Sprint posts Q2 figures

By the numbers posted today by Sprint, the company has a net loss instead of a profit. The company's total revenues for the quarter were US$9.1 billion, down $1.1 billion from Q2 2007. Its income figures worked out to a loss of $344 million for this quarter as compared to a Q2 2007 profit of $19 million.

Sprint loss a net 900k customers over the course of the quarter, dropping to 51.9 million total. The company had 54 million subscribers at this time last year. Its subscriber churn rate has improved, though, dropping .45 percent to just under 2.0 percent. Sprint says that its subscriber base is made up of 35.5 million CDMA users, 14.6 million Nextel iDEN users, and 1.7 million hybrid PowerSource users that have devices that work on both networks.

Sprint reported that its wireless subscriber ARPU (average revenue per user) remained stable at $56, but that data is making up an ever larger portion of that figure, standing currently at $15 per user.