SK telecom Investor Briefing Earnings for Q2 2025 2025.8.6. Disclaimer This presentation contains forward-looking statements with respect to the financial condition, results of operations, and business of SK Telecom (the "Company", or "SKT") and its subsidiaries, and plans and objectives of the management of the Company. The forward-looking statements are influenced by unknown risks, uncertainties, and other factors that may impact the actual performance and results of the Company. The Company does not make ...

Core Insights - T-Mobile, US, Inc. (TMUS) reported strong second-quarter 2025 results, with both revenue and net income exceeding estimates, driven by significant postpaid customer growth [1][10] Financial Performance - Net income for Q2 was $3.22 billion, or $2.84 per share, reflecting a 10.2% increase from $2.92 billion or $2.49 per share in the same quarter last year, surpassing the Zacks Consensus Estimate of $2.69 [2][10] - Total revenues reached $21.13 billion, up from $19.77 billion year-over-year, driven by robust service revenue growth, and exceeded the consensus estimate of $20.97 billion [3][10] Segment Results - Total service revenues were $17.43 billion, an increase from $16.42 billion in the previous year, with a 6.1% year-over-year growth primarily due to strong demand for postpaid services [4] - Postpaid services generated $14.07 billion in revenues, marking a 9.1% increase year-over-year [4] - Equipment revenues rose to $3.43 billion from $3.1 billion in the prior year, attributed to a higher average revenue per device sold [7] Customer Growth - T-Mobile added 1.7 million postpaid net customers and 318,000 postpaid net accounts during the quarter, with a postpaid phone churn rate of 0.9% [5] - Average revenue per postpaid account increased to $149.87 from $142.54 year-over-year [5] Cash Flow and Liquidity - Cash generated from operating activities was $6.99 billion, up from $5.52 billion in the prior year, with adjusted free cash flow of $4.6 billion, an increase from $4.4 billion [11] - As of June 30, 2025, T-Mobile had $10.25 billion in cash and cash equivalents, alongside $75.01 billion in long-term debt [11] Outlook - T-Mobile has raised its 2025 guidance, now expecting postpaid net customer additions between 6.1 million and 6.4 million, up from the previous estimate of 5.5-6 million [12] - Core adjusted EBITDA is projected to be between $33.3 billion and $33.7 billion, with anticipated cash from operating activities in the range of $27.1 billion to $27.5 billion [12]

AT&T Inc. (T) has gained 23.7% over the past year compared with the Wireless National industry’s growth of 9.6%. The stock has also outperformed the Zacks Computer & Technology sector and the S&P 500 composite’s decline of 6% and 3.9%, respectively.Price PerformanceImage Source: Zacks Investment ResearchIt also outperformed its peers, such as Verizon Communications Inc. (VZ) and T-Mobile US, Inc. (TMUS) . Verizon has gained 6.3% and T-Mobile has surged 7.2% over this period. TMUS continues to enhance its ne ...

Group 1 - The total number of mobile users is expected to grow by 5.9% in 2024, down from 6.8% in the previous year, with a projected compound annual growth rate (CAGR) of 3.5% from 2023 to 2029, reaching 14.3 billion users by 2029 [1] - Africa, Central Asia, and South Asia are the main drivers of non-IoT user growth, as consumers in these regions increasingly connect and migrate to 4G services. Strong growth in IoT users is expected in North America and China, with emerging markets like India and Saudi Arabia also preparing for significant IoT expansion [4] - Service revenue is projected to grow by 4.7% in 2024 but is expected to decline to 2.7% by 2029, with an estimated service revenue of $981 billion by 2029, reflecting a CAGR of 3.5% [4] Group 2 - Companies should leverage the capabilities of 5G to drive revenue growth, particularly in the enterprise sector, by developing new services that showcase unique features such as live streaming, augmented reality, virtual reality experiences, and 4K UHD video [5] - Rethinking pricing strategies for 5G services is crucial, as charging a premium may lead to risks of losing market share to more affordable competitors. Companies can improve profit margins without raising prices by utilizing lower data carrying costs of 5G [6] - Balancing investments between 4G and 5G is essential, as 4G remains the dominant technology in many markets. Companies should prioritize expanding 4G infrastructure to accelerate consumer migration before gradually shifting focus to 5G as the market matures [6]

Core Viewpoint - AT&T Inc. has significantly outperformed its peers and the industry over the past year, driven by strong growth in 5G services and fiber expansion, despite facing challenges from declining legacy services and competitive pressures [1][9]. Group 1: Stock Performance - AT&T's stock has increased by 58.8% over the past year, compared to a 35.7% rise in the industry [1]. - In comparison, Verizon Communications Inc. has gained 4.3%, while T-Mobile US, Inc. has surged by 53.2% [1]. Group 2: Growth Drivers - AT&T's customer-centric business model is supported by the deployment of mid-band spectrum and fiber densification, which is expected to enhance broadband connectivity for both enterprise and consumer markets [3]. - The company is committed to closing the digital divide, which aligns with its strategy to foster inclusive connectivity and socio-economic progress [3]. Group 3: 5G Network Development - AT&T is leveraging millimeter-wave spectrum for dense urban areas and mid- and low-band spectrum for suburban and rural areas, enhancing its 5G service capabilities [4]. - The company plans to modernize its 5G wireless network using Open RAN technology by 2027, aiming to cover over 300 million people with mid-band 5G spectrum by the end of 2026 [5]. Group 4: Edge Computing Solutions - AT&T anticipates gaining a competitive advantage through edge computing services, which will allow businesses to manage application-specific traffic more effectively [6]. - The Multi-access Edge Compute solution is designed to support low-latency, high-bandwidth applications, enhancing data processing capabilities [7]. Group 5: Challenges and Market Dynamics - Despite strong wireless growth, AT&T is experiencing a decline in legacy services, particularly in its wireline division, due to competition from VoIP providers and aggressive offerings from cable companies [9]. - The company faces margin pressures as it attempts to attract customers with discounts and promotions, which could impact its growth potential [9]. Group 6: Earnings Estimates - Earnings estimates for AT&T have been revised downwards, with a decline of 8.9% for 2025 to $2.14 and for 2026 to $2.26, indicating bearish sentiment towards the stock [11]. Group 7: Future Outlook - By investing in infrastructure and new technologies, AT&T is positioned to enhance connectivity and potentially achieve solid postpaid subscriber growth and higher average revenue per user in its Mobility Service business [12].