T-Mobile exceeded expectations for quarterly wireless subscriber growth, driven by discounted plans bundling streaming services like Netflix. The company's customer growth is fueled by its more affordable high-speed 5G plans compared to AT&T and Verizon. T-Mobile has experienced strong adoption of its premium plans, which include streaming services. Over 60% of new customers, as well as existing customers changing plans, are opting for these premium offerings, according to President of Marketing Mike Katz. Shares were up 2% in premarket trading.
Category
đ
NewsTranscript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02T-Mobile exceeded expectations for quarterly wireless subscriber growth driven by discounted
00:07plans bundling streaming services like Netflix. The company's customer growth is fueled by its
00:12more affordable high-speed 5G plans compared to AT&T and Verizon. T-Mobile has experienced
00:18strong adoption of its premium plans which include streaming services. Over 60 percent
00:22of new customers as well as existing customers changing plans are opting for these premium
00:27offerings according to President of Marketing Mike Katz. Shares were up 2% in pre-market trading.
00:33For all things money, visit Benzinga.com slash GSTV.