T-Mobile Sees Growth in Q4

by Warren Seah

T-Mobile, a leading cell carrier, continued its upward trajectory, adding more wireless customers in the fourth quarter. However, the company’s earnings fell short of analysts’ estimates, resulting in a drop in share prices.

Financial Performance

T-Mobile reported a fourth-quarter profit of $2.01 billion, translating to $1.67 per share. This represents an increase from $1.48 billion, or $1.18 per share, in the same quarter the previous year. Nonetheless, analysts were expecting earnings of $1.91 per share.

Revenue saw a modest growth of 1%, reaching $20.48 billion compared to the expected $19.67 billion.

Customer Growth

Additionally, T-Mobile saw an increase in fixed-wireless internet customers, capturing 541,000 new customers in comparison to the 524,000 gained a year earlier.

Industry Comparisons

While T-Mobile’s customer growth remains robust, its competitors also demonstrated solid performances. Verizon reported a gain of 449,000 phone connections under postpaid billing plans in the fourth quarter, while AT&T added 526,000 subscriptions in this category.

Future Outlook

Looking ahead, T-Mobile has set ambitious goals for postpaid net customer additions. The company aims to acquire 5 million to 5.5 million new customers by 2024.

It is evident that T-Mobile’s performance is indicative of its commitment to growth and innovation in the wireless industry.

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