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 [https://www.groundreport.com/?s=carrier%20T-Mobile 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 [https://www.bing.com/search?q=monthly&form=MSNNWS&mkt=en-us&pq=monthly monthly] bill-paying phone subscribers in the quarter.<br> [https://evigetir.com/evdeneve/evden-eve-nakliyat-istanbul.html T]-Mobile's net income rose to $1. In the event you beloved this short article and also you desire to be given details relating to [https://evigetir.com/evdeneve/ee.html EVdEn eVE nAkliYAT] i implore you to stop by the web page. 48 billion, or $1.18 per share, from $422 million, or [https://evigetir.com/montaj%20-%20Kopya.html EVDen Eve nAKliYAt] 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 prepaid accounts, and [https://evigetir.com/evden-eve-google.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, [http://businessblog.biz/seven-out-of-10-dry-shampoos-still-on-grocery-store-shelves-contain-detectable-levels-of-a-cancer-causing-chemical-despite-recent-recalls-of-dozens-of-popular-brands-14/ EVDEN eVE nAKLiYAT] compared with the 6.4 million additions it reported in 2022.<br><br>(Reporting by Eva Mathews in Bengaluru; Editing by Shinjini Ganguli)<br> |
