T-Mobile US beats by $0.20, beats on revs; raises customer additions guidance, reaffirms EBITDA guidance
Reports Q2 (Jun) earnings of $0.42 per share, $0.20 better than the Capital IQ Consensus Estimate of $0.22; revenues rose 14.0% year/year to $8.2 bln vs the $7.96 bln consensus. Co reported 2.1 million total net adds, 1.0 million branded postpaid net adds. Continued low branded postpaid phone churn of 1.3% -- down 16 bps YoY.
- Outlook:
- T-Mobile expects to drive further customer momentum while delivering strong growth in Adjusted EBITDA.
- With the success of its Simple Choice plan and the continued evolution of the Un-carrier strategy, branded postpaid net customer additions for 2015 are now expected to be between 3.4 and 3.9 million, an increase from the previous guidance range of 3.0 to 3.5 million.
- For the full-year of 2015, T-Mobile expects Adjusted EBITDA to be in the range of $6.8 to $7.2 billion, unchanged from previous guidance despite the increase in branded postpaid net customer additions guidance.