For the quarter ended March 2024, T-Mobile (TMUS) reported revenue of $19.59 billion, down 0.2% over the same period last year. EPS came in at $2.00, compared to $1.58 in the year-ago quarter.The reported revenue represents a surprise of -0.22% over the Zacks Consensus Estimate of $19.64 billion. With the consensus EPS estimate being $1.83, the EPS surprise was +9.29%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

Financial Data and Key Metrics - The company reported strong Q1 2024 results, with postpaid phone net adds in line with Q1 2023, while industry net adds were lower by a double-digit percentage [6] - Postpaid phone gross adds increased year-over-year for the fourth consecutive quarter, even as industry gross adds declined [7] - The company achieved its best-ever Q1 postpaid phone churn rate, indicating strong customer retention [7] - Core adjusted EBITDA is expected to grow by 9% year-over-year, reaching between $31.4 billion and $31.9 billion [16] - Adjusted free cash flow is projected to be between $16.4 billion and $16.9 billion, up 23% year-over-year [17] Business Line Performance - The company added 405,000 home broadband customers in Q1, representing a higher share of industry broadband net adds compared to the previous year [9] - T-Mobile now serves over 5 million High-Speed Internet customers, with plans to enhance value through new rate plans for home mesh networks and on-the-go usage [9] - The company announced a joint venture with EQT to acquire Lumos, targeting 3.5 million homes passed by 2028, with T-Mobile investing approximately $950 million initially and an additional $500 million between 2027 and 2028 [10][11] Market Performance - T-Mobile continues to take market share in wireless and broadband, with postpaid phone net adds outperforming the industry [6][9] - The company's 5G network is a key differentiator, with 75% of postpaid phone customers already using 5G smartphones [7] - The company expects to close the acquisition of Mint and Ultra Mobile on May 1, further expanding its presence in the value segment [12] Strategic Direction and Industry Competition - T-Mobile's strategy focuses on maintaining its position as the value leader in the market while exploring opportunities for growth in broadband and fiber partnerships [10][11] - The company is leveraging its 5G network leadership to drive growth in both consumer and enterprise markets, with a focus on advanced 5G capabilities like network slicing [33] - The joint venture with EQT and Lumos is part of a capital-light model to expand broadband services without significant balance sheet impact [11] Management Commentary on Operating Environment and Future Outlook - Management expressed confidence in the company's growth trajectory, citing consistent performance and strong customer loyalty [13] - The company plans to host a Capital Markets Day in the fall to discuss long-term opportunities and value creation strategies [14] - Management highlighted the potential for further growth in broadband and fiber, with a focus on capital-efficient investments [11][38] Other Important Information - The company received regulatory approval to acquire Mint and Ultra Mobile, with the transaction expected to close on May 1 [12] - T-Mobile's adjusted free cash flow margins are multiple percentage points higher than its peers, driven by margin expansion and capital efficiency [17] - The company is exploring ways to extend its fixed wireless broadband strategy beyond the initial 7-8 million customer target [36] Q&A Session Summary Question: Pricing Actions and Competitive Landscape [21] - The company is considering pricing actions, particularly for older rate plans, but remains committed to its value leadership strategy [22] - The competitive environment remains intense, with T-Mobile focusing on underpenetrated markets and unique growth vectors [24] Question: Lumos Transaction and Broadband Growth [28] - The Lumos transaction is part of a broader strategy to expand broadband services through capital-light partnerships [38] - The company sees significant growth potential in fixed wireless broadband, with a long waitlist of customers in areas where capacity is constrained [37] Question: Impact of ACP Program Expiration [40] - The company expects the Affordable Connectivity Program (ACP) to end, with minimal impact on its postpaid business and a small impact on prepaid and wholesale segments [42] - T-Mobile is working with customers and partners to transition ACP participants to other programs or plans [43] Question: Fiber Strategy and Network Positioning [52] - The company's fiber strategy is opportunistic, focusing on partnerships that complement its 5G broadband offerings [54] - T-Mobile's network continues to lead in 5G, with 85% of traffic on mid-band spectrum and 93% of traffic on 5G, ensuring a consistent and reliable customer experience [86][88] Question: ARPU Trends and Free Lines [73] - ARPU is expected to grow by 0.5% in 2024, driven by rate plan optimizations and a focus on ARPA growth [78] - The company does not offer first free lines, and free line contributions to net adds have decreased year-over-year [80] Question: Fiber Penetration and FWA Growth [94] - Early wholesale fiber penetration rates are trending toward 20%, above industry benchmarks [99] - The company expects to reach its 7-8 million fixed wireless broadband customer target by the end of 2025, with 405,000 net adds in Q1 2024 [102] Question: Long-Term Fiber Ambitions [104] - T-Mobile plans to provide a more detailed long-term view of its fiber strategy at its upcoming Capital Markets Day, emphasizing a patient and opportunistic approach [105]

T-Mobile (TMUS) came out with quarterly earnings of $2 per share, beating the Zacks Consensus Estimate of $1.83 per share. This compares to earnings of $1.58 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.29%. A quarter ago, it was expected that this wireless carrier would post earnings of $1.90 per share when it actually produced earnings of $1.67, delivering a surprise of -12.11%.Over the last four quarters, the company h ...

