Most people haven't paid a whole lot of attention to MetroPCS prior to its announcement of merger plans with T-Mobile USA, but now the earnings may be worth a look. For the third quarter of 2012, the regional carrier posted net income of $193 million (operating income $292 million) on revenues of $1.25 billion. Net income was up substantially from the year previous, while revenues were nearly flat.
Subscriber churn remained high at 3.7-percent, although it was a decrease from 4.5-percent in the same period last year. Net subscriber losses of 312,291 for the quarter brought the total subscriber count just under 9 million. Even with the net losses in customers, ARPU (Average Revenue Per User) remained flat at $40.50, but on a good note CPU (Cost Per User) dropped slightly to $18.38.
This quarter was a bit of a mixed bag for MetroPCS. We'll see how things shape up as the merger comes closer to completion in 2013.
Source: MetroPCS Investor Relations