T-Mobile Adds 1 Million Customers, Steps Up Mobile Fight

Core Insights - The company has been a growth leader for 13 years and achieved its highest number of new customers in the latest quarter [2] - Service revenue reached $18.24 billion, reflecting a 9% growth, exceeding Bloomberg Consensus estimates of $18.16 billion [4] - The company reported a 6% EBITDA growth and a cash conversion rate of 26%, the highest in the industry [3][10] Financial Performance - Total revenue was $21.96 billion, slightly below the expected $21.98 billion, indicating minor concerns despite overall strong performance [5] - Average revenue per user (ARPU) increased by 1.8% this year, with a 2% guidance increase for future ARPU [7][8] Customer Acquisition and Competition - The company added 1 million postpaid phone customers while maintaining a 6% earnings growth, showcasing effective customer acquisition strategies [6] - The industry has seen a 50% growth in free cash flow over the last three years, indicating a competitive landscape that still delivers value to customers [7] Market Positioning - The company positions itself as the value leader, attracting new customers without diluting revenue from existing ones [8] - The launch of new devices, such as the iPhone, creates a favorable switching moment for customers, enhancing the company's competitive edge [11][12]