EXHIBIT 99.2 2 3 Highlights 4 Customer Metrics 7 Financial Metrics 13 Capital Structure 14 Guidance 15 Contacts 16 Financial and Operational Tables 3 ...

Financial Performance - T-Mobile reported a 6% year-over-year growth in postpaid service revenue, contributing to a total service revenue increase of 4% to $XX million in Q1 2024[28]. - Net income for Q1 2024 was $2.4 billion, with diluted earnings per share at $2.00, compared to $1.9 billion and $1.58 in Q1 2023[48]. - Core Adjusted EBITDA increased by 8% year-over-year, driven by higher service revenues and lower costs of services[53]. - Total revenues for Q1 2024 were $19.594 billion, compared to $20.478 billion in Q4 2023[74]. - Operating income for Q1 2024 was $3.998 billion, up from $3.480 billion in Q4 2023[74]. - Net income for Q1 2024 was $2.374 billion, compared to $2.014 billion in Q4 2023[74]. - Adjusted Free Cash Flow increased by 39% year-over-year, reaching $XX million, primarily due to higher net cash provided by operating activities[59]. - Adjusted Free Cash Flow for Q1 2024 is projected to be between $16,400 million and $16,900 million, with a previous range of $16,300 million to $16,900 million[97]. - Adjusted Free Cash Flow margin for Q1 2024 is projected at 20.8%, compared to 26.8% in Q4 2023[95]. Customer Growth and Retention - Postpaid net account additions showed continued growth, although there was a decrease in net additions due to fewer high-speed internet-only additions[8]. - Total postpaid customers reached 99,272 thousand in Q1 2024, up from 98,052 thousand in Q4 2023, representing a net addition of 1,220 thousand postpaid customers[81]. - Postpaid phone churn rate improved to 0.86% in Q1 2024, compared to 0.96% in Q4 2023[83]. - Total high-speed internet customers increased to 5,181 thousand in Q1 2024, up from 4,776 thousand in Q4 2023[85]. - The company reported a total of 4,634 thousand postpaid high-speed internet customers in Q1 2024, an increase from 4,288 thousand in Q4 2023[85]. Capital Expenditures and Investments - Cash purchases of property and equipment decreased by 12% year-over-year, reflecting increased capital efficiencies from prior investments in the 5G network[57]. - Net cash used in investing activities was $1,787 million in Q1 2024, compared to $1,221 million in Q4 2023[77]. - The guidance for cash purchases of property and equipment for FY 2024 is between $(8,600) million and $(9,400) million[97]. Debt and Financial Obligations - Total debt, excluding tower obligations, at the end of Q1 2024 was $80.6 billion, with net debt at $73.9 billion[65]. - The impact of net payments for merger-related costs on net cash provided by operating activities was $293 million in Q1 2024, down from $484 million in Q1 2023[52]. - Proceeds from the issuance of long-term debt amounted to $3,473 million in Q1 2024, compared to no proceeds in Q4 2023[77]. - The company aims to maintain a strong cash flow to support debt repayment and further investments in the business[99]. Shareholder Returns and Dividends - During Q1 2024, the company repurchased 21.9 million shares for $3.6 billion, totaling 136.2 million shares repurchased for approximately $19.8 billion as of March 31, 2024[65]. - The company paid a cash dividend of $0.65 per share, amounting to approximately $769 million on March 14, 2024[65]. - The remaining authorization for stock repurchases and quarterly cash dividends through December 2024 is $11.7 billion[65]. - T-Mobile's stockholder return program for 2023-2024 may not be fully utilized, potentially impacting stockholder value[102]. Future Guidance and Outlook - The company raised its 2024 guidance following strong performance in Q1 2024, indicating confidence in continued growth[6]. - Postpaid net customer additions are projected to be between 5.2 million and 5.6 million, an increase of 150 thousand from previous guidance[68]. - Core Adjusted EBITDA guidance for 2024 is revised to a range of $31.4 billion to $31.9 billion, reflecting an increase of $50 million[68]. - Net cash provided by operating activities is expected to be between $21.6 billion and $22.3 billion, also an increase of $50 million from previous guidance[68]. - T-Mobile anticipates a Core Adjusted EBITDA of approximately $7.617 billion for Q1 2024, indicating positive future outlook[92]. Risks and Challenges - The company faces risks related to competition, regulatory changes, and economic conditions that could affect future results[102]. - T-Mobile's substantial level of indebtedness poses challenges in servicing debt obligations[102]. - The company is subject to various regulatory and legal proceedings that may increase costs and affect operations[102]. - T-Mobile's wireless licenses are subject to renewal and may be revoked, impacting service delivery[102]. - T-Mobile's future results may be influenced by geopolitical instability and supply chain disruptions[102]. - The company operates under the interests of its controlling stockholder, Deutsche Telekom, which may differ from other stockholders[102]. Operational Highlights - T-Mobile US, Inc. operates an advanced 4G LTE and nationwide 5G network, providing reliable connectivity for customers[103]. - The company emphasizes a strong commitment to customer service and innovation, aiming to disrupt the wireless market[103].

