimited talk and text and a 5-year price guarantee is expected to attract more customers [5][11] Strategic Acquisitions - T-Mobile's acquisition of Lumos, a fiber-to-the-home Internet provider, aligns with its strategy to reach 12-15 million households by 2030 and complements its 5G Home Internet offerings [8][9] Market Position and Competitive Landscape - T-Mobile maintains a leadership position in the 5G market, focusing on enhancing connectivity and coverage nationwide [3] - Major events leveraging T-Mobile's 5G technology have highlighted the growing demand for its services, which is expected to positively impact second-quarter earnings [7]