T-Mobile, US, Inc. (TMUS) reported impressive third-quarter 2024 results, with both the bottom and top lines surpassing the respective Zacks Consensus Estimate. The Bellevue, WA-based wireless service provider reported a top-line expansion backed by industry-leading postpaid customer growth.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.T-Mobile follows a multi-layer approach to 5G, with dedicated standalone 5G deployed nationwide across 600MHz, 1.9GHz and 2.5GHz bands. Strong grow ...

T-Mobile US, Inc. TMUS reported better-than-expected third-quarter financial results and raised its FY24 guidance on Wednesday.T-Mobile reported quarterly earnings of $2.61 per share, which beat the analyst consensus estimate of $2.41. Quarterly revenue came in at $20.16 billion which beat the analyst consensus estimate of $20.01 billion and is an increase over sales of $19.25 billion from the same period last year."Delivering another quarter of industry-leading results, including our best third-quarter pos ...

Financial Data and Key Metrics - Q3 2024 was a strong quarter with consistent execution, enabling the company to raise its 2024 guidance again [5] - Core adjusted EBITDA growth of 9% led the industry by a wide margin, driven by profitable customer growth and industry-leading service revenue growth [9] - Full-year 2024 guidance for core adjusted EBITDA raised to $31.6 billion to $31.8 billion, up $50 million at the midpoint [10] - Adjusted free cash flow for 2024 is expected to be between $16.7 billion and $17 billion, up $50 million at the midpoint, driven by margin expansion and capital efficiency [11] - Postpaid ARPA (Average Revenue Per Account) is expected to grow around 3% year-over-year in 2024, with industry-leading service revenue growth accelerating [10] Business Line Performance - Mobile business delivered the best Q3 postpaid phone net adds in a decade, fueled by record-low Q3 postpaid phone churn and year-over-year growth in gross adds [6] - Broadband business reached a milestone of 6 million customers in just three years, halfway to the long-term target of 12 million customers by 2028 [8] - Digital mix of iPhone launch sales in Q3 increased by 40% year-over-year, with the majority of T-Mobile branded iPhone pre-orders being digital for the first time [7] - Enterprise segment saw double-digit growth quarter-over-quarter, with significant wins in government and retail sectors [38] Market Performance - The company continues to lead the industry in share of switchers and grew its share of households in both top 100 markets and rural areas [6] - Smaller markets and rural areas (SMRA) saw strong growth, with Q3 being the highest win share quarter ever, and Net Promoter Score (NPS) in these areas is now 20% higher than the next competitor [35][36] - The company’s 5G network was awarded the best 5G availability in the world by Opensignal, further differentiating its technology leadership [8] Strategic Direction and Industry Competition - The company is focused on evolving from a challenger to a champion, with a multi-year plan that emphasizes consistent execution and digital transformation [11] - Digitalization efforts are progressing, with a goal to reduce person-to-person customer service interactions by 75% and achieve majority digital activations [20][21] - The company is leveraging its 5G network leadership, with advanced technologies like voice over new radio and four-way carrier aggregation, to further extend its competitive advantage [8][52] - The company is exploring opportunities in AI-RAN and 6G, with a focus on driving future network efficiency and performance [73][74] Management Commentary on Operating Environment and Future Outlook - Management highlighted the company’s resilience and recovery efforts following hurricanes Helene and Milton, showcasing the team’s innovative use of technology to support affected communities [4] - The company remains optimistic about its growth trajectory, with a focus on underpenetrated areas and segments, particularly in rural markets and among customers who prioritize network attributes [6][35] - Management emphasized the importance of maintaining a balance between growth and profitability, with a strategy that prioritizes value, network