In the third quarter of 2016, T-Mobile added 2.0 million net customers, bringing its total customer count to more than 69 million.
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The company reported $9.2 billion in total revenues, up 17.8% YoY, and $0.42 EPS, up $0.27 YoY.
POST forecast was EPS of $0.22 and revenue of $9.5 billion.
T-Mobile expects to lead the industry in branded postpaid phone net additions for the 11th consecutive quarter. The company saw continued growth in branded postpaid phone customers with net additions of 851,000 in the third quarter of 2016.
The increase was primarily due to the introduction of the T-Mobile ONE plans, the launch of the iPhone 7 in the quarter, and an increase in branded prepaid customer migrations to postpaid plans. Branded postpaid net customer additions were 969,000 in the third quarter of 2016.
In addition to postpaid growth, T-Mobile continues to lead the industry in growing its prepaid business, which is fueled by a thriving MetroPCS brand. Branded prepaid net customer additions in the third quarter of 2016 were 684,000, which was the second best quarterly performance in company history.
T-Mobile is the only provider to grow both postpaid and prepaid for the past 13 quarters in a row. Wholesale net customer additions were 317,000 in the third quarter of 2016.
Service revenues for the third quarter of 2016 grew by 13% year-over-year, primarily due to continued growth in T-Mobile’s customer base. This is expected to mark the tenth consecutive quarter that T-Mobile has led the industry in year-over-year service revenue percentage growth.
T-Mobile’s total revenues for the third quarter of 2016 grew by 18% year-over-year, which is also expected to lead the industry for the thirteenth time in the past fourteen quarters. ■
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