This morning, we announced another quarter of outstanding results on our Q2 2024 earnings call, proving once again that our unique formula of best value, best network, and best experience drives differentiated outcomes.
Here are some of my favorite highlights:
📈 Customer Growth: Our durable and differentiated profitable growth model led to another quarter where we outperformed our peers across the board. We added 1.3M postpaid net customers, our highest EVER Q2 postpaid phone net adds, crossing the incredible milestone of 100 million postpaid customers—a testament to our industry-leading growth. We also reached 5.6M customers for our high-speed internet product, with an industry-best 406k net additions.
💰 Financial Growth: We are successfully translating our customer growth into outsized financial gains. We led the industry in key year-over-year growth areas, including Service Revenue (+4.4%), Core Adjusted EBITDA (+9.4%), and Adjusted Free Cash Flow of $4.4 billion (record high and +54% YoY).
These results show that our customers recognize we are the best at connecting them to their world. Reaching the 100 million postpaid customer milestone is a clear signal that we’re rapidly evolving from challenger to leader.
On our way to becoming a truly digital-first company, we now have one super app #TLife which combines several domains including account management, rewards, Magenta status, broadband management, peace of mind, and much more.
As we hit the halfway point, 2024 is shaping up to be another historic year full of profitable growth. Our confidence in our strategy is reflected in our raised full-year customer and adjusted free cash flow guidance.
I’m incredibly proud to be part of the Magenta leadership team that keeps delivering such incredible results. Together, we’re driving T-Mobile to new heights!
Check out more Q2 highlights and the full earnings call below ⤵️
https://lnkd.in/gCGs3jyx
Seamless Commutes with Tap to Phone
Tap to phone is set to make every commute a breeze. Forget fumbling for change, with a simple tap, you're on your way. Enabling open-loop contactless payments in mass transit.
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Almost 10 million Australians have been using the MoneySmart website, especially when they need information to make financial decisions which are often driven by life events. Find out the most popular MoneySmart tools and calculators available for you.
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🌟💳 Unlocking the Power of Virtual Cards! 💳🚀
Virtual cards are revolutionizing payment solutions, offering flexibility, security, and convenience. Whether for business travel, online purchases, or recurring expenses, virtual cards streamline transactions and enhance financial control.
Discover how virtual cards can empower your business to operate more efficiently and securely. Ready to embrace the future of payments? 🌐💼
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Every customer transaction is a touch point with a bank or payment services provider. As digital payments evolve, so do the user expectations.
We are excited to host the PesaLink Insights Forum. The goal? To hear from customers on payment experiences and collaborate with our partners on ways to make them better.
🔍 Stay tuned for more insights…
#PesaLink#InsightsForum#CustomerExperience#InstantPayments
🌟💳 Unlocking the Power of Virtual Cards! 💳🚀
Virtual cards are revolutionizing payment solutions, offering flexibility, security, and convenience. Whether for business travel, online purchases, or recurring expenses, virtual cards streamline transactions and enhance financial control.
Discover how virtual cards can empower your business to operate more efficiently and securely. Ready to embrace the future of payments? 🌐💼
#VirtualCards#PaymentInnovation#FinancialTechnology#BusinessEfficiency#SecureTransactions#OmniPayments
The more you use the CalBank App this weekend for your daily transactions like instant bank transfers, cardless withdrawals, bill payments, and airtime & data top-ups, the more Loyalty Points you rack up. It's that simple!
And the best part? You can redeem those hard-earned points for awesome perks like free airtime, mobile data, and much more! Talk about getting rewarded just for banking as usual.
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Say goodbye to manual payment processing with InStream's virtual lockbox services. Discover how you can enhance efficiency and secure your transactions with our free data sheet. InStream gives you the power to choose your financial institution, provides remote access to critical data, and offers immediate processing.
Don't let delays affect your cash flow. Download now and step into the future of secure, streamlined remittance processes. #InStream#VirtualLockbox#PaymentProcessinghttps://lnkd.in/eKGhFyZD
Gen Z is redefining how we pay. A recent Interac survey reveals a 27% surge in mobile debit payments, with 69% of Gen Z choosing digital wallets over physical cards. As they navigate rising costs, this tech-savvy generation is at the forefront of embracing financial control and convenience. Discover how Gen Z is changing the game. #InteracEmployee
Product Designer
1wThis is amazing!