T-Mobile tops Q4 earnings targets, hits back at Verizon on unlimited plan

T-Mobile released its fourth quarter earnings results February 14 as the wireless industry reignites a love affair with unlimited data.

In response to Verizon's pivot to begin offering customers an unlimited data plan, T-Mobile CEO John Legere announced that the "un-carrier" was improving its T-Mobile One unlimited plan to include HD video. T-Mobile will also now let customers use up to 10GB of high-speed data each month for hotspot tethering. To further sweeten the deal, T-Mobile will begin offering a two-line family plan for $100.

"I don't blame Verizon for caving," Legere said in a series of tweets. "They just lost their network advantage, and they know it. This is what the un-carrier does -- drag the carriers kicking and screaming into the future. Next up, we're going to force them to include monthly taxes and fees. Mark my words."

As for the numbers, T-Mobile reported Q4 net income of $390 million, or 45 cents per share, up from $297 million, or 34 cents per share, a year earlier.

Total revenue was $10.18 billion, compared with last year's $8.25 billion in the same quarter.

Wall Street was looking for earnings of 28 cents a share on revenue of $9.86 billion.

The carrier's adjusted EBITDA was $2.5 billion, up 12 percent from a year ago.

T-Mobile said it added a total 2.1 million customers in the quarter, marking the 15th consecutive quarter it delivered more than one million net adds. Breaking it down, T-Mobile said it added 933,000 postpaid accounts, which are considered the most lucrative category of wireless subscribers.

In prepared remarks, Legere touted that T-Mobile has "taken all of the postpaid phone growth in the industry."

The company says it now has more than 71.5 million total customers.

In 2017, T-Mobile expects to add between 2.4 million and 3.4 million post paid customers.

On the financial side, the carrier expects adjusted EBITDA to be in the range of $10.4 billion to $10.8 billion.

Tech Earnings

SMART Global fiscal Q2 results, outlook top expectations

Adobe shares sag as outlook misses expectations

Micron stock jumps as fiscal Q2 results, outlook top expectations

Oracle shares rebound, fiscal Q4 view tops expectations

PagerDuty stock surges as fiscal Q4 revenue, forecast top expectations

DocuSign shares plunge, Q1 and year views miss expectations

Crowdstrike reports Q4 revenue of $431 million and $1.45 billion for full year

Broadcom shares jump as fiscal Q1 results, outlook top expectations

• SMART Global fiscal Q2 results, outlook top expectations
• Adobe shares sag as outlook misses expectations
• Micron stock jumps as fiscal Q2 results, outlook top expectations
• Oracle shares rebound, fiscal Q4 view tops expectations
• PagerDuty stock surges as fiscal Q4 revenue, forecast top expectations
• DocuSign shares plunge, Q1 and year views miss expectations
• Crowdstrike reports Q4 revenue of $431 million and $1.45 billion for full year
• Broadcom shares jump as fiscal Q1 results, outlook top expectations

Your original iPhone won't work on AT&T's network anymore: