T-Mobile’s adjusted EBITDA continue to rise
T-Mobile’s (TMUS) adjusted EBITDA grew ~14.8% YoY (year-over-year) to $3.2 billion in the third quarter. Its new revenue accounting standards and hurricane-related insurance reimbursements boosted its EBITDA, by $136 million and $138 million net of costs, respectively.
The company’s adjusted EBITDA grew despite its operating expenses rising ~8.1% YoY to $9.4 billion. Its adjusted EBITDA margin increased YoY to 40% from 37%.
T-Mobile expects adjusted EBITDA of $11.8 billion–$12.0 billion in fiscal 2018, excluding future spectrum gains and including anticipated leasing revenue of $0.6 billion–$0.7 billion. Including the effects of T-Mobile’s new revenue recognition accounting standards, its adjusted EBITDA are expected to grow by an additional $0.2 billion–$0.5 billion, bringing its total guidance to $12.0 billion–$12.5 billion.