T-Mobile US Inc. (TMUS) reported that its third-quarter loss widened to $94 million from $36 million in the same quarter last year. The wider loss partially due to higher MetroPCS business combination costs due to the shutdown of the CDMA portion of the MetroPCS network in Boston and Las Vegas.
On a per share basis, net loss was $0.12 compared to a loss of $0.05 in the prior year.
Quarterly total revenues rose to $7.35 billion from $6.69 billion in the prior year.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.02 per share and revenues of $7.42 billion for the quarter. Analysts' estimates typically exclude special items.
T-Mobile continues to deliver strong customer growth and ended the third quarter of 2014 with 52.9 million total customers, an increase of 2.3 million total customers from the end of the second quarter of 2014 and 10 million total customers over the last 6 quarters. With 1.8 million branded net customer additions in the quarter, the Company grew its branded customer base at a record pace. Branded postpaid net customer additions were 1.4 million, including 1.2 million phone net additions, more than double the growth in the second quarter of 2014, and 204,000 mobile broadband net additions.
T-Mobile expects to drive further momentum while continuing to invest in profitable growth. With the success of its Simple Choice plans and the continued evolution of the Un-carrier strategy, branded postpaid net customer additions for 2014 are now expected to be between 4.3 and 4.7 million, up significantly from the prior guidance of 3.0 to 3.5 million.
For the full year of 2014, T-Mobile expects Adjusted EBITDA to be in the range of $5.6 billion to $5.8 billion, unchanged from the prior guidance. Given the expected customer growth momentum, the Company anticipates an Adjusted EBITDA at the very low end of the range.
Cash capital expenditures are expected to be in the range of $4.3 billion to $4.6 billion, unchanged from prior guidance.
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