T-Mobile Raises Customer Growth Outlook After Strong Subscriber Additions

T-Mobile US Inc. (NASDAQ: TMUS) raised its full-year customer growth forecast after posting third-quarter subscriber additions that surpassed expectations, helped by bundled mobile and streaming plans.

The Bellevue-based carrier added 1.01 million postpaid phone customers during the quarter — its highest total for the period in more than a decade — as aggressive offers combining mobile service with Netflix and Apple TV+ drew new users.

T-Mobile now expects full-year postpaid net customer additions of 7.2 million to 7.4 million, up from its previous projection of 6.1 million to 6.4 million.

The company also raised its guidance for core adjusted EBITDA to between $33.70 billion and $33.90 billion, compared with its earlier forecast of $33.3 billion to $33.7 billion.

For the quarter ended September 30, revenue climbed 8.9% year-over-year to $21.96 billion, narrowly missing expectations of $21.98 billion. Adjusted core profit increased 5.3% to $8.68 billion, above the consensus estimate of $8.62 billion.