Tuesday, February 25, 2014

T-Mobile reports $20 million Q4 net loss, but adds 1.65 million customers

T-Mobile

T-Mobile's fourth quarter and year-end results came in today with losses but also a few victories

T-Mobile's Q4 financial results are in, and they're about what you'd expect given their recent strategies of giving away tablet data, removing device subsidies and their corresponding contracts, paying termination fees from competitors, wacky marketing campaigns, and free international data roaming. They lost money over the quarter, but gained subscribers. They're up to 4.7 million customers, which is up 1.65 million from the same time last year, and quarterly revenue was up to $6.8 billion, which is a $39% increase year-over-year. Still, this resulted in a net loss of $20 million for the quarter due to the aforementioned costs.

It takes money to make money, as they say, and in that light, these losses may seem worthwhile in the long run. How many of you guys are T-Mobile customers? How many of you have switched over in the last couple of months? Do the changes they're making in wireleess merit all the marketing attitude? Highlights from the quarter and full-year results are below.

Source: T-Mobile


    








source: androidcentral

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