quality, and customer experience [88][89] Other Important Information - The company is actively managing its spectrum portfolio, including recent transactions involving 3.45 GHz and 2.5 GHz spectrum, and exploring options for 800 MHz spectrum [23][24] - The company is progressing with several strategic transactions, including deals with US Cellular, Lumos, and Metronet, which are expected to close in 2025 [80][82] - The company is investing in customer-driven coverage, using AI-driven algorithms to optimize network deployment and capital allocation [59][60] Q&A Summary Question: Buyback Strategy and Wholesale Business Impact [13] - The company adjusted its buyback strategy to be more consistent and less reactive to short-term share price movements [15] - Wholesale revenue is expected to trough in 2025, with underlying growth in partnerships offsetting declines from ACP and TracFone transitions [16] Question: Spectrum Strategy and Digitalization Cost Savings [18] - The company is optimizing its spectrum portfolio, with 3.45 GHz not being part of its long-term plan, and exploring options for 800 MHz spectrum [23][24] - Digitalization efforts are expected to drive significant cost savings and revenue growth, with a detailed 14-quarter plan in place to track progress [19][20] Question: DT’s Ownership Stake and Postpaid Phone Net Adds [26] - DT’s ownership stake in T-Mobile may increase over time, but the governance structure and strategic alignment remain unchanged [27][28] - The company expects approximately 3 million postpaid phone net adds for the full year, with Q4 trends aligning with expectations [29] Question: SMRA Market Penetration and Postpaid ARPU Strength [34] - The company is seeing strong growth in smaller markets and rural areas, with record win share and high Net Promoter Scores [35][36] - Postpaid ARPU strength is driven by a mix of factors, including rate plan optimization and expansion of customer relationships [41] Question: 800 MHz Spectrum and AT&T’s Fiber Network [43] - The company has optionality with 800 MHz spectrum, which is not currently part of its financial or network plans [45] - The company is open to future opportunities in fiber but remains focused on its own fiber deployment strategy [47] Question: Handset Upgrade Rates and AI-Driven Device Cycle [49] - Current handset upgrade rates remain low due to the longevity and performance of existing devices, but the company is well-positioned for any future upgrade cycles [50][51] - The company’s standalone 5G network and advanced device capabilities provide a competitive edge in future upgrade cycles [52][53] Question: Network Upgrade Priorities for 2025 [57] - The company is using a customer-driven coverage model, leveraging AI and data to prioritize network upgrades and optimize capital allocation [59][60] - The company has a detailed plan for deploying C-band spectrum in 50 markets, with further capacity expansion not immediately needed [62] Question: Macroeconomic Indicators and Consumer Behavior [65] - The company does not see significant changes in consumer behavior or macroeconomic indicators affecting its core business, with steady growth in postpaid and prepaid-to-postpaid transfers [68][69] Question: Spectrum Costs and 6G Cycle [72] - The company is optimistic about the efficiency of future 6G cycles, with potential cost savings from AI-RAN and Open RAN technologies [73][74] - The company’s 5G strategy has benefited both consumers and the industry, with significant improvements in speed and data usage at similar price points [75] Question: US Cellular Deal and ARPU Growth Drivers [78] - The US Cellular deal is progressing well, with expected closure in mid-2025, and is expected to benefit both T-Mobile and US Cellular customers [80][83] - ARPA growth is driven by the expansion of customer relationships, with minimal impact from rate plan optimization [79] Question: Fixed Wireless Business and Growth Trends [94] - The company’s fixed wireless business continues to perform strongly, with consistent net adds and high customer satisfaction [95] - The majority of fixed wireless customers are coming from cable, with gross adds needing to increase to sustain growth towards the 12 million customer target by 2028 [95]

