Sunday, May 6, 2007

Sprint 1st Quarter Results

Sprint reported a net income loss of $211 million for the first quarter. The company saw positive subscriber growth, but still reported a loss for post-paid subscribers.

Net Additions = 600,000 (had a loss of 220,000 post-paid subscribers)
Total Churn = 2.3% (unchanged from 4th quarter, but up from 2.1% reported in 1Q06)
Post-Paid ARPU (Avg. Revenue Per User) = $59 (5% decrease year over year)
Data ARPU = $9.25(industry high - 44% increase year over year)
Wireless Revenues = $10.1 billion

Sprint ended the quarter with 53.6 million total subscribers.

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