T-Mobile Q2 2014: 1.5 million net adds, hits 50 million subscribers

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T-Mobile has just published its Q2 financial report and it makes for good reading. Just as analysts had predicted recently, T-Mobile remains the fastest-growing wireless company in the States. T-Mo didn’t quite reach the heights of 2.4 million net adds reached in Q1, but another quarter with over 1 million net subscribers added is impressive.

In Q2 T-Mo’s net adds reached 1.5 million, making it the 5th consecutive quarter it’s achieved more than 1 million total net additions. Of those, 579k were branded postpaid, 102k were branded prepaid while a record 329k were mobile broadband customers. More importantly, it now means T-Mo has broken the 50 million customer mark with a total of 50.5 million subscribers.

“We have completely reversed T-Mobile’s trajectory and started a revolution that is changing the rules in wireless,” said John Legere, President and CEO of T-Mobile. “Now — with more than 50 million customers, 1.5 million customers added this quarter and 5 quarters in a row of over 1 million net new customers — we are proud to be the fastest growing wireless company in America, with the fastest 4G LTE network and, just this morning, recognized for having the best Customer Service nationwide.”

What this all adds up to is a hugely impressive 7.1% service revenue growth year-on-year for Q2, and a total revenue growth of 8%. Magenta sold an admirable 6.2 million phones, of which 93% were smartphones. And good news for consumers: average revenue per user has dropped to $49.32 per month thanks to the continue popularity of Simple Choice.

To read the full report, head on over to T-Mobile’s investors page. The live conference call is set to begin at 8:30am this morning.

 

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  • Verizonthunder

    Awesome my boyfriend was one of those who left Verizon for T-Mobile and loves his new LG G3

    • Cam Bunton

      Nicely done. G3 is a great device, made even better on the greatest carrier, right? ;-)

      • Verizonthunder

        He likes the service but I tried to inform him about the 700mhz but he had enough with Verizon so he broke his contact. As for his smartphone he loves it the power, speed and quality. He has no idea I purchased him a vintage black leather wallet case made just for his LG G3.

        • Danny Lewis

          You sound like an awesome SO!

        • Verizonthunder

          Well doing research helps and he trust my research also. LG is the true innovator and I cannot wait to see the next generation LG G flex which I am currently rocking

      • Bryan Pizzuti

        Well, it would be nicer if they’d enable VoLTE on it, don’t you think?

        Not being a hater, I own one myself. Which is why I want them to enable VoLTE. And Band 12 would be nice too…

  • Holdthestock

    Let’s not overlook #1 customer service also….the results are out from JD POWER

    • Cam Bunton

      That’s in a different article. ;-)

      • Holdthestock

        Haha… Ur Brilliant… It deserves it’s own anyway. thanks :-)

        • Singleweird

          WHAA?!?! link!!!

  • vrm

    Let us hope this silences sprint fanboys about “profit” and how t-mobile cannot achieve it without sprint.

    • Fabian Cortez

      Yeah they’re pretty bad.

    • Matt

      Not really trying to rain on the parade, but it doesn’t appear to be sustained profit. +.48 cents a share, but +.90 cents a share of that came from spectrum deal. That won’t happen every quarter.

      • vrm

        as soon as they turn off all of the CDMA n/w AND move all metroPCS to tmobile n/w, that action alone nets them 500 million/year (or QTR, don’t remember it was in a previous QTR CC).

      • randomnerd_number38

        T-Mobile got money from the spectrum deal? I need to read this report more closely.

  • Oliver Jackson

    My brother’s contract is up from Sprint and he’s coming to TMobile. Couldn’t be at a better time,3 years for me and loving it since Galaxy S3, Note 2 and currently Note 3 and will be getting the Note 4.

    Sprint can crawl back in a hole as far as I’m concerned.

    • Fabian Cortez

      They pay ETFs…

      • yeah right

        Yeah but if your contract is about to end its simpler to wait it out.

  • sushimane

    my prediction was right its not 2 million but its a positive keep it up tmobile.

  • Jay Holm

    How close is T-Mobile to taking the #3 spot from Sprint?

    • Verizonthunder

      In the rate T-Mobile is gaining customers and sprint bleeding customers I’ll say in two quarter’s.

      • Jay Holm

        Oh, what’s Sprint at currently, 53m or so?

        • Verizonthunder

          Sprint has 53 million subscribers

        • Jay Holm

          It’s amazing that after 7yrs of bleeding customers that they even have that many!

  • UMA_Fan

    Great news. I think we’ll see T-Mobile grow for some time. Of all these new customers they are adding I would say the majority of them have positive word of mouth about T-Mobile. The network is getting better and better which will result in even more people switching over.

    • DirkDigg1er

      JL and company using wireless plans as relationships was genius and it’s paying off.

  • Bud

    DT, please back up T-mobile usa!

    • Singleweird

      ??

  • Bryan Pizzuti

    The DOJ and FTC see this and they’re going to veto any SprinTmo merger.

    Good.

    • sidekicker89

      THANK YOU! Totally agree!

  • zeiferx

    sure all this looks fantastic but…. i gotta say im loving tmobile for all of whats doing but coverage has to speed up.
    lately in my area service has gone south. data stalling, way too many drop calls. VoLTE work but with a lot of faults and way too many 2g zones in an area where you should at least be 80% 3G (northern NJ/NY area).
    i got 19 lines to come to tmobile from relatives and friends but now all of them are thinking on leaving again due to service issues, at first all was great but lately tmo has not been reliable to them. im telling them its because of the upgrade but even im thinking about leaving. Tmo need to speed up the upgrades and get it together and fix the performance issues just as fast as the speed they are growing.

    • Jose Hernandez

      Have any of you contacted T-Mobile to let them know about it? I had the same issues in the Orlando area, work in the area caused service to be unreliable. I contacted them and within 2 days everything was back to normal with the service being reliable again and then I saw an improvement in the next 3-5 days.

      • zeiferx

        actually i have but no luck yet. im going to give them another call and see what happens. because its so much different than when the uncarrier movement started.

    • Singleweird

      weird. my service has gotten only faster, clearer and stronger. speeds have doubled in downtown Denver but I can only assume that was because of our 20×20 upgrade.

    • DirkDigg1er

      I experienced similar network woes in NYC. It may be a sign of things to come. Tmo is growing fastest than they can maintain network. If you are going to upstate and rural areas or family on your lines are spread far apart you may want to test another carrier.

  • Dakota

    How is that iPhone network test program doing? How many have taken advantage and what percentage then sign up with Tmobile amd/or buy a device. Have they ever released those numbers?

    • Adrayven

      I would love to hear about that too..

    • Singleweird

      12,000 took advantage in the first couple of days that it was available, but we have no other info :(

    • izick

      In my household it’s 1 and 100%, respectively.

  • Jay J. Blanco

    That’s awesome

  • KingCobra

    BGR is reporting that with the latest gains and Sprint’s loss of 248K customers, T-Mobile has surpassed them to become the 3rd largest carrier. Can anyone else confirm?

    • DirkDigg1er

      If this were true, Bloomberg & Co. would have been the source.

    • Ordeith

      BGR kinda invents their own reality…

      • DirkDigg1er

        *trolls reality

  • Ashton3002

    I like tmobile but too bad I would lay less with AT&T and their coverage isn’t really up to par as far as traveling goes…maybe sometime next year