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Sprint shows subscriber growth, financial loss in Q3 2010 earnings report


News by Todd Haselton on Wednesday October 27, 2010.

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Today Sprint posted its third quarter 2010 earnings report.

Sprint noted that it achieved its best wireless subscriber net additions figures since 2006. It added 644,000 total wireless subscribers, bringing its total up to 48.8 million from last quarter's 48.2 million.

Sprint's subscriber base includes 33.1 million postpaid (contract) subscribers (26.6 million on Sprint's CDMA network, 6.1 million on iDEN, and 440,000 Power Source users on both networks). It also serves 11.6 million prepaid subscribers (7.1 million on CDMA, 4.5 million iDEN), and 4.1 million wholesale and affiliate subscribers.

Wireless churn for the quarter was 1.93 percent, down from the 2.17 percent Sprint reported in the year-ago quarter, but up from the 1.85 percent it reported last quarter.

Sprint posted a net loss of $911 million on revenues of $8.2 billion. Retail wireless revenues were $6.4 billion, up almost 2 percent from Q3 2009 and down less than 1 percent from the last quarter. Sprint says its year-over-year improvement is primarily due to an increased number of prepaid subscribers from Boost's Monthly Unlimited offering.

 
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About the author

Todd Haselton
Todd is a senior editor at MobileBurn and works out of his home in New York City. He covers news for us and also writes reviews. You can follow him on Twitter at @RoboTodd

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