Home & Office

T-Mobile tops Q3 targets with 1.6 million net customer additions

T-Mobile's postpaid churn also came in at 1.02 percent, a record third-quarter low for the company.
Written by Natalie Gagliordi, Contributor

T-Mobile added 1.6 million net additions with 1.1 million postpaids during the third quarter. The wireless carrier, which is planning to merge with Sprint, said third quarter earnings were $795 million, or 93 cents a share, on revenue of $10.8 billion, up 8 percent from a year ago.

Wall Street was looking for second quarter earnings of 85 cents a share on revenue of $11.3 billion.

Also: T-Mobile launches T-Mobile One Military and other initiatives for those who served

T-Mobile's postpaid churn also came in at 1.02 percent, a record third-quarter low for the company.

We continue to drive our business beyond expectations and despite the work underway to close the merger, we delivered our best financials ever in Q3," said CEO John Legere, in prepared remarks. "Our customer growth accelerated again, benefiting from the investments we are making in network and in customer experience, leading to 22 quarters in a row with more than 1 million net customer additions."

Also: The first Android phone was an ugly thing, and I loved it CNET

By the numbers:

  • The company ended the quarter with 77.2 million customers.
  • Average revenue per user on a branded postpaid phone basis in the second quarter was $47.53, down 1.2 percent from a year ago.
  • T-Mobile added 774,000 branded postpaid phone net additions.
  • The company added 35,000 branded prepaid additions.
  • Service revenue in the third quarter was $8.1 billion, up 6 percent.
  • T-Mobile said it covers 324 million people with 4G LTE and is targeting 325 million by year end.
  • For 2018, T-Mobile said it plans to add 3.8 million to 4.1 million branded postpaid net customers. Adjusted EBITDA will be between $11.8 billion and $12 billion, up from the company's previous range.

Also: 17 ways to recycle or sell your smartphone TechRepublic

T-Mobile shares were up more than 3 percent after hours.

Work by phone: 11 best smartphones for business users

Previous and related coverage:

Want a new iPhone or Android smartphone? Here's how to sell or trade

The new Samsung Galaxy Note 9 was just announced and we expect three new iPhones and two Google Pixel phones to launch soon. Now is the time to consider selling your current one before market prices drop or plan to participate in a trade-in program.

10 best smartphones of 2018

he major smartphone launch season is upon us and one of the first out of the gates is the Samsung Galaxy Note 9, immediately taking over the top spot in our list of best smartphones.

Best Wearable Tech for 2018 CNET

Our editors hand-picked these products based on our tests and reviews. If you use our links to buy, we may get a commission.

The best tablets for 2018: Our top picks TechRepublic

Tablet sales may be declining, but there are still plenty of viable use cases and many models to choose from. Here's our pick of the best.

Editorial standards