T-Mobile’s revenues in Q3 2018
Previously in this series, we looked at Wall Street analysts’ expectations for T-Mobile’s (TMUS) third-quarter earnings. Now let’s take a look at T-Mobile’s expected total revenues in the third quarter. Analysts expect T-Mobile’s total revenues to grow ~6.8% YoY (year-over-year) to reach $10.7 billion in the third quarter.
In the second quarter, T-Mobile reported total revenues of $10.6 billion, which was below the Wall Street consensus estimate of $10.7 billion. Its second-quarter revenues rose ~3.5% YoY from $10.2 billion in the second quarter of 2017.
This increase was primarily due to ~6.5% YoY growth in service revenues to $7.9 billion in the second quarter. The growth in T-Mobile’s service revenue was primarily due to the expansion of its customer base and success with the company’s UN-carrier plan initiative.
Verizon’s (VZ) total revenues are expected to grow ~2.5% YoY to $32.5 billion in the third quarter. AT&T’s (T) total revenues are expected to rise ~15.0% YoY to $45.6 billion. Sprint’s (S) total revenues are expected to grow ~0.9% YoY to $8.0 billion in its second quarter, which ended in September.
In the next part, we’ll look at T-Mobile’s consolidated adjusted EBITDA growth for the third quarter.