T-Mobile Us Inc (NASDAQ:TMUS) stock surges 10.39% (As on Feb 3, 12:28:54 AM UTC-4, Source: Google Finance) after the company’s robust outlook on subscriber additions in the current year, banking on a high-speed 5G network where it claims a lead over rivals. The company’s bottom line came in at $422 million in the fourth quarter of FY 21 compared with $750 million, in last year’s fourth quarter. Total net customer additions were 1.8 million in Q4 2021 and 5.8 million in full-year 2021, the highest annual number in five years. Postpaid net account additions were 315 thousand in Q4 2021, the highest Q4 in four years and reached a record 1.2 million in full-year 2021, more than doubling year-over-year. Postpaid net customer additions were industry-leading with 1.8 million in Q4 2021, the highest Q4, and 5.5 million in full-year 2021, a record-high and above the company’s recent guidance of 5.1 to 5.3 million. Postpaid phone net customer additions were 844 thousand in Q4 2021 and 2.9 million in full-year 2021. Postpaid phone churn was 1.10% in Q4 2021, as the company ramped up its Sprint customer integration, and 0.98% in full-year 2021. Postpaid other net customer additions were 906 thousand in Q4 2021 and 2.6 million in full-year 2021, which included High Speed Internet net customer additions of 224 thousand in Q4 2021 and 546 thousand in full-year 2021.

TMUS in the fourth quarter of FY 21 has reported the adjusted earnings per share of 34 cents, beating the analysts’ estimates for the adjusted earnings per share of 16 cents. The company had reported the adjusted revenue growth of 5.5 percent to $14.96 billion in the fourth quarter of FY 21, missing the analysts’ estimates for revenue of $21.05 billion.

The company sees core FY22 adjusted earnings before interest, taxes, depreciation and amortization and also excluding lease revenue in a range of $25.6 billion to $26.1 billion, representing a 10% gain over prior-year levels. It also is expecting between $4.5 billion to $5.0 billion in costs this year resulting from its upcoming merger with Sprint. Net cash provided by operating activities is expected to grow more than 10% year-over-year and Free Cash Flow is expected to grow more than 30% year-over-year at mid-point of guidance

T-Mobile was unable to forecast FY22 net income due to the high variability in several factors affecting earnings, including its income tax and stock-based compensation costs as well as its interest expenses.