Difference between revisions of "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 [ | + | 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 [https://www.business-opportunities.biz/?s=hurting%20T-Mobile hurting T-Mobile] now.<br> The company said total revenue fell 2.5% to $20. If you have any type of concerns concerning where and ways to make use of [https://evigetir.com/iletisim.html eVdEN evE nakLiYaT], you can call us at our own web site. 27 billion in the quarter ended December, below [https://www.healthynewage.com/?s=Wall%20Street%27s 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, [http://wiki.xn--rth-xla.net/index.php?title=Dive_Expert_Says_He_Has_apos;proof_apos;_Nicola_Bulley_Never_Fell_Into_A_River EVDeN Eve nAkLiyAT] 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 prepaid accounts, 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> |
Revision as of 05:52, 10 April 2023
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.
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.
But a slowdown in wireless growth and bigger promotions by rivals amid rising costs are hurting T-Mobile now.
The company said total revenue fell 2.5% to $20. If you have any type of concerns concerning where and ways to make use of eVdEN evE nakLiYaT, you can call us at our own web site. 27 billion in the quarter ended December, below Wall Street's estimate of $20.6 billion, according to Refinitiv data.
It added 927,000 monthly bill-paying phone subscribers in the quarter.
T-Mobile's net income rose to $1.48 billion, or $1.18 per share, from $422 million, EVDeN Eve nAkLiyAT or 34 cents per share, a year earlier.
In January, the company said it was investigating a data breach that may have exposed 37 million postpaid and prepaid accounts, and it may incur significant costs related to the incident.
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.
(Reporting by Eva Mathews in Bengaluru; Editing by Shinjini Ganguli)
