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, 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:// | + | 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 [https://www.thefashionablehousewife.com/?s=rivals%20amid rivals amid] rising costs are hurting T-Mobile now.<br> The company said total revenue fell 2. If you cherished this article and also you would like to receive more info regarding [https://evigetir.com/evdeneve/depolama.html EvDEN eve nakLiYAt] kindly visit our site. 5% to $20.27 billion in the quarter ended December, [https://evigetir.com/evdeneve/hesaplama.html EVdeN Eve NAKLiYAT] 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> [https://evigetir.com/evdeneve/evden-eve-nakliyat-istanbul.html T]-Mobile's net income rose to $1.48 billion, or $1.18 per share, from $422 million, [https://evigetir.com/depolama.html EVDen EvE nakLiyAt] or 34 cents per share, 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 [https://taupi.org/index.php?title=Second_Chinese_Carrier_Resumed_737_MAX_Operation_In_China eVDen eve nAKLiYat] prepaid accounts, and it may incur significant costs related to the incident.<br> [https://www.search.com/web?q=T-Mobile%20expects T-Mobile expects] to add between 5 million and 5.5 million net monthly-bill paying subscribers in 2023, [https://vanburg.com/mw19/index.php/Kanye_West_s_Donda_Academy_Announced_It_Would_Be_Reopening_Its_Doors_On_Thursday_Just_Hours_After_The_Principal_Said_The_School_Would_Shutter_For_The_Remainder_Of_The_2022-23_School_Year 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> |
