Sprint Gains Subs, Loses Operating Income
Sprint posted strong account gains but lower operating income in its latest quarter, adding nearly a million net new accounts, while net operating income dropped two percent and postpaid churn grew slightly.
Those account gains represented net customer additions up 42 percent year-over-year, while postpaid gross additions (not net additions) were at the highest level in three years, Sprint said.
The strong points were the subscriber gains and a shift in the customer mix towards higher-quality. Those gains came at the cost of higher churn rates and a dip in income.