Sprint today announced its fiscal Q2 2015 results, making it the final major US carrier to release its earnings this quarter.
Sprint added 1.1 million customers in Q2 2015, a number that includes 553,000 postpaid adds and a loss of 363,000 prepaid customers (199,000 migrated to postpaid). Postpaid churn for the quarter finished at 1.54 percent, down from 2.18 percent in Q2 2014. At the end of the quarter, Sprint had 57.87 million customers on its network.
Turning to financials, Sprint reports that its net operating revenue for Q2 2015 was $8 billion, but it also posted a net loss of $585 million. That’s an increase from the $20 million loss that Sprint posted in Q1 2015, but a decrease from the $765 million loss it incurred in Q2 2014.
Sprint had itself a nice quarter on the customer side of things, adding more than 1 million new connections and posting a significant drop in churn year-over-year. The company paid for those adds, though, reporting a net loss of more than half a billion dollars. Sprint CEO Marcelo Claure says that his company is focused on simplifying how Sprint operates, though, so perhaps we’ll see better financials from the big yellow carrier in the quarters ahead.
