T-Mobile US "Kills It" in Fourth Quarter 2014
The quip by John Legere, T-Mobile US CEO that “we killed it” pretty much sums up T-Mobile US fourth quarter 2014 results. Adjusted earnings (EBITDA) of $1.8 billion, up 41 percent, beat analyst expectations of $1.62 billion.
Service grew 13.6 percent year over year in the fourth quarter, and were up nine percent in 2014, compared to 2013.
Total revenues were up 19 percent in the fourth quarter and stronger by 13 percent annually.
In fact, T-Mobile US it won nearly 80 percent of industry postpaid phone growth in the fourth quarter,and nearly 100 percent of phone account net growth in 2014. That could happen because AT&T and Verizon account growth is substantially driven by tablet account additions.
T-Mobile US added 2.1 million net new accounts, including 1.3 million branded postpaid accounts.
In 2014, T-Mobile US added 8.3 million net accounts to end with 55 million total. Of the total branded postpaid net adds in 2014, T-Mobile US added more than four million phone net adds and 0.8 million mobile broadband accounts.
Branded postpaid average billings per user grew 5.1 percent to a record $61.80. Branded postpaid phone average revenue per user was $48.26.
T-Mobile US expects to add another 2.2 million to 3.2 million net branded postpaid accounts in 2015.