Sprint halves its quarterly customer loss, increases revenue for the first time in ages

If you can find the silver linings, the news is finally getting a little better over at the number three largest carrier in the States after countless quarters of brutal numbers. Sprint still isn’t turning a profit or earning net customer adds, but it’s continuing to stem losses by posting its first sequential rise in revenue in almost three years, clocking just under $8.1 billion for the quarter; that’s still less than the revenue it posted a year ago, but hey, at least it’s an improvement over Q4 2009′s roughly $7.8 billion. All told, that works out to a net loss of $865 million, which is also better than Q4′s $980 million. Net wireless customers fell by 75,000 — considerably better than Q4′s 148,000 — but net postpaid customers fell by a much larger 578,000, suggesting that Boost Mobile’s aggressive marketing is probably working. That’s all well and good, but it also likely means that ARPU is on a downward trend; Sprint claims it was flat sequentially and down a dollar from $56 to $55 year-over-year. All told, it seems the company’s fortunes are improving by baby steps — but is it fast enough? And how much is the EVO 4G going to mix things up?

Sprint halves its quarterly customer loss, increases revenue for the first time in ages originally appeared on Engadget on Wed, 28 Apr 2010 14:09:00 EST. Please see our terms for use of feeds.

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