T-Mobile US beats by $0.20, misses on revs
- Reports Q4 (Dec) earnings of $0.34 per share, $0.20 better than the S&P Capital IQ Consensus of $0.14; revenues rose 2.2% year/year to $20.79 bln vs the $21.05 bln S&P Capital IQ Consensus.
- Adjusted EBITDA was $6.3 billion in Q4 2021 and $26.9 billion in full-year 2021, and Core Adjusted EBITDA increased 3% year-over-year to $5.7 billion in Q4 2021 and increased 16% year-over-year to $23.6 billion in full-year 2021.
- Postpaid net customer additions of 1.8 million in Q4 2021 - 5.5 million in full-year 2021, exceeded guidance.
- Postpaid phone churn was 1.10% in Q4 2021, as the company ramped up its Sprint customer integration, and 0.98% in full-year 2021.
- Prepaid churn was 3.01% in Q4 2021 and 2.83% in full-year 2021.
- FY22 guidance:
- Core Adjusted EBITDA, which is Adjusted EBITDA less lease revenues, is expected to be between $25.6 billion and $26.1 billion, up approximately 10% year-over-year at the mid-point.
- Net cash provided by operating activities is expected to grow more than 10% year-over-year and Free Cash Flow is expected to grow more than 30% year-over-year at mid-point of guidance.
- Postpaid net customer additions are expected to be between 5.0 million and 5.5 million, expecting to lead the industry for the 8th consecutive year.
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