T-Mobile says Q4 trending ‘at least in line with’ prior view, ‘maybe better’

T-Mobile (TMUS) CEO Mike Sievert appeared at the UBS Global Media and Communications Conference and attended a fireside chat with UBS’s John Hodulik yesterday. “Sievert expressed confidence in the company’s full-year guidance, with a strong holiday Q4 season, sharing that switching, which remains as robust as ever, continues to offer an enormous opportunity for T-Mobile. At the conference Sievert had shared that the company expects to deliver on its full year postpaid phone net additions guidance of 3 million, and full year postpaid ARPA growth of around 3%,” the company stated. “It was great to be back at UBS sharing my continued optimism around T-Mobile’s growth plans and that our Q4 and year are very much on track. My comments explaining normal seasonal trends in Q4 were misinterpreted by one media outlet as a warning, so I want to make sure there is no investor confusion. To be clear, our Q4 is trending at least in line with prior expectations, maybe better. We continue to expect to deliver about 3 million postpaid phone net additions for the year, or more. Q3 was a fantastic growth quarter for T-Mobile and our growth momentum continues in Q4,” said Sievert. The company added that some of the reiterated multi-year expectations include: T-Mobile continues to expect to deliver industry-leading customer growth; Industry-leading service revenue growth, Adjusted EBITDA growth, and Adjusted Free Cash Flow conversion; Business plan supports ~$80B in capacity for investments and shareholder returns through 2027.