After giving us a preview of its Q4 2017 results last month, T-Mobile this morning spilled all of the details of its most recent quarter. The net profit meanwhile advanced to Dollars 4.5 billion or USD 5.20, from 1.460 billion and 1.69 per share.
This number might sound familiar, but that is because T-Mobile US chose to purposely leak the gains a couple of weeks ago, but now it is official as the company reports its quarterly earnings.
Free cash flow rose 53% to $1.1B; net cash from operations rose 28.5% to $2.1B.
On the subscriber front, T-Mobile added 1.9 million net customer additions in the fourth quarter and 5.7 million for the year. Including the impact of the company's new revenue standard, adjusted EBITDA will increase by an additional Dollars 0.2-0.5 billion for a total range of USD 11.5-12.2 billion.
The Bellevue-based company added a net total of 1.9 million customers in the fourth quarter, its 19th consecutive quarter with more than 1 million net customer additions. "Our business is clearly firing on all cylinders and our strong guidance for 2018 shows that we have no plans of letting up". The T-Mobile 4G network does not cover every single customer as it stands, but the ones it does serve it serves well. A couple of weeks ago, Opensignal released its "State of Mobile Networks: USA" report for January with T-Mobile nearly taking a clean sweep of the awards for network performance.
For the full year, T-Mobile US reported $30.2 billion in service revenue, $40.6 billion in total revenues - both reflecting growth of more than 8% from 2016 - and net income of $4.5 billion.
AT&T and Verizon have already announced their 5G network plans for the current year by focusing on fixed wireless networks and mobile Internet. This is another area where T-Mobile doesn't seem to disappoint either.
T-Mobile touted its Un-carrier approach and its impact on the industry over the last five years. Legere said the build-out would accelerate in 2018 and that T-Mobile US expects to see more than dozen new smartphone models that support 600 MHz, in addition to the two that it now has.
-Revenue (Q4): $10.76 Bln vs. $10.23 Bln past year.