Sprint releases Q2 earnings report, loses 901k subscribers, $344 million
Sprint today announced their second quarter numbers and I’m not sure why but the numbers continue to surprise me.
In the second quarter Sprint lost roughly 901,000 subscribers and reported a net loss of $344 million.
Sprint chief Dan Hesse is quick to point out that they are seeing some “signs of progress from our efforts to improve the customer experience, rebuild the Sprint brand and increase profitability.”
Believe it or not it is true. In their first quarter Sprint lost 1 million subscribers and reported a loss of $505 million. Their churn rate dropped to just under 2 percent, the best the industry has seen since 2004.
After this loss of subscribers Sprint is left with 51.9 million total subscribers, which is not a bad number on its own but it does keep it well behind number two Verizon with 68.7 million and number one AT&T with 72.9 million.