Why T-Mobile US (TMUS) Shares Are Trading Higher Today - T-Mobile US (NASDAQ:TMUS)

T-Mobile US, Inc (NASDAQ:TMUS) reported a second-quarter FY22 revenue decline of 2.1% year-on-year to $19.70 billion, missing the consensus of $20.11 billion. EPS loss of $(0.09) may not be comparable to the consensus of $0.28.
Service revenues of $15.3 billion grew 6% Y/Y, including Postpaid service revenue growth of 9%.
T-Mobile added 380 thousand postpaid net accounts and 1.7 million postpaid net customer additions, more than AT&T (NYSE:T) and Verizon (NYSE:VZ) combined and the highest Q2 ever. T-Mobile added 723 thousand postpaid phone net customer additions.
T-Mobile added 560 thousand high-speed internet net customers.
Core Adjusted EBITDA of $6.6 billion grew 10% Y/Y.
T-Mobile generated $1.8 billion in free cash flow.
2022 Outlook: T-Mobile raised the Sprint merger synergies guidance range from $5.2 billion - $5.4 billion earlier, to $5.4 billion - $5.6 billion.
T-Mobile raised the Postpaid net customer additions outlook from 5.3 million - 5.8 million to 6.0 million - 6.3 million.
T-Mobile raised the free cash flow outlook from $7.2 billion - $7.6 billion to $7.3 billion - $7.6 billion.
Price Action: TMUS shares traded higher by 3.43% at $138.50 in the premarket on the last check Wednesday.
Photo via Wikimedia Commons

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