Sprint beats Q2 profit estimates, adds 87,000 net postpaid phone subscribers

Sprint beats Q2 profit estimates, adds 87,000 net postpaid phone subscribers
After both AT&T and Verizon revealed their Q2 results early last week, today Sprint has published its financial report for the three-month period ending June revealing an increase in subscriber numbers and a higher-than-expected profit.

Over the course of the three months, Sprint’s revenues totaled $8.13 billion, representing only a small decline over the $8.16 million it generated a year ago. This small decline unfortunately translated into a rather steep drop in profits, down from $206 million in Q2 2017 to $176 million. Nevertheless, these figures did still manage to surpass analyst expectations. In regards to subscriber numbers, as mentioned above the company continued to grow by adding a total of 87,000 net postpaid phone subscribers, equating to more than double the 40,000 that most analysts were expecting. 

During the quarter Sprint’s main focus continued to be upgrading its existing 4G LTE network with support for the 2.5GHz spectrum, while the overall reach of its network also continued to grow. Looking into the future, the fourth largest carrier confirmed that it has begun deploying Massive MIMO radios that will help with its 5G network once launched commercially. Moreover, the carrier is understood to be working closely with T-Mobile ahead of their merger which is expected to be complete by the end of H1 2019. 

While Sprint was relatively quiet when it came to its merger with T-Mobile, the latter company is set to hold its Q2 earnings call later today. So it’ll remain to be seen if any other details are revealed.

source: Sprint

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5 Comments

1. Venom

Posts: 3826; Member since: Dec 14, 2017

Sprint couldn't even get 4G to work the first time rushing out with WiMax instead of LTE so they can be the first to have 4G, so how can you trust them to get 5G right? They are still trying to get their network in order in 2018. I don't see a merger happening in this lifetime with another carrier. If anything, I see an outside company like Dish picking Sprint up and going from there.

2. QWIKSTRIKE

Posts: 1461; Member since: Mar 09, 2010

Sprint rushed to 4g with WiMax because they had to use the 2.5 spectrum by a certain time period or lose it. They chose to go forward because WiMax was set to be adopted and Verizon and AT&T decided to go lte. Since they owned the spectrum and technology from the Tmobile acquisition the government gave them only a few years to get the 2.5 spectrum in use or lose it.

3. QWIKSTRIKE

Posts: 1461; Member since: Mar 09, 2010

Sprint rushed to 4g with WiMax because they had to use the 2.5 spectrum by a certain time period or lose it. They chose to go forward because WiMax was set to be adopted and Verizon and AT&T decided to go lte. Since they owned the spectrum and technology from the Tmobile acquisition the government gave them only a few years to get the 2.5 spectrum in use or lose it.

4. DarthJarJar

Posts: 67; Member since: Feb 01, 2018

Those “subscribers” are just 3rd,4th, and 5th lines with no usage. Their employees are trained to add free smart phones with free service for anyone that has 2 lines or more. If you go in for 2, you walk out with 5. They only do 1 or 5 line transactions.

5. dollallama

Posts: 10; Member since: Dec 30, 2014

They actually aren't trained to do so and it is frowned upon to do so unless the lines will be used. Stores are charged back for phones that aren't used. Which means disciplinary action.

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