T-Mobile may only be America's third-largest wireless carrier, but the company continues to remain the fastest-growing major network in the country by a distance. Meanwhile, the company's flamboyant, outspoken and often controversial CEO may be in the habit of landing himself and his company in hot water every now and then with his extraordinary statements, but he must be doing something right as the company continues to add millions of new users every quarter, in contrast to its bigger and more well-entrenched rivals like Verizon and AT&T. T-Mobile posted its Q1, 2016 results earlier today, revealing as many as 2.2 million net subscriber adds in the first three months of this year, including over 1 million new postpaid customers. The company claims that this was the seventh quarter in a row that it managed to get over 1 million new postpaid subscribers.
The numbers look good any which way one looks at them, but attain even more significance when one looks at Verizon's Q1 results, which reported only 64,000 net postpaid adds during the same period. Sprint and AT&T are yet to disclose their Q1 results, although the former is slated to do that later today. As for T-Mobile, its consolidated revenues are up 10.6% YoY to $8.6 billion, while its service revenues are up 13% YoY at $6.6 billion. The company's net income came in at $479 million during the quarter, which equates to an EPS (Earning per Share) of $0.56. The company is also reporting a $46.21 branded postpaid ARPU, which it says is "generally stable" on both QoQ and YoY basis, "after adjusting for Data Stash".
What is also of note for investors is that the carrier says it expects its net postpaid subscriber additions this year to rise to 3.2 million, as opposed to its previous guidance of 2.4 million. The company also says that it expects its overall earnings this year to be in the region of around $9.7 billion, which is also a significant increase from the $9.1 million it had estimated earlier. So even as Mr. Legere remains a bit of an acquired taste for many industry watchers, market analysts and mainstream consumers, the company he's in charge of seems to be going from strength to strength of late.