Days after Verizon shared the earnings details of its most recent quarter, it’s time for Sprint to do the same.
Sprint today said that during its fiscal Q3 2015, it added a total of 491,000 customers, which is down from 976,000 in Q3 2014. Postpaid additions actually grew to 501,000 in Q3 2015 from 30,000 in Q3 2014, but Sprint took a bit hit in its prepaid segment, losing 491,000 customers in Q3 2015 after adding 410,000 in Q3 2014. Churn for the quarter finished at 1.62 percent, down from 2.30 percent in the year-ago quarter, which Sprint says is its best YoY improvement in 12 years.
Sprint finished its fiscal Q3 2015 with a total of 58.3 million connections on its network.
Moving over to financials, Sprint posted an operating loss of $197 million and a net loss of $836 million. Those figures are both better than the ones Sprint posted in Q3 2014, though, which were $2.5 billion and $2.4 billion, respectively.
So it sounds like Sprint’s fiscal Q3 2015 was a mixed bag. While it managed to grow postpaid subscribers, its prepaid subs took a bit hit. It shrunk its losses year-over-year, but still posted a near $1 billion net loss. Sprint is still growing in terms of total subscribers, though, and Sprint is touting that its LTE Plus network is showing improved network speeds throughout the country. We’ll just have to wait and see if the growth and improvements can carry forward and help Sprint continue to post better numbers.