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Sprint Posts $1.4B Net Loss in Q2; Nearly 1.5M iPhones Sold

Sprint posted its second quarter 2012 earnings results on Thursday. The carrier noted a net loss of $1.4 billion during the quarter and a diluted net loss of $0.46 per share. The loss is greater than it was during the second quarter of last year, when the carrier recorded a net loss of $847 million. The company said its ARPU of $63.38 pushed the company’s wireless revenue growth 16% year-over-year to a record high of $7.3 billion for the quarter.

Sprint said it sold “nearly” 1.5 million iPhones during the quarter, 40% of which were to new postpaid customers — likely driven by the company’s advertising push of unlimited data for the device.

Sprint added a total of 442,000 postpaid subscribers during the quarter, up 68% from the number of customers added last quarter, and reported a record churn of 1.69%. However, the company said it lost 310,000 prepaid Nextel customers, although many of them left Nextel to subscribe to Sprint. “60 percent of total subscribers who left the postpaid Nextel platform during the period were recaptured on the postpaid Sprint platform as compared to 27 percent in the second quarter of 2011 and 46 percent in the first quarter of 2012,” the company said.

[via Sprint]


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Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...


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