T-Mobile Misses Quarterly Revenue Estimates
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| - | Feb 1 (Reuters) - Wireless carrier T-Mobile US Inc posted fourth-quarter revenue below Wall Street estimates on Wednesday, as competition heats up with rivals looking to add subscribers through more attractive promotional offers.<br> The company added thousands of wireless subscribers over the last few years, thanks to hefty discounts on smartphones, industry-low plan prices and an edge in 5G.<br><br>But a slowdown in wireless growth and bigger promotions by rivals amid rising costs are hurting T-Mobile now.<br> The company said total revenue fell 2.5% to $20.27 billion in the quarter ended December, below Wall Street's estimate of $20.6 billion, according to Refinitiv data.<br><br>It added 927,000 monthly bill-paying phone subscribers in the quarter.<br> T-Mobile's net income rose to $1.48 billion, | + | Feb 1 (Reuters) - Wireless carrier [https://search.yahoo.com/search?p=T-Mobile T-Mobile] US Inc posted fourth-quarter revenue below Wall Street estimates on Wednesday, as competition heats up with rivals looking to add subscribers through more [https://www.answers.com/search?q=attractive%20promotional attractive promotional] offers.<br> The company added thousands of wireless subscribers over the last few years, thanks to hefty discounts on smartphones, industry-low plan prices and an edge in 5G.<br><br>If you loved this article and also you would like to acquire more info regarding [https://evigetir.com/evdeneve/montaj.html EvDEN EvE NAkLiYat] kindly visit our own webpage. But a slowdown in wireless growth and bigger promotions by rivals amid rising costs are hurting T-Mobile now.<br> The company said total revenue fell 2.5% to $20.27 billion in the quarter ended December, below Wall Street's estimate of $20.6 billion, [http://monitor.cnc.una.py/reduna/index.php/Airbus_And_Qatar_Airways_Settle_Bitter_A350_Jet_Row EvDEN evE NAkLiyat] according to Refinitiv data.<br><br>It added 927,000 monthly bill-paying phone subscribers in the quarter.<br> T-Mobile's net income rose to $1.48 billion, or $1.18 per share, from $422 million, or 34 cents per share, a year earlier.<br> In January, the company said it was investigating a data breach that may have exposed 37 million postpaid and [https://wiki.fantasymoduleparser.tech/index.php/An_Interpreter_Tried_To_Persuade_Doctors_At_A eVdEn EvE nakliYaT] prepaid accounts, [https://evigetir.com/montaj.html EVdEN eVe naKliyaT] and it may incur significant costs related to the incident.<br> T-Mobile expects to add between 5 million and 5.5 million net monthly-bill paying subscribers in 2023, compared with the 6.4 million additions it reported in 2022.<br><br>(Reporting by Eva Mathews in Bengaluru; Editing by Shinjini Ganguli)<br> |
