Sprint posts best subscriber additions in 9 years, still loses $302 million
Sprint is the carrier that everyone loves to hate. They’re struggling to keep up with the big boys, and their past reputation still haunts them. Their newest marketing campaign uses the former “Can You Hear Me Now” guy to show that Sprint is just as good as everyone else. Has the plan worked? Kinda.
Sprint has reported its financial numbers for Q1 of 2016. The good news for Sprint is they posted the highest subscriber additions in 9 years. 173,000 new post-paid subscribers and a net of 377,000 new subscribers in total. This is the fourth quarter in a row that Sprint has seen subscriber growth. The bad news is Sprint still had a net loss of $302 million. That compares to $20 million loss in the same quarter last year. That’s a pretty big difference. Operating revenues came in at $8 billion.
It’s not all doom and gloom for Sprint, but they definitely still have some problems to work through.
[via Sprint]