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T-Mobile profit falls but revenues rises

Aug. 08, 2013 3:27 AM ETT-Mobile US, Inc. (TMUS) StockTMUSBy: Yigal Grayeff, SA News Editor
  • T-Mobile US (NASDAQ:TMUS): Q2 adjusted EBITDA -16% to $1.1B.
  • Revenue +27.5%, boosted by the inclusion of MetroPCS results for May and June this year, and by higher equipment revenues due to record smartphone sales.
  • On a pro forma basis, including MetroPCS, adjusted EBITDA -30% to $1.3B, mainly due to higher promotional costs.
  • Service revenue +8.6%.
  • Added 685,000 contract customers in Q2 vs consensus of 140,000.
  • Expects 2013 pro forma adjusted EBITDA of $5.2-5.4B, and cash capex of $4.2-44B. (PR)

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