Categories Earnings, Technology

T-Mobile US (NASDAQ: TMUS): Q4 2019 Earnings Snapshot

–Telecom firm T-Mobile US Inc. (NASDAQ: TMUS) reported earnings of $0.87 per share for the fourth quarter of 2019, vs. $0.83 per share expected.

— Net income was $751 million, compared to $640 million in the fourth quarter of 2018

— December-quarter revenues grew 3.8% annually to $11.88 billion, vs. $11.83 billion expected

— Service revenues increased 6% year-over-year to a record high of $8.7 billion

— Total net additions came in at 1.9 million; branded postpaid phone net additions were 1 million

— Branded postpaid net additions were 1.3 million, while branded prepaid net additions came in at 77,000

— During the quarter, launched the first nationwide 5G network, utilizing 600 MHz spectrum

— Expects branded postpaid net additions to be in the range of 2.6 million to 3.6 million in fiscal 2020

— The estimate for full-year adjusted EBITDA is between $13.7 billion and $14.0 billion

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