T-Mobile USA just announced its Q3 2012 financials, and its balance sheet is sagging over last year: the company collected $4.9 billion, 6.4 percent less than Q3 2011, and earned $1.2 billion, a decline of 15.2 percent. The mobile operator said while it earned more from equipment sales, it wasn't enough to offset an 8.7 percent drop in service revenue, and that higher advertising costs ate into earnings. Despite the gloomy tidings, the telecom said it added 160,000 new users (net) over last quarter thanks in part to the iPhone 5 launch, including 365k branded prepaid customers -- and improved "churn" (clients switching carriers) by 30 basis points to 2.3 percent. The company also feels its MetroPCS merger will also start to pay off soon, figuring it'll soon have "LTE deployment in 90 percent of the top 25 US markets." Whether the cheery talk will assuage investors remains to be seen -- check the PR after the break to see for yourself.
[Image credit: Wikimedia Commons]
Filed under: Cellphones, Mobile, T-Mobile
T-Mobile USA Q3 2012 earnings: Revenue drops 6 percent to $4.9 billion, profit down 15 percent originally appeared on Engadget on Thu, 08 Nov 2012 01:41:00 EDT. Please see our terms for use of feeds.
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