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, | + | 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 EVdEN eVe naKLiYaT 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. If you adored this write-up and you would certainly such as to get additional information concerning [https://evigetir.com/ee.html EvdEN evE nakliyAt] kindly visit our own web page. 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 [https://www.wired.com/search/?q=phone%20subscribers phone subscribers] in the quarter.<br> T-Mobile's net income rose to $1.48 billion, or [https://evigetir.com/evdeneve/evden-eve-google-tasinma.html eVden EVE nAKLiYAt] $1.18 per share, from $422 million, [http://3pswapshop.com/iberia-solves-it-problem-that-delayed-dozens-of-flights-23/ EVdEn EVE nAkLiyaT] or EVdEN eVe naKliyAT 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> |
