Oh Sprint. We don’t envy you come quarterly report time. You’re frequently faced with the unpleasant task of making lemonade out of lemons, spinning your undoubtedly dismal sales, retention, and churn numbers into something that won’t make your investor run for the hills. Poor guys. The company has just released its Q2 report from this year, and it’s filled with the typical collection of niceties and truth-obscuring statements. Of particular note:
- Subscriber base increases by nearly 400,000, to 54 million; lower churn contributes to positive post-paid net additions
- Total revenues of $8.8 billion, an increase of 3% year-over-year and 1% sequentially; data revenues increased 40% compared to the year-ago period
- Adjusted Operating Income* of $494 million, a decline compared to the second quarter of 2006 but a strong improvement from the first quarter
We suppose things could be worse, but given AT&T’s increasing dominance in the GSM arena, coupled with Verizon’s CDMA stronghold, we think Sprint might want to accelerate their WiMax rollout plans before things get much worse.
Note from the editor-in-chief (that’s right, bitches!): I think Josh is a little misguided here, because even though Sprint sucks harder than…well, you get the point, they still have 54M subscribers. Not something we can totally dismiss as much as we dislike them…