T-Mobile’s quarterly profit and revenue handily beat market estimates as aggressive discounts helped the No. 4 U.S. wireless operator add more than two million subscribers.
T-Mobile Revenue Beats Estimates as Discounts Lure Customers
The No. 4 U.S. wireless operator added more than two million subscribers in the fourth quarter.
The carrier, two-thirds of which is owned by Deutsche Telekom, has turned around years of subscriber losses with discount offers in recent quarters.
T-Mobile’s “Data Stash” plan allows customers to retain unused data in their next billing cycle.
It added a net 2.1 million customers in the fourth quarter ended Dec. 31. Revenue jumped 19.4 percent to $8.15 billion.
Average revenue fell to $48.26 per branded postpaid phone user as more customers opted for lower-priced plans.
T-Mobile reported net income of $101 million, or 12 cents per share, compared with a loss of $20 million, or three cents per share, a year earlier.
Analysts on average had expected a profit of five cents per share on revenue of $7.88 billion, according to Thomson Reuters I/B/E/S.
The company said it was aiming to add 2.2 million-3.2 million branded postpaid net customers in 2015.
(Reporting By Subrat Patnaik and Anya George Tharakan in Bengaluru; Editing by Joyjeet Das)
This article originally appeared on Recode.net.
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