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T-Mobile Q2 2016 Results Show a Steady Quarter

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Earlier today, T-Mobile released the results of their Q2 2016 earnings. And these results show that T-Mo had another steady quarter.

Based on the results, the Un-Carrier was able to add 1.9 million customers in the second quarter of the year. The results from this quarter marks the 13th consecutive quarter where T-Mobile has been able to add over 1 million customers. The number is falls short of reaching a total of 2 million new customers but still, 1.9 million in three months is pretty impressive.

From the 1.9 million, T-Mobile was able to add 890,000 to branded postpaid services and 476,000 to branded prepaid. The churn rate for branded postpaid was 1.27 percent, which is less than the 1.32 percent from last year's quarter results. Meanwhile, the carrier was able to sell and lease 8.9 million devices during the quarter; 8.1 million of which are smartphones.

T-Mobile closed Q2 2016 with a total of 67.4 million customers, a number that has gone up from Q2 2015's 58.9 million customers. 

As for its financial figures, T-Mobile was able to bring in a revenue of $9.2 billion, an increase from Q2 2015's $8.2 billion. The net income however, dropped to $225 million from last year's $361 million.

Speaking on behalf of its network, T-Mobile shares that their 4G LTE service now manages to reach 311 million people, a number that has increased from the 308 million in Q1 2016 and 290 million in Q2 2015. Extended Range LTE has grown to over 200 million POPs in 350 markets, while Wideband LTE has a reach of 224 million people. According to T-Mobile, VoLTE calls now cover 57 percent of total voice call minutes, an increase of 16 percent from Q2 2015.

T-Mobile has agreed to acquire 700MHz A-Block spectrum in the Q1 and Q2 2016. With this spectrum, T-Mo will have a wider reach thanks to the 59 million POPs that include cities like Salt Lake City, Chicago, Nashville, and Columbus. The agreement is expected to close by the second part of the year. Afterwards, the carrier intends to roll out an extra 700MHz sites in Phoenix, Las Vegas, San Diego, and San Francisco.

As for T-Mobile Tuesdays, CEO John Legere announced that the app has obtained almost five million downloads. Legere shares that the app has received eight million clicks to redeem the offers they made available.

To further discuss its earnings, T-Mobile has set a call today at 10:30 AM ET.


Source: TMONews

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13 comments:

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  1. When is VUDU coming back?

    ReplyDelete
    Replies
    1. Did it go away? According to Binge On | T-Mobile Support, Vudu is currently included is Binge ON. If you are on a Simple Choice Unlimited LTE plan you also get one free Vudu movie rental per month.

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    2. Dennis,

      I think the previous comment was referring to the $5.50 Vudu credit offer in the T-Mobile Tuesdays app. It was not an offer this week.

      Delete
  2. I gotta admit that with a network less than stellar, they have fully utilized media to their advantage. I gotta give them credit for that.

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  3. Less than two clicks per download.

    Impressive!

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  4. EVERY network is less than stellar for someone

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    1. I should have clarified, their network is less than stellar in terms of their poor nationwide coverage. That is less than stellar to anyone with US coverage maps available to see when comparing with other networks like Verizon and AT&T.

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    2. T-Mobile is great for a majority of Americans if they stick rather close to home, and are pretty careful where they attempt to use their phone when they travel. That's a fair assessment.

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    3. I'm glad it works for a good amount of Americans. When it doesn't work for me, it is less than stellar. That's a fair assessment.

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    4. The iPhone is less than stellar for me. That's a fair assessment.

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  5. We got 2 MetroPCS phones in late June to get the 2 lines for $60 with 6GB LTE each.
    We see very fast download speeds even in Rio Grande Puerto Rico for a week on vacation as well as in suburban NY, Middle NJ, and into Connecticut. Very pleased with the TMobile network MetroPCS uses.

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  6. Now if only their single-line plans could beat the price of Cricket's group plans.

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    Replies
    1. They'd need to be somewhat lower than the Cricket prices to be competitive, to make up for being on the worse (much smaller) network.

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