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, | + | 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. If you adored this article and [https://evigetir.com/evdeneve/montaj.html EVden EVE NAkliyat] also you would like to receive more info concerning [https://evigetir.com/montaj.html EvDen Eve NaKliYat] kindly visit our own web site. 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 [https://www.kasandrinos.com/pages/quarter quarter].<br> T-Mobile's net income rose to $1.48 billion, or $1.18 per share, from $422 million, or [https://bbqottawa.club/2023/02/25/at-the-beating-heart-of-moscow-directly-opposite-the-kremlin-on-the-eastern-side-of-red-square-youll-find-russias-most-famous-shopping-mall-5/ eVDEN evE nAKliyAt] 34 cents per share, [https://evigetir.com/evdeneve/anasayfa.html EvdEn eve nAkLiyAT] a year earlier.<br> In January, the company said it was investigating a data breach that may have exposed 37 million postpaid and [http://tdirect.weebly.com/contact-us.html&%2bprepaid prepaid] accounts, and [https://thegoldendoorrpgwiki.com/wiki/index.php/Brian_Walshe_Appears_In_Court_On_Murder_Charges evdEn eVE naKliyaT] 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> |
