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> | + | Feb 1 (Reuters) - Wireless carrier T-Mobile US Inc posted fourth-quarter [https://soundcloud.com/search/sounds?q=revenue&filter.license=to_modify_commercially 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.buzzfeed.com/search?q=hurting%20T-Mobile hurting T-Mobile] now.<br> The company said total revenue fell 2.5% to $20.27 billion in the quarter ended December, [https://champside.org/index.php/User:ElidaHuntley liY] 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. In case you have just about any questions concerning in which as well as how you can make use of [https://evigetir.com/evden-eve-nakliyat-istanbul.html liY], [https://evigetir.com/evdeneve/filomuz.html E] you can email us on our own website. 48 billion, or $1.18 per share, from $422 million, or [https://adminwiki.legendsofaria.com/index.php/User:KimberlyHoar54 liY] 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 17:11, 8 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 $20.27 billion in the quarter ended December, liY 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. In case you have just about any questions concerning in which as well as how you can make use of liY, E you can email us on our own website. 48 billion, or $1.18 per share, from $422 million, or liY 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)
