T-Mobile US jumps 10% after solid earnings beat: Q4 Report
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T-Mobile US (NASDAQ:TMUS)
is up 10% in early Thursday trading after the company released its fourth quarter's earnings above the market consensus with record high postpaid account additions.
Service revenue up 6% Y/Y to $15B; Total revenue of $20.79B (+2.2% Y/Y), missing consensus by $260M.

Postpaid net account additions of 315K in 4Q21 â 1.2M in full-year 2021, more than doubled year-over-year. Postpaid net customer additions of 1.8M during the quarter â 5.5M for full-year, exceeded guidance.
Q4 Core Adjusted EBITDA of $5.7B (+3% Y/Y). For full-year, it increased 16% Y/Y to $23.6B.
Net cash provided by operating activities was $3B while free cash flow more than doubled Y/Y to $1.1B in 4Q21.
GAAP EPS of $0.34 beats by $0.18.
The company incurred merger-related costs of $1.2B in 4Q21 and $3.1B in full-year 2021. Net of taxes, merger-related costs were $950M, or $0.76 per share, in 4Q21 and $2.3B, or $1.86 per share, in full-year 2021.
"Our industry-leading year-end results â adding 1.2 million postpaid accounts and 5.5 million postpaid customers, extending Ultra Capacity 5G to 210 million people â show that the Un-carrier is experiencing the greatest growth momentum in wireless," commented T-Mobile CEO Mike Sievert.

2022 Outlook: The company expects core adjusted EBITDA to be between $25.6-$26.1B to grow approximately 10% Y/Y at mid-point of guidance.
Net cash provided by operating activities to be in the range of $15.5-$16.1B to grow more than 10% Y/Y at mid-point.
Free Cash Flow is expected to be between $7.1-$7.6B, up over 30% Y/Y at mid-point of guidance.
Postpaid net customer additions are expected to be between 5M and 5.5M
Merger-related costs are expected to be between $4.5-$5B before taxes.
Earlier (Feb. 1): T-Mobile extends 5G leadership, secures additional mid-band spectrum