Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-33409 T-MOBILE US, INC. (Exact name of registrant as specified in its charter) Delaware 20-0836269 (State or other jurisdi ...

T-Mobile US, Inc. (TMUS) reported mixed first-quarter 2024 results, with the bottom line beating the Zacks Consensus Estimate but the top line missing the same.The Bellevue, WA-based wireless service provider reported industry-leading postpaid customer growth with a record low churn rate. T-Mobile follows a multi-layer approach to 5G with dedicated standalone 5G deployed nationwide across 600MHz, 1.9GHz, and 2.5GHz bands.Net IncomeNet income in the first quarter was $2,374 million or $2.00 per share, up fro ...

For the quarter ended March 2024, T-Mobile (TMUS) reported revenue of $19.59 billion, down 0.2% over the same period last year. EPS came in at $2.00, compared to $1.58 in the year-ago quarter.The reported revenue represents a surprise of -0.22% over the Zacks Consensus Estimate of $19.64 billion. With the consensus EPS estimate being $1.83, the EPS surprise was +9.29%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

Financial Data and Key Metrics - The company reported strong Q1 2024 results, with postpaid phone net adds in line with Q1 2023, while industry net adds were lower by a double-digit percentage [6] - Postpaid phone gross adds increased year-over-year for the fourth consecutive quarter, even as industry gross adds declined [7] - The company achieved its best-ever Q1 postpaid phone churn rate, indicating strong customer retention [7] - Core adjusted EBITDA is expected to grow by 9% year-over-year, reaching between $31.4 billion and $31.9 billion [16] - Adjusted free cash flow is projected to be between $16.4 billion and $16.9 billion, up 23% year-over-year [17] Business Line Performance - The company added 405,000 home broadband customers in Q1, representing a higher share of industry broadband net adds compared to the previous year [9] - T-Mobile now serves over 5 million High-Speed Internet customers, with plans to enhance value through new rate plans for home mesh networks and on-the-go usage [9] - The company announced a joint venture with EQT to acquire Lumos, targeting 3.5 million homes passed by 2028, with T-Mobile investing approximately $950 million initially and an additional $500 million between 2027 and 2028 [10][11] Market Performance - T-Mobile continues to take market share in wireless and broadband, with postpaid phone net adds outperforming the industry [6][9] - The company's 5G network is a key differentiator, with 75% of postpaid phone customers already using 5G smartphones [7] - The company expects to close the acquisition of Mint and Ultra Mobile on May 1, further expanding its presence in the value segment [12] Strategic Direction and Industry Competition - T-Mobile's strategy focuses on maintaining its position as the value leader in the market while exploring opportunities for growth in broadband and fiber partnerships [10][11] - The company is leveraging its 5G network leadership to drive growth in both consumer and enterprise markets, with a focus on advanced 5G capabilities like network slicing [33] - The joint venture with EQT and Lumos is part of a capital-light model to expand broadband services without significant balance sheet impact [11] Management Commentary on Operating Environment and Future Outlook - Management expressed confidence in the company's growth trajectory, citing consistent performance and strong customer loyalty [13] - The company plans to host a Capital Markets Day in the fall to discuss long-term opportunities and value creation strategies [14] - Management highlighted the potential for further growth in broadband and fiber, with a focus on capital-efficient investments [11][38] Other Important Information - The company received regulatory approval to acquire Mint and Ultra Mobile, with the transaction expected to close on May 1 [12] - T-Mobile's adjusted free cash flow margins are multiple percentage points higher than its peers, driven by margin expansion and capital efficiency [17] - The company is exploring ways to extend its fixed wireless broadband strategy beyond the initial 7-8 million customer target [36] Q&A Session Summary Question: Pricing Actions and Competitive Landscape [21] - The company is considering pricing actions, particularly for older rate plans, but remains committed to its value leadership strategy [22] - The competitive environment remains intense, with T-Mobile focusing on underpenetrated markets and unique growth vectors [24] Question: Lumos Transaction and Broadband Growth [28] - The Lumos transaction is part of a broader strategy to expand broadband services through capital-light partnerships [38] - The company sees significant growth potential in fixed wireless broadband, with a long waitlist of customers in areas where capacity is constrained [37] Question: Impact of ACP Program Expiration [40] - The company expects the Affordable Connectivity Program (ACP) to end, with minimal impact on its postpaid business and a small impact on prepaid and wholesale segments [42] - T-Mobile is working with customers and partners to transition ACP participants to other programs or plans [43] Question: Fiber Strategy and Network Positioning [52] - The company's fiber strategy is opportunistic, focusing on partnerships that complement its 5G broadband offerings [54] - T-Mobile's network continues to lead in 5G, with 85% of traffic on mid-band spectrum and 93% of traffic on 5G, ensuring a consistent and reliable customer experience [86][88] Question: ARPU Trends and Free Lines [73] - ARPU is expected to grow by 0.5% in 2024, driven by rate plan optimizations and a focus on ARPA growth [78] - The company does not offer first free lines, and free line contributions to net adds have decreased year-over-year [80] Question: Fiber Penetration and FWA Growth [94] - Early wholesale fiber penetration rates are trending toward 20%, above industry benchmarks [99] - The company expects to reach its 7-8 million fixed wireless broadband customer target by the end of 2025, with 405,000 net adds in Q1 2024 [102] Question: Long-Term Fiber Ambitions [104] - T-Mobile plans to provide a more detailed long-term view of its fiber strategy at its upcoming Capital Markets Day, emphasizing a patient and opportunistic approach [105]

