T-Mobile reports Q2 EPS $2.49, consensus $2.28

Reports Q2 revenue $19.77B, consensus $19.55B. Postpaid net account additions of 301 thousand increased 2 thousand year-over-year. Postpaid net customer additions of 1.3 million decreased 223 thousand year-over-year. Postpaid phone net customer additions of 777 thousand increased 17 thousand year-over-year. Postpaid phone churn of 0.80% increased 3 basis points year-over-year. Prepaid net customer additions of 179 thousand increased 55 thousand year-over-year. Prepaid churn of 2.54% improved 8 basis points year-over-year, inclusive of the impact of the Ka’ena acquisition. High Speed Internet net customer additions of 406 thousand decreased 103 thousand year-over-year. T-Mobile ended the quarter with 5.6 million High Speed Internet customers. Total net customer additions of 1.5 million decreased 168 thousand year-over-year. Total customer connections increased to a record high of 125.9 million. “It was another industry-leading quarter for T-Mobile as our continued focus on delivering customers more value and a superior network experience enabled us to outperform our peers in the marketplace and translated into outsized financial growth. Our formula is continuing to work and we’ve got a lot of room to run including pursuing new growth opportunities that bring the Un-carrier experience to more customers and new markets. This incredible momentum makes us even more excited for what’s next for T-Mobile, and our confidence is reflected in our raised guidance for the full year ahead,” said Mike Sievert, CEO of T-Mobile.