The Q1 2010 numbers for T-Mobile USA are in, and they look… well, just okay. Let’s get the bad stuff out of the way first, shall we? T-Mo lost 77,000 customers in Q1 of 2010 — which looks pretty dismal when compared to the 415,000 net gain of Q1 2009 — bringing their total customer base to 33.7 million. There, that wasn’t so hard… like ripping off a Band-Aid. All of T-Mobile’s other vitals seemed to move in the right direction: ARPU is $10.90 up 16% YoY, operating income before depreciation and amortization (OIBDA) rose from $1.38 billion to $1.39 billion YoY, and the OIBDA margin rose 1% from 29% in Q1 ’09 to 30% in Q1 ’10. Net income rose $40 million to $362 million, up from $322 million in the first quarter of 2009. T-Mo also noted that 5.7 million users are now using 3G capable smartphones, compared to just 1.6 million people in Q1 ’09. Here is what the company had to say about their performance:
René Obermann, Chief Executive Officer, Deutsche Telekom, said, “T-Mobile USA achieved a slightly higher margin and strong data ARPU, despite a challenging and highly competitive business environment. In addition, the strong growth in customers with 3G smartphones, plus expanding the HSPA+ network and pipeline of innovative offerings, positions T-Mobile USA to capture the data opportunity in the United States.”