T-Mobile (TMUS) came out with quarterly earnings of $2 per share, beating the Zacks Consensus Estimate of $1.83 per share. This compares to earnings of $1.58 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.29%. A quarter ago, it was expected that this wireless carrier would post earnings of $1.90 per share when it actually produced earnings of $1.67, delivering a surprise of -12.11%.Over the last four quarters, the company h ...

EXHIBIT 99.2 2 3 Highlights 4 Customer Metrics 7 Financial Metrics 13 Capital Structure 14 Guidance 15 Contacts 16 Financial and Operational Tables 3 ...

EXHIBIT 99.2 2 3 Highlights 4 Customer Metrics 7 Financial Metrics 13 Capital Structure 14 Guidance 15 Contacts 16 Financial and Operational Tables 3 ...

T-Mobile's scalable broadband and wireless growth engine combined with EQT's infrastructure expertise will leverage Lumos' fiber platform to deliver broadband services to more Americans BELLEVUE, Wash. and NEW YORK, April 25, 2024 /PRNewswire/ -- T-Mobile (NASDAQ: TMUS), America's 5G leader and fastest growing broadband provider, and EQT, a purpose-driven global investment organization, today announced they have entered into a joint venture (JV) with EQT's Infrastructure VI fund (EQT) that will acquire fibe ...

T-Mobile US, Inc. (TMUS) is set to report first-quarter 2024 results on Apr 25, after the closing bell. In the trailing four quarters, the company delivered an earnings surprise of 1.33%. The wireless service provider is expected to witness a top-line expansion year over year, backed by growing demand for its postpaid services. Management’s focus on developing advanced 5G use cases is a tailwind.Factors at PlayDuring the quarter, T-Mobile joined forces with the leading AI-powered customer intelligence platf ...

The Zacks Wireless National industry appears to be mired in high capital expenditures for infrastructure upgrades, margin woes, supply-chain disruptions amid the prolonged Russia-Ukraine war and Israel-Hamas conflict, soft China market conditions and high customer inventory levels. However, the industry is likely to benefit in the long run from an accelerated 5G rollout and increased fiber densification.Against this backdrop, T-Mobile US Inc. (TMUS) , Verizon Communications Inc. (VZ) and United States Cellu ...