John Paczkowski

Recent Posts by John Paczkowski

Sprint Nextel Still Struggling to Keep Subscribers

Sprint hasn’t posted a quarterly net gain in wireless subscribers in longer than anyone would care to remember, and its latest quarter was no different. Reporting fourth-quarter earnings this morning, the carrier said it lost a net 148,000 subscribers during the quarter. 504,000 contract or “postpaid” subscribers fled, but the carrier offset those losses by signing up 435,000 “prepaid” customers.

This was a marked improvement from the third quarter, when Sprint (S) lost a net 545,000 subscribers. So Sprint, while clearly not taking market share away from Verizon (VZ) and AT&T (T), is at least it’s doing a better job of holding on to the market share it has–or is at least losing share less quickly than previously (see charts; click to enlarge).

Not that this effort is helping the company’s bottom line all that much. For the quarter, Sprint posted a loss of $980 million, or 34 cents per share, compared with a loss of $1.6 billion, or 57 cents per share a year earlier. Excluding charges, that loss was 23 cents per share–quite a bit worse than the loss of 19 cents analysts had been expecting. Revenue was disappointed as well, falling to $7.87 billion from $8.43 billion. Analysts had been expecting $8.01 billion.

So when can we expect Sprint to return to subscriber and revenue growth? On a conference call with analysts this morning CEO Dan Hesse declined to say.


Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

Latest Video

View all videos »

Search »

I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik