CLAIM #56931 · T-Mobile US Inc (TMUS) · 2023Q3 earnings call · Oct 25, 2023 · due Dec 31, 2023
“We now expect total postpaid net customer additions to be between 5.7 million and 5.9 million, up 50,000 at the midpoint.”
Peter Osvaldik · CFO
In context
“our business, to drive further revenue growth, margin expansion, and free cash flow growth that will allow us to fund our growth investments in our customers and network, as well as provide the potential for substantial ongoing shareholder returns. This amazing customer-loving team continues to perform beautifully with so much exciting potential ahead, showing why it's not just a tagline when we say that for customers, employees, and investors alike, it's better over here at T-Mobile. Okay, Peter, over to you to talk about our key financial highlights and an update on our guidance. Peter Osvaldik: All right. Thanks, Mike. Our ongoing delivery of best-in-class customer and financial growth quarter after quarter enables us to increase our guidance once again. So let's jump into the details. We now expect total postpaid net customer additions to be between 5.7 million and 5.9 million, up 50,000 at the midpoint. This reflects continued progress across all our core growth initiatives, partially offset by the deactivation of lower ARPU postpaid other data devices in the education sector, the largest of which arose during Q3. As you know, our ability to uniquely solve customer pain points led to significant connection growth in the educational sector during the pandemic, supporting the rapid need for remote learning solutions. As things are increasingly returning to normal, we had anticipated many of these connections to roll off in 2023 and do not expect the deactivation of these educational connections to have any material impact to service revenue looking forward. Included in the 5.7 million to 5.9 million is our expectation of approximately 3 million postpaid phone net additions for the full yea”
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SEC filings for TMUS ↗ · Claim quote is verbatim from the 2023Q3 earnings call.