T-Mobile (TMUS) reported $20.16 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 4.7%. EPS of $2.61 for the same period compares to $1.82 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $19.87 billion, representing a surprise of +1.49%. The company delivered an EPS surprise of +10.13%, with the consensus EPS estimate being $2.37. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

T-Mobile (TMUS) came out with quarterly earnings of $2.61 per share, beating the Zacks Consensus Estimate of $2.37 per share. This compares to earnings of $1.82 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.13%. A quarter ago, it was expected that this wireless carrier would post earnings of $2.27 per share when it actually produced earnings of $2.49, delivering a surprise of 9.69%.Over the last four quarters, the company ...

Merger and Acquisition Activities - T-Mobile reported a total merger-related cost of $121 million for the nine months ended September 30, 2024, a decrease of $665 million or 85% compared to the same period in 2023[165]. - The company recognized a gain of $100 million from the DISH License Purchase Agreement, which was recorded as a reduction in selling, general, and administrative expenses[163]. - T-Mobile plans to invest approximately $950 million in a joint venture to acquire a 50% equity interest in Lumos, a fiber-to-the-home platform, expected to close in early 2025[166]. - A definitive agreement was made with KKR to establish a joint venture for acquiring Metronet, with an expected investment of $4.9 billion for a 50% equity interest, anticipated to close in 2025[167]. - The total purchase price for the acquisition of Ka'ena Corporation was approximately $956 million, consisting of $420 million in cash and 3,264,952 shares of T-Mobile common stock[169]. - Up to an additional $403 million may be payable as an earnout based on Ka'ena's performance indicators following the acquisition[170]. - UScellular's wireless operations and select spectrum assets will be acquired for approximately $4.4 billion, including up to $2.0 billion in debt assumption[171]. Financial Performance - Total revenues increased by $910 million, or 5%, for the three months ended September 30, 2024, and by $1.4 billion, or 2%, for the nine months ended[177]. - Postpaid revenues rose by $1.0 billion, or 8%, for the three months and by $2.6 billion, or 7%, for the nine months ended September 30, 2024[177]. - Prepaid revenues increased by $243 million, or 10%, for the three months and by $377 million, or 5%, for the nine months ended September 30, 2024[178]. - Wholesale and other service revenues decreased by $452 million, or 39%, for the three months and by $943 million, or 26%, for the nine months ended[178]. - Total operating expenses decreased by $290 million, or 2%, for the three months and by $1.19 billion, or 3%, for the nine months ended[174]. - Operating income increased by $1.2 billion, or 33%, for the three months and by $2.64 billion, or 24%, for the nine months ended[174]. - Adjusted EBITDA rose to $8.243 billion, an increase of $643 million, or 8%, for the three months ended[175]. - Cash provided by operating activities was $6.139 billion, an increase of $845 million, or 16%, for the three months ended[175]. - Net income was $3.1 billion for the three months ended September 30, 2024, compared to $2.1 billion for the same period in 2023, and $8.4 billion for the nine months ended September 30, 2024, compared to $6.3 billion for 2023[188]. - Income before income taxes was $4.0 billion for the three months ended September 30, 2024, compared to $2.8 billion for the same period in 2023, and $10.9 billion for the nine months ended September 30, 2024, compared to $8.4 billion for 2023[186]. Cost Management - The company has incurred substantially all restructuring and integration costs associated with the Sprint Merger, with cash payments extending beyond 2024[164]. - T-Mobile's net cash payments for merger-related costs were $658 million for the nine months ended September 30, 2024, a decrease of $899 million or 58% compared to the same period in 2023[165]. - T-Mobile's total merger-related costs for the three months ended September 30, 2024, were $0, compared to $152 million for the same period in 2023[165]. - Selling, general and administrative expenses decreased by $148 million, or 3%, for the three months ended and decreased by $565 million, or 4%, for the nine months ended September 30, 2024[183]. - Cost of services decreased by $164 million, or 6%, for the three months ended September 30, 2024[182]. - Cost of equipment sales increased by $58 million, or 1%, for the three months ended September 30, 2024[182]. Customer Metrics - Postpaid accounts increased to 30,631,000 as of September 30, 2024, up 1,133,000 or 4% from 29,498,000 as of September 30, 2023[201]. - Total customers increased to 127,492,000 as of September 30, 2024, up 9,585,000 or 8% from 117,907,000 as of September 30, 2023[205]. - Postpaid net account additions decreased by 71,000 or 18% for the three months ended September 30, 2024, and decreased by 138,000 or 14% for the nine months ended September 30, 2024[202]. - Postpaid Average Revenue Per Account (ARPA) increased by $5.77 or 4% for the three months ended September 30, 2024, reaching $145.60[212]. - Postpaid phone churn decreased slightly to 0.86% for the three months ended September 30, 2024, compared to 0.87% for the same period in 2023[209]. - Prepaid churn decreased by 3 basis points for the three months ended September 30, 2024, primarily due to promotional activity[210]. Cash Flow and Debt - Cash and cash equivalents increased to $9.8 billion as of September 30, 2024, up from $5.1 billion at December 31, 2023[233]. - Net cash provided by operating activities for the nine months ended September 30, 2024, was $16.744 billion, a 22% increase from $13.700 billion in 2023[235]. - Net cash used in investing activities increased by $1.9 billion, or 137%, for the three months ended September 30, 2024[229]. - Total debt and financing lease liabilities as of September 30, 2024, were $82.3 billion, with $74.0 billion classified as long-term debt[239]. - The company issued long-term debt for net proceeds of $8.1 billion during the nine months ended September 30, 2024[239]. Shareholder Returns - The 2023-2024 Stockholder Return Program is authorized for up to $19.0 billion, running from October 1, 2023, through December 31, 2024[258]. - During the three months ended September 30, 2024, the company repurchased 3,179,707 shares at an average price of $202.45, totaling $644 million[261]. - The company reported share repurchases totaling $57 million during the three months ended September 30, 2024[277]. - As of September 30, 2024, the company had $1.0 billion for dividends payable presented within other current liabilities[260]. Legal and Compliance - Legal proceedings are ongoing, with details available in Note 13 of the Condensed Consolidated Financial Statements[277]. - The company remains in compliance with all restrictive debt covenants as of September 30, 2024[255].