Core Viewpoint - T-Mobile and EQT have formed a joint venture to acquire Lumos, aiming to enhance broadband services across the U.S. by leveraging Lumos' fiber platform and T-Mobile's market strengths [1][2][3] Company Overview - T-Mobile is recognized as America's 5G leader and the fastest-growing broadband provider, currently serving over 5 million customers with its 5G Internet and T-Mobile Fiber services [3] - EQT is a global investment organization focused on infrastructure, bringing expertise in fiber infrastructure investments to the joint venture [1][4] Joint Venture Details - The joint venture will acquire Lumos, which currently serves 320,000 households over 7,500 route miles in the Mid-Atlantic region, transitioning Lumos to a wholesale model with T-Mobile as the anchor tenant [2][4] - T-Mobile is expected to invest approximately $950 million for a 50% equity stake in the joint venture, with additional commitments of around $500 million anticipated between 2027 and 2028 [4][5] Market Impact - The joint venture aims to address the increasing demand for reliable, low-latency connectivity, expanding T-Mobile's broadband success and enhancing competition in the market [3][4] - The initiative is projected to enable Lumos to reach 3.5 million homes by the end of 2028, significantly increasing broadband access in underserved areas [4][5] Strategic Goals - The partnership focuses on market identification, network engineering, deployment, and customer installation to deliver high-speed fiber internet connectivity [2][4] - T-Mobile's CEO emphasized the importance of providing fast, affordable, and reliable internet to homes and businesses, positioning the company as a leader in broadband services [3]

T-Mobile US, Inc. (TMUS) is set to report first-quarter 2024 results on Apr 25, after the closing bell. In the trailing four quarters, the company delivered an earnings surprise of 1.33%. The wireless service provider is expected to witness a top-line expansion year over year, backed by growing demand for its postpaid services. Management’s focus on developing advanced 5G use cases is a tailwind.Factors at PlayDuring the quarter, T-Mobile joined forces with the leading AI-powered customer intelligence platf ...

The Zacks Wireless National industry appears to be mired in high capital expenditures for infrastructure upgrades, margin woes, supply-chain disruptions amid the prolonged Russia-Ukraine war and Israel-Hamas conflict, soft China market conditions and high customer inventory levels. However, the industry is likely to benefit in the long run from an accelerated 5G rollout and increased fiber densification.Against this backdrop, T-Mobile US Inc. (TMUS) , Verizon Communications Inc. (VZ) and United States Cellu ...

A company that can consistently pay more in dividends to its shareholders year after year is a great stock to own. Not only can you expect to receive a bigger dividend payment every year, but dividend growth stocks historically outperform the S&P 500.One such stock that could prove to be a phenomenal dividend grower is T-Mobile (TMUS -0.47%). Despite shares trading near their all-time high, they still look like a great value. The telecom stock sits on an increasingly strong cash position that can support it ...

In the latest trading session, T-Mobile (TMUS) closed at $161.16, marking a +0.26% move from the previous day. This change lagged the S&P 500's 0.89% gain on the day. Meanwhile, the Dow experienced a rise of 1.03%, and the technology-dominated Nasdaq saw an increase of 1.25%.Heading into today, shares of the wireless carrier had lost 0.81% over the past month, lagging the Computer and Technology sector's gain of 3.77% and the S&P 500's gain of 3.56% in that time.Analysts and investors alike will be keeping ...