Financial Data and Key Metrics Changes - T-Mobile raised its guidance for total postpaid net customer additions to between 5.7 million and 5.9 million, reflecting continued progress across core growth initiatives [14] - Core adjusted EBITDA is now expected to be between $29 billion and $29.2 billion, up over 10% year-over-year at the midpoint [15] - Free cash flow is expected to be between $13.4 billion to $13.6 billion, representing an increase of approximately 75% over last year [18] Business Line Data and Key Metrics Changes - The company reported strong growth in the T-Mobile for Business segment, achieving the highest ever account net ads and postpaid nets in enterprise [10] - Consumer ARPU continues to grow, although it is partially offset by growth in enterprise segments with lower ARPUs [8] - Broadband segment serves over 4.2 million customers, with net promoter scores significantly higher than cable [11] Market Data and Key Metrics Changes - T-Mobile achieved leadership in share of switchers in smaller markets and rural areas for the first time, representing about 40% of the country [22][25] - The company is marketing to approximately 50 million homes with fixed wireless access, maintaining a dynamic number based on neighborhood penetration [60] Company Strategy and Development Direction - T-Mobile's strategy focuses on delivering the best network, value, and customer experience, which has resulted in industry-leading customer and financial growth [3] - The company is committed to capital efficiency and plans to leverage significant growth opportunities in the rapidly changing technology landscape [12] - T-Mobile aims to achieve a 20% share of households in smaller markets by the end of 2025 [25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate a competitive landscape, highlighting the importance of customer experience and network performance [9] - The company anticipates continued growth in service revenue and core adjusted EBITDA, driven by strategic investments and operational efficiencies [12][79] - Management noted that the competitive pricing environment remains intense but stable, with expectations for continued strong performance during the holiday season [49] Other Important Information - T-Mobile's merger synergies are expected to reach approximately $7.5 billion in 2023, achieving full run rate synergy targets ahead of schedule [16] - The company plans to discontinue reporting synergies separately from overall business results moving forward [16] Q&A Session All Questions and Answers Question: Insights on rural market share gains and OpEx reduction from workforce changes - Management highlighted that T-Mobile achieved leadership in share of switchers in smaller markets, which represents a significant growth opportunity [22][25] - Regarding OpEx, management indicated that actions taken are expected to create tailwinds for growth, but specific quantification of reductions was not provided [21][37] Question: Updates on fiber pilot programs and fixed wireless expansion - Management reiterated their commitment to a capital-light approach in broadband and expressed confidence in their 5G home broadband performance [32][33] - The company is actively deploying spectrum resources to enhance capacity for fixed wireless access [34][64] Question: Impact of layoffs on OpEx and business growth - Management confirmed that the actions taken are part of a broader transformation strategy, with no additional layoffs planned for 2024 [76][79] - The focus remains on leveraging past investments to drive efficiency and profitability [79] Question: Industry pricing environment and competitive dynamics - Management acknowledged the competitive intensity in pricing and device promotions, stating that T-Mobile is well-positioned to compete effectively [49][50] - The company is focused on creating value for customers through innovative offers and maintaining a strong brand presence [76][77]

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 September 30, 2023 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 jurisdiction of incor ...

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Financial Data and Key Metrics Changes - T-Mobile reported a year-over-year increase of over 5% in postpaid service revenue, driven by growth in postpaid accounts and average revenue per account (ARPA) [14] - Core adjusted EBITDA grew by 11% year-over-year, with a margin increase of over 300 basis points [14] - Free cash flow increased by 64% year-over-year, with the highest free cash flow to service revenue margin relative to peers [15] Business Line Data and Key Metrics Changes - T-Mobile achieved 1.6 million postpaid net additions, including 760,000 postpaid phone net adds, the highest in eight years [10] - The company reported record performance in T-Mobile for Business, with the best-ever phone net adds and lowest phone churn [10] - High-speed Internet customers increased by 509,000, with continued growth in gross adds since the product launch [12] Market Data and Key Metrics Changes - T-Mobile's share of switchers in the top 100 markets increased both sequentially and year-over-year, indicating strong competitive positioning [11] - The company captured a win share of switchers in smaller markets and rural areas, achieving upper 30s percentages [11] - T-Mobile's network performance led to median download speeds more than double that of the closest competitor, reinforcing its market leadership [7] Company Strategy and Development Direction - T-Mobile's strategy focuses on building the best network and enhancing customer experience, which has resulted in industry-leading growth and customer retention [4][5] - The company aims to expand its market share in underpenetrated areas, with a goal of achieving 20% share by 2025 [11] - T-Mobile continues to innovate with offerings like Phone Freedom and Go5G Plus, which have resonated well with customers [8][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to maintain momentum, citing strong customer growth and financial performance [13] - The competitive landscape remains vibrant, with healthy competition driving better value and network improvements for customers [7] - Management raised guidance for total postpaid net customer additions to between 5.6 million and 5.9 million for the year [16] Other Important Information - T-Mobile completed the sale of its wireline assets to Cogent, which impacted Q2 results and is expected to have a full run rate impact starting in Q3 [19] - The company is on track to achieve approximately $7.5 billion in merger synergies for 2023, ahead of schedule [17] Q&A Session All Questions and Answers Question: Why did T-Mobile decide to reduce the buyback slightly? - Management clarified that the reduction is not a downtick but a programmatic view based on the remaining funds and time for the buyback program [23] Question: Any update on the spectrum option that DISH holds? - Management indicated that DISH has requested additional time to decide on exercising their option, and discussions are ongoing [28] Question: Would T-Mobile have an appetite for more mid-band spectrum? - Management confirmed that they are always on the lookout for opportunities to add capacity to their network, including mid-band spectrum [30] Question: How is T-Mobile thinking about the evolution of upgrades in the second half of the year? - Management noted that historically, the second half tends to have higher upgrade rates, especially with new product introductions [40] Question: What is the current status of fixed wireless broadband churn? - Management stated that churn has decreased for customers who have been with T-Mobile for a longer tenure, aligning with expectations [42] Question: How does T-Mobile view competition from cable providers? - Management highlighted improvements in porting ratios against cable and noted that T-Mobile continues to perform well despite increased competition [46]

