T-Mobile Raises Customer Growth Outlook After Strong Subscriber Additions

Core Insights - T-Mobile US Inc. raised its full-year customer growth forecast after exceeding subscriber addition expectations in Q3, driven by bundled mobile and streaming plans [1] - The company added 1.01 million postpaid phone customers in the quarter, marking the highest total for this period in over a decade [1] Customer Growth Forecast - T-Mobile now anticipates full-year postpaid net customer additions of 7.2 million to 7.4 million, an increase from the previous estimate of 6.1 million to 6.4 million [2] - The guidance for core adjusted EBITDA has also been raised to between $33.70 billion and $33.90 billion, compared to the earlier forecast of $33.3 billion to $33.7 billion [2] Financial Performance - For the quarter ending September 30, revenue increased by 8.9% year-over-year to $21.96 billion, slightly below expectations of $21.98 billion [3] - Adjusted core profit rose by 5.3% to $8.68 billion, surpassing the consensus estimate of $8.62 billion [3]