Sprint reported its third quarter earnings on Thursday, in which the company noted a $767 million net loss and a loss of $0.26 per share. Despite that, the company said that its revenue increased 14 percent from a $301 million net loss during the third quarter of last year, representing the eight consecutive quarter of double digit year-over-year growth.
Sprint also said it sold 1.5 million iPhones during the quarter, 40 percent of them went to new customers, and said it has now sold more than 1 million LTE-capable smartphones. The carrier added 410,000 postpaid subscribers, too. “The Sprint platform performed well, with strong net subscriber additions, record third quarter postpaid and prepaid churn and robust revenue growth, contributing to Adjusted OIBDA of $1.28 billion even as we continue to invest in Network Vision and position the company for future growth,” said Sprint CEO Dan Hesse.
The carrier said it’s still on its way to cover 115 additional 4G LTE markets “in the coming months” and that the carrier’s Nextel platform is still scheduled to shutter sometime during the middle of next year.