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Mobile Reports 1.1M Net Postpaid Additions in Q4

10 February 2018

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. This quarter saw service revenues up 7.1% to $7.8 billion, total revenues up 5.1% to $10.8 billion and net income of $2.7 billion.

For the full year, service revenues rose 8.3 percent to Dollars 30.2 billion, while total revenues lifted 8.3 percent to 40.6 billion.

In Q4, the operator added 1.854 million net new customers, including 891,000 million branded postpaid phone net customer additions and 149,000 branded prepay. T-Mobile added 5.7 million new customers during all of 2017. Total revenues at $10.8 billion in the quarter, an increase of 5.1%.

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Meanwhile, postpaid branded churn fell 10 basis points year-over-year to finish at 1.18 percent and branded prepaid churn finished at 4.00 percent, up 6 basis points year-over-year. The total base reached 72.585 million customers.

"We made incredible progress in 2017 building out our network and retail footprint to set ourselves up for future growth", CEO John Legere said in a statement.

T-Mobile today also gave us an update on its network.

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T-Mobile, which covered 322 million people with 4G LTE at the end of 2017, said it would be targeting 325 million people across 2.5 million square miles by the end of 2018. Finally, using its 600 MHz spectrum holdings, T-Mobile US will seek to deploy the country's first nationwide 5G network by 2020. This is another area where T-Mobile doesn't seem to disappoint either.

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.

T-Mobile (NASDAQ:TMUS) is 1.4% lower premarket after revenues came up slightly short of consensus in Q4 earnings with other operational numbers generally in line. Two 600 MHz compatible devices were available for the 2017 holiday season; a dozen compatible smartphones will be rolled out this year.

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T-Mobile delivered another strong quarter as it continued to gobble up customers, but the outlook may indicate that its Un-carrier momentum can't last forever.

Mobile Reports 1.1M Net Postpaid Additions in Q4