T-Mobile Beats Estimates as Customer Growth Outpaces Verizon
- Unlimited data, Binge On attracts 969,000 new monthly users
- Carrier driving profits despite price cuts, giveaway promos
T-Mobile Builds Subscribers as AT&T Targets Content
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T-Mobile US Inc. posted profit that exceeded analysts’ estimates, a sign that the third-largest U.S. carrier is managing to lure new customers with lower prices without punishing the bottom line.
Adjusted earnings before interest, tax, depreciation and amortization rose to $2.6 billion, the Bellevue, Washington-based company said Monday in a statement. Analysts predicted $2.4 billion, the average of estimates compiled by Bloomberg. The company added 969,000 total monthly subscribers, beating the 829,000 average of eight analysts surveyed by Bloomberg.