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T-Mobile Hits Home Run In Q3 Subscriber Adds

T-Mobile continued to gain ground in expanding its subscriber base by posting 2.3 million total net adds in the third quarter ending September, with 1.1 million coming from branded postpaid net adds.

The 1.1 million consists of 843,000 postpaid phone net adds, which T-Mobile called the most lucrative type, and another 242,000 postpaid mobile-broadband net adds. Another 595,000 net adds came from prepaid subscriptions, and the remaining 605,000 net adds came through MVNOs.

The quarter marked the 10th consecutive quarter of more than 1 million total net adds and the fifth consecutive quarter of more than 1 million postpaid net adds. The company said it expects to lead the industry for the seventh consecutive quarter in branded postpaid phone net adds.

The company remained in the black for the second consecutive quarter, posting net income of $138 million compared to a year-ago loss of $94 million. Second-quarter net income was $361 million, and in the first quarter, the company posted a net loss of $63 million.

Total third-quarter revenue was up 7 percent from the year-ago period to $7.8 billion.

Net add gains accelerated in the quarter from the second quarter’s 2,1 million, of which 1 million were postpaid net adds, including 760,000 postpaid phone net adds.