CLAIM #57031 · T-Mobile US Inc (TMUS) · 2024Q2 earnings call · Jul 31, 2024 · due Dec 31, 2024
“We continue to expect our full year postpaid ARPA to be up to 3% higher year-over-year, and our industry leading service revenue growth to accelerate at a higher rate in 2024 than we delivered in 2023.”
Peter Osvaldik · CFO
In context
“ch is net of the reduction in wholesale revenues and also resulted in a small benefit to core EBITDA as the revenue was largely offset with SG&A expenses as we made additional investments into the business to drive customer growth. All right, let me shift to an update on our expectations for the remainder of 2024. Starting with customers, we are excited to raise our total postpaid customer net additions to now be between 5.4 million and 5.7 million, up 150,000 at the midpoint relative to our prior guide. We now expect the total postpaid phone net customer additions component to be approximately half of our total postpaid additions, up from our expectations last quarter, and as part of that, we anticipate normal seasonal postpaid phone churn trends in the second half, as we saw a year ago. We continue to expect our full year postpaid ARPA to be up to 3% higher year-over-year, and our industry leading service revenue growth to accelerate at a higher rate in 2024 than we delivered in 2023. We now expect our core adjusted EBITDA to be between $31.5 billion and $31.8 billion for the full year unchanged at the midpoint, which is up 9% year-over-year. This includes our latest estimate on the impact of ACP, as well as funding our higher postpaid customer guide. On ACP, we now expect the year-over-year impact to be in the range of $350 million to $450 million, driven primarily by what we're seeing at some of our wholesale providers. Okay, turning to cash CapEx, we now expect to be between $8.7 billion and $9.1 billion as we continue to invest and lead in network performance with unmatched capital efficiency. While our longer-term expectations continue to be in the $9 billion to $10 billion range annually, as we discussed before, 2024 is a bit lower given certain capital efficient”
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SEC filings for TMUS ↗ · Claim quote is verbatim from the 2024Q2 earnings call.