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, [https://evigetir.com/evdeneve/iletisim.html Evden eve nakliYat] 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 [http://www.nerdwallet.com/article/finance/budget-worksheet monthly bill-paying] phone subscribers in the quarter.<br> T-Mobile's net income rose to $1.48 billion, or $1. If you are you looking for more on [https://evigetir.com/temizlik.html evdEn EvE NaKliYaT] look into our site. 18 per share, from $422 million, [https://evigetir.com/filomuz.html EVdEn EVe NakliyAT] or 34 cents per share, a year earlier.<br> In January, the company said it was investigating a [https://beta.techcrunch.com/2017/11/21/uber-data-breach-from-2016-affected-57-million-riders-and-drivers/ data breach] that may have exposed 37 million postpaid and prepaid accounts, [https://ukrainianhistorywiki.org/mw21/index.php/India_apos;s_Bharti_Airtel_Beats_Q3_Revenue_Estimates eVDeN EvE nakLiYaT] and [https://evigetir.com/evdeneve/evden-eve-google-montaj-temizlik-kurulum.html 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> |