“Wow – what a way to cap off 2017! Record financial results across the board and over five million customers added for the fourth year in a row,” said John Legere, President and CEO of T-Mobile. “Our business is clearly firing on all cylinders and our strong guidance for 2018 shows that we have no plans of letting up,” he said.
T-Mobile US reported record revenues and net income in Q4 and its best Q4 Adjusted EBITDA to date.
New Street Research market analyst Jonathan Chaplin wasn’t quite as breathless. “Financial results reported today were just okay, with ARPU and EBITDA a touch soft but FCF ahead,” he said. “Management always guides conservatively, and they exceeded the high end of initial guidance for both net adds and EBITDA this year. Consensus is in-line with the high-end of guidance, which is probably the right starting point. 2019 FCF guidance was increased very slightly (low end nudged up; high-end unchanged),” Chaplin said.
It’s been five years since T-Mobile launched ‘Un-carrier’ by declaring war on the wireless industry status quo in an effort to change industry practices on behalf of consumers. “The industry was stupid, broken, arrogant and treated customers like second class citizens,” Legere said. “Five years later, it’s clear that the Un-carrier movement has ushered in an era of change,” he said.
February 9, 2018