T-Mobile Q3 2016: 2 Million Net Adds & 1.32% Churn

It's time for the various third quarter earnings calls, and T-Mobile has put out a glowing report that highlights another very good quarter in what has thus far been a very good year for them, despite controversies over net neutrality and butting heads with the FCC. In a year that has so far been punctuated by the launch of T-Mobile Tuesdays and an insane amount of network capital expenditure, the Un-Carrier has managed to outdo themselves for their third quarter earnings call with a stellar 2 million net adds, among other overwhelmingly positive figures. Top-ranking LTE speeds ensure that this quarter also continue's T-Mobile's record of stellar speed scores for 11 consecutive quarters now.

Among the aforementioned 2 million net adds, T-Mobile managed to score 851,000 postpaid net adds, making them the leader in this highly sought-after category for the 11th straight quarter. They pulled down 684,000 net adds on the prepaid side of things. Their total postpaid churn for the quarter was 1.32%, down a bit year-on-year. The stellar prepaid number was actually the 2nd best quarter for prepaid net adds that the company has ever had. This also marks the 14th quarter in a row that T-Mobile has managed to score 1 million or more total net adds.

Financially, things are looking pretty good for Magenta, as well. They posted $9.2 billion in total revenue for this quarter, up 17.8% year on year. Service revenue, meanwhile, is up 13.2% year on year and is sitting pretty at $7.1 billion. This makes T-Mobile the industry leader in service revenue growth for the tenth straight quarter. Their fairly impressive $366 million net income figure is up a whopping 165% year-on-year, with $122 million of that being in spectrum gains. Their adjusted EBITDA, or earnings before taxes, interest and depreciation, is up 37.8% year-on-year at $2.6 billion for the quarter. This whole thing puts their cumulative earnings per share at a pretty decent 42 cents, which is up 27 cents year-on-year. Analysts have picked up on the growth pattern, and the outlooks for T-Mobile's future net adds, EBITDA, and capital expenditures are all a bit higher, and in a narrower spectrum than before the quarterly report came out. CEO John Legere summed up the phenomenal quarter, saying, "The Un-carrier is delivering..."

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Daniel Fuller

Senior Staff Writer
Daniel has been writing for Android Headlines since 2015, and is one of the site's Senior Staff Writers. He's been living the Android life since 2010, and has been interested in technology of all sorts since childhood. His personal, educational and professional backgrounds in computer science, gaming, literature, and music leave him uniquely equipped to handle a wide range of news topics for the site. These include the likes of machine learning, voice assistants, AI technology development, and hot gaming news in the Android world. Contact him at [email protected]