T-Mobile US GAAP EPS of $0.57 beats by $0.20, revenue of $20.12B in-line
T-Mobile US press release (NASDAQ:TMUS): Q1 GAAP EPS of $0.57  beats by $0.20.
Revenue of $20.12B (+1.6% Y/Y) in-line.
Shares +2% PM.
Postpaid net account additions of 348 thousand, best in industry and record Q1
Postpaid net customer additions of 1.3 million, best in industry and highest Q1 in eight years

Postpaid phone net customer additions of 589 thousand, including best churn improvement in industry
High Speed Internet net customer additions of 338 thousand, best in industry and record high

Raising 2022 Guidance Across the Board

Postpaid net customer additions are expected to be between 5.3 million and 5.8 million, an increase from prior guidance of 5.0 to 5.5 million.
Core Adjusted EBITDA, which is Adjusted EBITDA less lease revenues, is expected to be between $25.8 billion and $26.2 billion, an increase from prior guidance of $25.6 to $26.1 billion.
Merger-related costs are expected to be between $4.5 billion and $5.0 billion before taxes. These costs are excluded from Core Adjusted EBITDA but will impact Net income, Net cash provided from operating activities and Free Cash Flow.
Net cash provided by operating activities, including payments for Merger-related costs, is expected to be between $15.7 billion and $16.1 billion, an increase from prior guidance of $15.5 to $16.1 billion.
Cash purchases of property and equipment, including capitalized interest, are expected to be between $13.2 billion to $13.5 billion, an increase from the prior guidance of $13.0 to $13.5 billion as T-Mobile continues its accelerated build-out of its nationwide 5G network.
Free Cash Flow, including payments for Merger-related costs, is expected to be between $7.2 billion and $7.6 billion, an increase from prior guidance of $7.1 to $7.6 billion.