T-Mobile Us Inc (NASDAQ:TMUS) stock rose 1% (As on January 26, 11:28:07 AM UTC-4, Source: Google Finance) after the company posted mixed result for the fourth quarter of FY 23. Total service revenues increased 3% year-over-year to $16.0 billion in Q4 2023 and 3% year-over-year to $63.2 billion in 2023, which included Postpaid service revenue growth of 6% year-over-year in Q4 2023 and 6% growth year-over-year in 2023. Net income increased 36% year-over-year to $2.0 billion in Q4 2023 and increased 221% year-over-year to $8.3 billion in 2023, which included Merger-related costs, net of tax, of $775 million. Core Adjusted EBITDA increased 9% year-over-year to $7.2 billion in Q4 2023 and increased 10% year-over-year to $29.1 billion in 2023. Net cash provided by operating activities increased 12% year-over-year to $4.9 billion in Q4 2023 and increased 11% year-over-year to $18.6 billion in 2023, which included cash payments for Merger-related costs of $416 million in Q4 2023 and $2.0 billion in 2023. Adjusted Free Cash Flow increased 97% year-over-year to $4.3 billion in Q4 2023 and increased 77% year-over-year to $13.6 billion in 2023, which included cash payments for Merger-related costs of $416 million in Q4 2023 and $2.0 billion in 2023.

Moreover, Postpaid net account additions were 299 thousand in Q4 2023 and 1.3 million in 2023. Postpaid net customer additions were 1.6 million in Q4 2023 and 5.7 million in 2023. High Speed Internet net customer additions were 541 thousand in Q4 2023 and 2.1 million in 2023, the highest in company history. Total net customer additions were 1.6 million in Q4 2023 and 5.9 million in 2023. Total customer connections increased to a record high of 119.7 million.

TMUS in the fourth quarter of FY 23 has reported the adjusted earnings per share of $1.67, missing the analysts’ estimates for the adjusted earnings per share of $1.90. The company had reported the adjusted revenue of $20.4 billion in the fourth quarter of FY 23, beating the analysts’ estimates for revenue of $19.69 billion.

For fiscal 2024, postpaid net customer additions are expected to be between 5.0 million and 5.5 million, Core Adjusted EBITDA, is expected to be between $31.3 billion and $31.9 billion, Net cash provided by operating activities, including payments for Merger-related costs, is expected to be between $21.5 billion and $22.3 billion, Adjusted Free Cash Flow, including payments for Merger-related costs, is expected to be between $16.3 billion and $16.9 billion and Cash purchases of property and equipment, including capitalized interest, are expected to be between $8.6 billion and $9.4 billion.