T-Mobile US Inc missed fourth-quarter revenue estimates on Wednesday despite adding thousands of wireless subscribers, as competitors ramped up their holiday season handset offers to lure customers.
Moreover, industry executives have hinted at a cool-down in growth as demand for phones with video-conferencing and premium plans that supported remote work fades as offices reopen.It 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.
The company earned $1.18 per share on revenue of $20.27 billion in the fourth quarter, compared with analysts' average estimate of $1.10 per share profit on revenue of $20.60 billion, according to Refinitiv data.
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