Sprint reports smaller loss than usual in Q3 earnings

By on Oct 26, 2011 at 8:10 AM
Business October 26, 2011

Sprint just released earnings for Q3, and while the company managed to add their best ever amount of net new wireless subscribers — 1.3 million — Sprint still lost 44,000 subs. Sprint’s postpaid ARPU has grown by $1 sequentially and $3 year-over-year as well. Sprint still didn’t make money this quarter, though, with a reported net loss of $301 million, down from a net loss of $911 million one year ago. Investors were looking to see a number north of around $-0.22 a share, and Sprint’s diluted loss for the quarter came in at $-0.10 a share. Of note: Sprint’s iPhone 4 and iPhone 4S sales are not included in here as the phones didn’t launch until October 14th. Full release is available at Sprint’s investor site.

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13 Comments

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  • Anonymous

    glad to see them turning around. while i dont care for them as a service provider, i like to see any company bring themselves out of the red.

  • John22

    A loss is a loss.

    • Anonymous

      Unless it’s the prelude to a gain and a turnaround.

  • Positive

    They only lost 44K subscribers in the period, thats damn good.  They added 304,000 new post so thats still a positive gain. 

    If you add this up, its 1,624,000 so I’m not sure where 1.3 Million comes from below:The company achieved its best total company wireless net subscriber additions in more than five years. The company added nearly 1.3 million total net wireless subscribers, primarily driven by 304,000 net postpaid additions for the Sprint brand, net prepaid additions of 485,000 and net wholesale and affiliate additions of 835,000.

    • Anonymous

      Lmao yea is damm good ever since sprint started posting losses

    • JMcMusicman

      “They only lost 44K subscribers in the period, thats damn good. They added 304,000 new post so thats still a positive gain”

      Wrong… the 44k was the net loss in retail postpaid, meaning they lost 44k more then what they gained in new retail postpaid customers!
      Their churn is 4.07%, vs retail postpaid churn of 0.94% for VZW and even 1.28% for AT&T!

  • http://www.facebook.com/people/Mike-Smith/515882925 Mike Smith

    HESSES HAS TO GO….HE IS A TRUE FAILURE…REMINDS ME SO MUCH OF THAT SLICK MACK DADDY IN THE WHIT HOUSE. BOTH ARE IDIOTS.

    • http://twitter.com/lennyj17 Lenny James

      Get real…Sprint would be dead without Hesse, it was the most hated company with absolutely no vision and a bunch of Corporate end fighting between legacy CDMA and iDen Management. 

      Sprint not going make money until it get rid of iDen completely, the more people that jump off it (this is where 44K sub loss came from) the higher the liability it becomes to Sprint. 

      • Cashman

        Majority of the people leaving sprint are the IDEN people. If they never made that huge mistake of buying nextel, they would be in a lot better shape right now, Hopefully they don’t make the same mistake and try to get T-Mobile once At&t fails

  • Anonymous

    I’m staying with sprint, love them

  • F1

    BGR is a JOKE!

    It has failed to post anything I post against SPRINT since last month!
    MODERATION??
    How about calling it BLATANT CENSORSHIP !Thank You

    • Anonymous

      Who let you out of your cage?

  • http://twitter.com/PlasticWig Joshua K

    Will be interesting to see next quarter with all the iPhone fun. I think their 4G android phones were pulling in that crowd. 

    I’m happy with my service, and their plans are good bang for your buck.

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