il Q3 2024 INVESTOR FACTBOOK EXHIBIT 99.2 Contents 3 Highlights 4 Customer Metrics 7 Financial Metrics 13 Capital Structure 14 Guidance 15 Contacts 16 Financial and Operational Tables INVESTOR FACTBOOK Q3 2024 2 Fili Guidance Across the Board POSTPAID POSTPAID OSTPAID PHONE IND SERVICE REVENUES NET INCOME CORE ADJUSTED EBIT REW 43 INCLUDING INDUSTRY-LEADI INDUSTRY-LEADING GROW INDUSTRY-LEADING GROWTH SERVICE REVENUE GROWTH OF 89 ADJUSTED HIGH SPEED INTERNE PROVIDED BY OPERATING ACTIVITIES NET CUSTOMER ADDIT ...

T-Mobile US, Inc. (TMUS) is set to report third-quarter 2024 results on Oct. 23, after the closing bell. In the trailing four quarters, the company delivered an earnings surprise of 2.72%, while in the last reported quarter, it delivered an earnings surprise of 9.69%. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. 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 devel ...

In its upcoming report, T-Mobile (TMUS) is predicted by Wall Street analysts to post quarterly earnings of $2.34 per share, reflecting an increase of 28.6% compared to the same period last year. Revenues are forecasted to be $19.88 billion, representing a year-over-year increase of 3.3%. The current level reflects a downward revision of 1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial pro ...

Core Insights - TCL has launched the TCL LINKPORT IK511, a 5G connectivity device developed in collaboration with T-Mobile, which allows devices to access T-Mobile's standalone 5G network [1][2] - The device features the Snapdragon X35 5G Modem-RF System and is designed to provide a more reliable and faster experience compared to Wi-Fi and 4G LTE [1][3] - The TCL LINKPORT IK511 is the only commercially available 5G RedCap device in North America, marking a significant advancement in wireless communication standards [2][4] Product Features - The TCL LINKPORT IK511 is one of the smallest and lightest 5G RedCap-capable devices, offering plug-and-play connectivity via USB-C and compatibility with most major operating systems [5] - It supports data transfer speeds of up to 220 Mbps and will be available at T-Mobile stores starting October 17, 2024, priced at $96 with a limited-time 50% discount [5][6] - The device is aimed at both consumers and enterprise users, providing an affordable way to upgrade existing devices to 5G connectivity without needing to purchase new hardware [2][3] Industry Impact - 5G RedCap technology is expected to transform connectivity for both consumers and businesses, enhancing the performance of older Wi-Fi-only devices by integrating them into T-Mobile's leading 5G network [3] - The collaboration between TCL, Qualcomm, and T-Mobile represents a significant step forward in the evolution of wireless networks, with the potential to improve power efficiency, battery life, and overall connectivity [4][3] - T-Mobile's unique position as the only major carrier offering a nationwide 5G SA network has been crucial in the development and launch of the TCL LINKPORT IK511 [2][3]