T-Mobile Misses Q4 Earnings Estimates Despite Subscriber Growth

Company's 5G coverage surpasses AT&T and Verizon combined, but diluted EPS impacted by share issuance to Softbank.

T-Mobile US Inc. reported Q4 revenue of $16 billion, missing analyst estimates with earnings per share (EPS) at $1.67, compared to expectations of $1.91.
The company added 934,000 subscribers in Q4, outperforming rivals AT&T and Verizon.
T-Mobile's 5G coverage now exceeds 330 million people, surpassing AT&T and Verizon combined.
T-Mobile issued 48.75 million shares of common stock to Softbank in Q4, impacting its diluted EPS.
The company forecasts slower growth in 2024 compared to 2023 for adjusted operating profits.