{"id":21940,"date":"2024-01-26T03:40:45","date_gmt":"2024-01-26T00:40:45","guid":{"rendered":"https:\/\/wikidollar.net\/21940\/t-mobile-had-another-strong-quarter\/"},"modified":"2024-01-26T03:40:46","modified_gmt":"2024-01-26T00:40:46","slug":"t-mobile-had-another-strong-quarter","status":"publish","type":"post","link":"https:\/\/wikidollar.net\/?p=21940","title":{"rendered":"T-Mobile had another strong quarter and another strong year; more of the same is forecast for 2024"},"content":{"rendered":"

T-Mobile had another strong quarter and another strong year; more of the same is forecast for 2024\u060c<\/p>\n

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TMobile<\/span> said today that it expects 2024 to be a good year with net new postpaid phone additions exceeding estimates. The nation's second-largest wireless service provider, behind Verizon<\/span> and ahead of AT&T, said its 5G coverage and promotions are helping it achieve this growth. Recently, Ookla's fourth-quarter U.S. data speeds report showed complete dominance from T-Mobile, which had the fastest download and upload speeds across all of wireless and of 5G. Verizon<\/span> and AT&T.<\/div>\n
For 2024, TMobile<\/span> estimates this will add 5 million to 5.5 million subscribers, which is a sizable increase from the 2.67 million new customers FactSet estimates will report for this year. Today, T-Mobile announced its results for the fourth quarter of 2023<\/a> and it added a whopping 934,000 postpaid phone customer net additions. That beat Wall Street expectations of 877,900 and beat AT&T and Verizon. For the full year, the operator added 3.1 million net postpaid phone customers, putting it at the top of the industry.<\/div>\n
Postpaid customers are more stable than prepaid customers and pay their bills for the previous month of usage. Since they don't move around as much as prepaid customers, the churn rate is lower for postpaid customers and the rate for prepaid customers. TMobile<\/span>Postpaid phone service was 0.96% in the fourth quarter and 0.87% for all of 2023. Prepaid customer net additions were 53,000 in the last quarter of the year. last year, while for 2023, this category saw net additions of 282,000 customers. The third quarter prepaid churn rate was 2.86%, while the 2.76% prepaid churn rate for all of 2023 was the lowest ever. TMobile<\/span> history.<\/div>\n

TMobile<\/span> ended 2023 with 119.7 million customer connections, a 5.4% gain from the 113.6 million it had at the end of 2022. Total revenue for the year was of $78.6 billion, 1.3% lower than the 2022 figure. Net profit soared 221%, from $2.59 billion in 2022 to $8.32 billion in the year last, and earnings per share increased 236.4% to $6.93 from $2.06.<\/p>\n

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It was another strong quarter and year for T-Mobile<\/p>\n<\/div>\n<\/div>\n

CEO Mike Sievert had this to say about the report: \u201cThis has been a historic year for TMobile<\/span>with record results in almost every metric and industry-leading customer results – including our highest share of postpaid phone net additions since the merger and best-in-class growth in service revenue, profitability and cash flow – while effectively completing the world's largest, most successful telecom integration.”<\/p>\n

The executive added: \u201cWhat's really exciting<\/a> is that while we've achieved fantastic results, we also have room to operate. With the unparalleled value and leadership of the network we have built, we are entering a phase of enormous value. creation with a plan to provide sustainable leadership in customer and financial growth. This is just the beginning of the next chapter for Un-carrier.<\/div>\n

The report was not well received by investors. During normal Wall Street trading hours, TMobile<\/span>Shares of rose 56 cents to $162.56, up 0.35%. But after the report was released, the stock plunged after hours by $4.06, or 2.5%, to $158.50.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

T-Mobile had another strong quarter and another strong year; more of the same is forecast for 2024\u060c TMobile said today that it expects 2024 to be a good year with net new postpaid phone additions exceeding estimates. The nation's second-largest wireless service provider, behind Verizon and ahead of AT&T, said its 5G coverage and promotions […]<\/p>\n","protected":false},"author":1,"featured_media":21941,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[5340,1371,3474,862,540],"class_list":["post-21940","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-forecast","tag-quarter","tag-strong","tag-tmobile","tag-year"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/wikidollar.net\/index.php?rest_route=\/wp\/v2\/posts\/21940","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wikidollar.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wikidollar.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wikidollar.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wikidollar.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21940"}],"version-history":[{"count":1,"href":"https:\/\/wikidollar.net\/index.php?rest_route=\/wp\/v2\/posts\/21940\/revisions"}],"predecessor-version":[{"id":21942,"href":"https:\/\/wikidollar.net\/index.php?rest_route=\/wp\/v2\/posts\/21940\/revisions\/21942"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wikidollar.net\/index.php?rest_route=\/wp\/v2\/media\/21941"}],"wp:attachment":[{"href":"https:\/\/wikidollar.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wikidollar.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wikidollar.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}