Core Insights - T-Mobile is transitioning from a value carrier to a leader in network quality, emphasizing its advancements in spectrum depth and network density, particularly with its 5G standalone core [2][4] - The company is focusing on three differentiation areas: network, value, and customer experience, which are expected to expand growth opportunities across various segments [3] Financial Outlook - T-Mobile set a multi-year financial roadmap targeting approximately $77 billion in service revenue by 2026, with 900,000 to 1 million postpaid net additions and core adjusted EBITDA of $37 to $37.5 billion [5][14] - For 2027, the company expects service revenue between $80.5 billion and $81.5 billion, with a projected core adjusted EBITDA of $40 to $41 billion [15] Customer Experience and Value Proposition - T-Mobile's pricing strategy positions existing customers 12% to 15% lower than competitors AT&T and Verizon, with new customers seeing a 20% to 30% value gap when considering additional benefits [8] - The T-Life app has surpassed 100 million downloads, with a significant increase in unassisted upgrades, indicating improved customer engagement [9] Network Expansion and Broadband Goals - T-Mobile aims to reach 15 million fixed wireless access (FWA) customers by 2030, up from a previous target of 12 million, and plans to add 3 to 4 million customers through its T-Fiber initiative [6][12][13] - The company has increased its market share in rural areas from 13% in 2020 to 24% today, targeting network seekers who previously preferred competitors [11] Capital Allocation and Shareholder Returns - T-Mobile has returned over $45 billion to shareholders since initiating its buyback program, with plans to allocate up to $30 billion for shareholder returns in the coming years [18] - The company is accelerating share buybacks to up to $5 billion in Q1, with a remaining allocation envelope of over $52 billion for 2026-2027 [18]

Core Insights - America Movil, S.A.B. de C.V. (AMX) reported a net income per ADR of 35 cents for Q4 2025, a significant increase from 7 cents in the same quarter last year, although it fell short of the Zacks Consensus Estimate of 43 cents [1][9] - The company's total quarterly revenues rose by 3.4% to Mex$244,897 million, driven by growth in both Service and Equipment segments [3][9] Financial Performance - Net income for the quarter was Mex$19,134 million, compared to Mex$4,074 million in the prior-year quarter [1] - Comprehensive financing costs decreased by 47.6% to Mex$15,643 million from Mex$29,850 million year-over-year [2] - Free cash flow increased by 39% year-over-year to Mex$81,884 million [12][9] - Total costs and expenses rose by 2.8% to Mex$149,969 million, while EBITDA increased by 4.2% to Mex$94,928 million, resulting in an EBITDA margin of 38.8% [11] Subscriber Growth - AMX gained 2.5 million wireless subscribers in Q4 2025, including a net increase of 2.8 million postpaid subscribers, while the prepaid segment saw a decline of 298,000 users [4] - The company had a total of 331 million wireless subscribers by the end of December 2025 [4] Regional Performance - Central America experienced a revenue growth of 10.4%, with wireless service revenue increasing by 12.7% year-over-year [6] - Argentina's revenues rose by 7.4% to ARS 770,695 million, driven by higher service revenues, although equipment revenues showed soft trends [7] - Brazil's revenues increased by 6.3% to BRL $13,381 million, supported by strong performance in Service and Equipment revenues [10]

Core Insights - T-Mobile US, Inc. provided an update on its multi-year plan during its fourth quarter 2025 earnings call and Capital Markets Day Update event, indicating a commitment to enhancing its strategic initiatives [1] - CEO Srini Gopalan emphasized the company's differentiation in three key areas: Best Network, Best Value, and Best Experiences, which are expected to drive significant growth opportunities in its core wireless business [1] Summary by Categories Company Strategy - The company raised the bar on its ambitious multi-year plan originally shared in September 2024, showcasing its ongoing commitment to innovation and market leadership [1] Market Position - T-Mobile's focus on delivering the Best Network, Best Value, and Best Experiences positions it uniquely in the competitive landscape, aiming to capture a larger market share and enhance customer loyalty [1]