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 June 30, 2023 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 jurisdiction of incorporat ...

T-Mobile US, Inc. (NASDAQ:TMUS) BofA Securities C-Suite TMT Conference Call June 20, 2023 11:30 AM ET Company Participants Peter Osvaldik - Executive Vice President and Chief Financial Officer Conference Call Participants David Barden - Bank of America Securities David Barden All right, everybody. Thank you very much. Batting cleanup for our C-Suite TMT Conference today is T-Mobile. We have with us Peter Osvaldik, the Chief Financial Officer of T-Mobile. Thank you all for joining us. I know we're competing ...

T-Mobile US, Inc. (NASDAQ:TMUS) 51st Annual J.P. Morgan Global Technology, Media and Communications Conference May 22, 2023 1:10 PM ET Mike Sievert - Chief Executive Officer Conference Call Participants Phil Cusick - J.P. Morgan Phil Cusick I want to welcome you to J.P. Morgan’s 51st Annual TMC Conference. My name is Phil Cusick, I follow the Communications and Media Space here. I want to welcome Mike Sievert, CEO of T-Mobile since 2020. Thanks for joining us. Mike Sievert Thanks, Phil. Phil Cusick And this ...

T-Mobile US, Inc. (NASDAQ:TMUS) SVB MoffettNathanson's Inaugural Technology, Media and Telecom Conference May 17, 2023 8:00 AM ET Company Participants Peter Osvaldik - Chief Financial Officer Conference Call Participants Craig Moffett - MoffettNathanson Craig Moffett Good morning everyone and thank you for joining us for the First Annual SVB MoffettNathanson TMT Conference. Thank you to those who are joining via the web as well. I am delighted to have T-Mobile with us this morning. This is I think that this ...

Financial Data and Key Metrics Changes - Q1 2023 saw a 6% year-over-year increase in postpaid service revenue, the best in the industry [16] - Core adjusted EBITDA rose by 9% year-over-year, with a margin increase of 270 basis points [16] - Free cash flow increased over 45%, reflecting strong financial performance [14][16] Business Line Data and Key Metrics Changes - T-Mobile added 287,000 postpaid account net additions, leading the industry [9] - Postpaid net additions reached 1.3 million, surpassing AT&T and Verizon combined [9] - High-speed Internet customers increased by 523,000, with expectations of surpassing competitors in broadband customer additions for the fourth consecutive quarter [13] Market Data and Key Metrics Changes - T-Mobile's prime customer base hit an all-time high, particularly in top 100 markets [12] - The company captured a win share of switchers in the upper 30s in smaller markets and rural areas [12] - T-Mobile's market share in households increased to 16.5%, exceeding the target set for 2025 [44] Company Strategy and Development Direction - The company continues to focus on profitable growth and expanding its network leadership, particularly in underpenetrated markets [9][11] - The recent "Phone Freedom" initiative aims to attract customers from competitors by offering more flexible plans [5][62] - T-Mobile is committed to maintaining a differentiated strategy that emphasizes customer value and network quality [11][41] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in raising full-year guidance based on strong Q1 results and ongoing customer demand [4][16] - The competitive environment remains challenging, but T-Mobile's unique strategy allows it to navigate effectively [41] - Management highlighted the importance of customer satisfaction and retention, particularly in the broadband segment [33] Other Important Information - The company repurchased 33 million shares for $4.8 billion in Q1, with a total of 59.4 million shares repurchased for $8.5 billion as of April 21 [17] - T-Mobile expects merger-related costs to be approximately $1 billion before taxes for 2023 [19] - The sale of wireline assets to Cogent is expected to close in early May, impacting revenue and expenses [21] Q&A Session Summary Question: Revenue per user and Go5G plans - Management discussed the incremental nature of new plans and their impact on ARPA, emphasizing the mix-driven nature of the metric [23][24][28] Question: Home broadband churn and fiber trials - Management reported high Net Promoter Scores for broadband services and decreasing churn rates as customer tenure increases [31][34] Question: Competitive environment and buyback strategy - Management characterized the competitive landscape as rational and expressed confidence in their ability to grow despite challenges [40][41][50] Question: Business market share and Phone Freedom impact - Management highlighted significant growth in business accounts and the positive reception of the Phone Freedom initiative, which is expected to enhance EBITDA [56][62]