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, | + | 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 [https://www.statista.com/statistics/283507/subscribers-to-top-wireless-carriers-in-the-us/ wireless subscribers] over the last few years, thanks to hefty discounts on smartphones, [https://webscliq.com/woman-who-spent-50k-on-house-says-it-was-left-in-horrendous-state-34/ 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. In the event you loved this informative article and you want to receive more information relating to [https://evigetir.com/evdeneve/evden-eve-nakliyat-istanbul.html eVDEn evE nAkliYAT] please visit our webpage. 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, [https://evigetir.com/evdeneve/evden-eve-google-nakliye-hizmeti.html eVden EvE Nakliyat] or [https://evigetir.com/evdeneve/evden-eve-google-montaj-fatura-abone.html evDen evE nAKLiYaT] $1.18 per share, from $422 million, [https://evigetir.com/evdeneve/hesaplama.html EVdeN EVE nAKLiyaT] or 34 cents per share, a year earlier.<br> In January, EvDEn eVe NAkLiyAt the company said it was investigating a data breach that may have exposed 37 million postpaid and prepaid accounts, and [https://wiki.rr206.de/index.php?title=Benutzer:WeldonKinard0 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 [https://www.wikipedia.org/wiki/Shinjini Shinjini] Ganguli)<br> |
Revision as of 13:30, 29 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, EvDEn evE naKliyAT 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 $20.27 billion in the quarter ended December, below Wall Street's estimate of $20. In the event you loved this informative article and you want to receive more information relating to eVDEn evE nAkliYAT please visit our webpage. 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, eVden EvE Nakliyat or evDen evE nAKLiYaT $1.18 per share, from $422 million, EVdeN EVE nAKLiyaT or 34 cents per share, a year earlier.
In January, EvDEn eVe NAkLiyAt the company said it was investigating a data breach that may have exposed 37 million postpaid and prepaid accounts, and eVdeN EvE NAKliYat 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)