Financial Data and Key Metrics Changes - T-Mobile is growing four times faster in service revenue than competitors and twice as quickly on EBITDA, with over $20 billion returned to shareholders [8][9] - Free cash flow generation remains strong, serving as an industry benchmark [8] Business Line Data and Key Metrics Changes - T-Mobile has added over 1 million new prepaid relationships annually, with an ARPA growth of 13% since 2020 [9][10] - The company has successfully transitioned to a 5G standalone core, providing a significant lead over competitors [14][15] Market Data and Key Metrics Changes - T-Mobile's median download speeds are twice as high as the nearest competitor, with a significant lead in network quality as recognized by J.D. Power [17][18] - The company has gained share in markets where competitors have built fiber, indicating strong performance in network seeker demographics [45] Company Strategy and Development Direction - T-Mobile aims to maintain its differentiation by providing the best network, best value, and best customer experience, which is seen as a key driver for growth opportunities [12][40] - The company is focused on expanding its broadband business, targeting 15 million customers by 2030, with significant growth potential in small markets and rural areas [43][55] Management's Comments on Operating Environment and Future Outlook - Management expresses confidence in T-Mobile's growth trajectory, emphasizing the importance of widening differentiation to unlock unparalleled growth opportunities [40][49] - The company is committed to leveraging AI and digital technologies to enhance customer experience and operational efficiency [30][32] Other Important Information - T-Mobile has introduced Live Translate, a real-time voice translation service built into its network, showcasing its commitment to innovation [34][36] - The company is exploring new growth areas such as advertising and financial services, indicating a strategic expansion beyond traditional telecommunications [56][57] Q&A Session Summary Question: What is T-Mobile's strategy for maintaining competitive advantage? - Management highlighted the importance of no trade-offs between network quality, value, and customer experience as a core strategy [12][22] Question: How does T-Mobile plan to grow its broadband business? - The company aims for 15 million broadband customers by 2030, leveraging its ultra-capacity network and focusing on incremental growth [43][55] Question: What role does AI play in T-Mobile's future? - AI is seen as a critical component for personalizing customer experience and improving operational efficiency, with ongoing investments in AI technologies [30][32]

Financial Data and Key Metrics Changes - T-Mobile is growing four times faster in service revenue than competitors and twice as quickly on EBITDA, with over $20 billion returned to shareholders [8][9] - Free cash flow generation remains strong, serving as an industry benchmark [8] Business Line Data and Key Metrics Changes - T-Mobile has added over 1 million new prepaid relationships annually, with an ARPA growth of 13% since 2020 [9][10] - The company has achieved a median download speed that is twice as much as its nearest competitor, indicating significant network capacity [16][18] Market Data and Key Metrics Changes - T-Mobile has gained significant market share in New York City and small markets, with a current share of 24% in rural areas, up from 13% in 2020 [43][44] - The broadband business is projected to reach 15 million customers by 2030, with incremental growth expected from fiber services [45][58] Company Strategy and Development Direction - T-Mobile aims to maintain its differentiation by providing the best network, best value, and best customer experience, challenging the traditional trade-offs in the industry [11][22] - The company is focused on expanding its broadband business and exploring new growth areas such as advertising and financial services [60][61] Management's Comments on Operating Environment and Future Outlook - Management expresses confidence in T-Mobile's growth trajectory, emphasizing the importance of widening differentiation to unlock unparalleled growth opportunities [41][52] - The company is committed to maintaining win-win economics that benefit both customers and investors, aiming to shift the industry's focus back to value creation [51][52] Other Important Information - T-Mobile has introduced Live Translate, a real-time voice translation service built into its network, showcasing its commitment to innovation [34][38] - The company is leveraging AI to enhance customer experience and operational efficiency, expecting close to $3 billion in savings by 2027 [31][33] Q&A Session Questions and Answers Question: What are T-Mobile's growth opportunities in the consumer wireless market? - T-Mobile sees significant growth potential among network seekers, particularly in urban areas like New York City, where it remains under-indexed [41][42] Question: How does T-Mobile plan to expand its broadband business? - The company aims to reach 15 million broadband customers by 2030, leveraging its ultra-capacity network and incremental growth strategies [45][58] Question: What is T-Mobile's approach to maintaining customer loyalty? - T-Mobile believes in proving loyalty to customers through consistent value delivery, rather than requiring customers to prove their loyalty [29][30]

