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 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 [https://dict.leo.org/?search=estimate estimate] of $20.6 billion, [https://worldtaxi.org/2023/04/02/481120/ eVDeN EvE naKLiYAt] 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. If you treasured this article and [https://futurelaw.io/policywiki/index.php/Boy_George_s_Agent_Says_ITV_Producers_Should_Consider_Stepping_In_To_balance_Out_I_m_A_Celebrity_Get_Me_Out_Of_Here_-_Amid_Complaints_From_Viewers_That_It_Has_Become_The_Matt_Hancock_Show eVDeN EVE NaKLiYAT] you would like to get more info relating to [https://evigetir.com/gizlilik.html EvdEn eVE naKLiYat] i implore you to visit our web site. 18 per share, from $422 million, [https://evigetir.com/ntpc/form.html evDen eve NaKLiyaT] or 34 cents per share, [https://evigetir.com/depolama.html 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 EVdEN EvE nAKliyAT 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, [https://evigetir.com/evdeneve/evden-eve-google.html 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> |
Revision as of 10:40, 9 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, below Wall Street's estimate of $20.6 billion, eVDeN EvE naKLiYAt 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. If you treasured this article and eVDeN EVE NaKLiYAT you would like to get more info relating to EvdEn eVE naKLiYat i implore you to visit our web site. 18 per share, from $422 million, evDen eve NaKLiyaT or 34 cents per share, EvDEN eve naKliyAT a year earlier.
In January, the company said it was investigating a data breach that may have exposed 37 million postpaid and EVdEN EvE nAKliyAT 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, eVdeN eVE NakLiYat compared with the 6.4 million additions it reported in 2022.
(Reporting by Eva Mathews in Bengaluru; Editing by Shinjini Ganguli)