T-Mobile US, Inc. (TMUS) Q1 2023 Earnings Call Transcript

For the period ending March 31, 2023

April 27, 2023 4:30 p.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good afternoon. I would now like to turn the conference over to Mr. Jud Henry, Senior Vice President, Head of Investor Relations for T-Mobile US. Please go ahead, sir.

Jud Henry - SVP and Head-IR

All right. Welcome to T-Mobile’s First Quarter 2023 Earnings Call. Joining me on the call today are Mike Sievert, our President and CEO; Peter Osvaldik, our CFO; as well as other members of the senior leadership team.

During this call, we will make forward-looking statements, which involve risks and uncertainties that may cause actual results to differ materially from our forward-looking statements. We provide a comprehensive list of risk factors in our SEC filings, which I encourage you to review.

Our earnings release, investor fact book and other documents related to our results, as well as reconciliations between GAAP and non-GAAP results discussed on this call can be found in the Quarterly Results section of the Investor Relations website.

With that, I will turn it over to Mike.

Mike Sievert - President and CEO

Okay. Thanks, Jud. Hi, everybody. Well, welcome to the call, and as you can see, we are coming to you live from Bellevue, Washington at our headquarters and I am here gathered with a great group of our senior leadership team as we share with you some terrific results that we are posting today to kick off 2023.

And I will start by saying our results for Q1 continue to demonstrate that no matter the competitive environment, our unique formula of offering the best network and the best value continues to produce best-in-class outcomes.

We again led the industry in postpaid and broadband customer net adds, while continuing to deliver the best profitability growth. And our consistent focus on reliably translating customer growth into industry-leading postpaid service revenue growth and unlocking substantial cash flow gives us the confidence to raise our full year guidance just one quarter into the new year.

Now I will also say Q1 was a quarter of celebration at T-Mobile. I am so proud of how our now 10-year history of more than 20 Un-carrier moves have transformed to this wireless industry and more recently, broadband for the benefit of customers, and as you often hear us say, we won’t stop.