Financial Performance Highlights - T-Mobile's Q4 service revenue increased by 10% year-over-year to $18.7 billion, primarily driven by a 13.9% growth in postpaid service revenue [3] - Operating cash flow rose by 20% to $6.65 billion, while adjusted free cash flow reached $4.2 billion [3] - The earnings miss was attributed to $390 million in severance costs related to workforce restructuring, with a net impact of $293 million after tax [4] - Full-year 2025 core adjusted EBITDA was reported at $33.9 billion [4] Customer Growth & Operational Momentum - T-Mobile added 2.4 million total postpaid net customers in Q4, including 962,000 postpaid phone net additions [5] - The company experienced broadband expansion with 558,000 net additions, bringing total broadband customers to 9.4 million, including 8.5 million 5G broadband subscribers [5] - T-Mobile received the highest network quality ratings in five of six U.S. regions from J.D. Power for the first time [5] - Postpaid phone churn increased to 1.02%, up 10 basis points year-over-year [5] 2026 Guidance & Outlook - Management projected core adjusted EBITDA for 2026 to be between $37.0 billion and $37.5 billion, indicating a 10% growth at the midpoint [6] - Adjusted free cash flow is expected to be between $18.0 billion and $18.7 billion, with capital expenditures anticipated at approximately $10.0 billion [6] - CEO Srini Gopalan expressed confidence in the company's future growth prospects [6] Capital Returns - T-Mobile returned $3.6 billion to stockholders in Q4 through $2.5 billion in share repurchases and $1.1 billion in dividends [7] - Cumulative returns since Q3 2022 totaled $45.4 billion [7] - The board authorized a new $14.6 billion capital return program through December 2026, with the next dividend of $1.02 per share payable on March 12, 2026 [7]

EXHIBIT 99.2 2 | 3 | Highlights | | --- | --- | | 4 | Customer Metrics | | 7 | Financial Metrics | | 13 | Capital Structure | | 14 | Guidance | | 15 | Contacts | | 16 | Financial and Operational Tables | (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 expectations if results are not yet reported. (2) Core Adjusted EBITDA, Adjusted Free Cash Flow and Adjusted Free Cash Flo ...

Core Viewpoint - T-Mobile US reported a decrease in profit despite an increase in revenue during the latest quarter, as the company continued to grow its subscriber base for its most profitable phone offering [1] Group 1: Financial Performance - The company experienced lower profit figures in the latest quarter [1] - Revenue increased during the same period, indicating strong sales performance [1] Group 2: Subscriber Growth - T-Mobile US continued to add subscribers, particularly for its most lucrative phone offering [1]

By Harshita Mary Varghese Feb 11 (Reuters) - T-Mobile raised its forecast for 2027 service revenue and adjusted free cash flow, encouraged by ‌rising demand for its broadband offerings and premium 5G mobile plans ‌that include streaming perks. Shares of the company rose 3% on Wednesday. During the fourth quarter, the ​company added 962,000 monthly-bill-paying phone customers, the highest among the big three U.S. wireless carriers. T-Mobile's bundles that include Netflix, Apple TV and Hulu, along with ...

Group 1 - T-Mobile US, Inc. (NASDAQ:TMUS) is experiencing a decline in stock performance, with comparisons made to Verizon indicating slower growth prospects [1] - The company is facing challenges due to competition from Elon Musk's satellite initiatives, which may negatively impact T-Mobile's profit margins [3] - Despite the potential of T-Mobile as an investment, there are other AI stocks that are perceived to offer better upside potential and lower downside risk [4]