$7.1 billion in revenue, 5 million phones shipped, $29 million in operating income
Sprint reported their first quarter financial results for 2013 today, which included $7.1 billion in revenue - that's 9% up from Q1 last year, and their new all-time high. Sprint boasted that this quarter they've enjoyed the fastest year-over-year increase in operating income in more than six years: $29 million, which is up 25% from the same figure in 2012. After all was told though, Sprint still reported a net loss of $643 million, which isn't quite as bad as the $863 million loss last year, and definitely the $1.3 billion loss last quarter.
Sprint felt it necessary to point out that 1.5 million of their 5 million smartphone sales this quarter were iPhones, because nobody cares about where the other 3.5 million phones came from, I guess?
CEO Dan Hesse commented on the quarter's results.
"This is a transformative year for Sprint and we’ve gotten off to a good start. Record Sprint platform service revenue and subscriber levels fueled our performance. We achieved significant Adjusted OIBDA growth while investing heavily to improve our network, expanding our 4G LTE footprint and offering customers the best smartphones with truly unlimited data plans."
So, how many of you switched to Sprint last quarter? Happy with the service? Anyone interested in checking out the financial nitty-gritty can hit the source link below.
Source: Sprint
Reader comments
Sprint reports net loss of $643 million in Q1 2013
I been with Sprint since 2004 and was fairly happy until I changed markets. Now that live in Charleston I HATE Sprint. No 4g and the 3g is horrible. I have a S3, my friends pull there AT&T and Big Red phones out to stream music and watch YouTube and I am stuck with a slow data stream no way to do either of those. I just to lazy to switch. I would love to get a new S4 but what is the use if I cant use it. There service sucks that's why they are losing costumers and revenue.
240 for 4 phones. Unlimited everything.
I have been with sprint for over 13 years and not had an issue :-)
I've been with Sprint for a few months now on a family plan(grandfathered in) . Overall I'm very satisfied. $240 after taxes for unlimited everything is unbeatable. Ive had ATT, TMOUS, and now Sprint. No LTE in Denver but 3G is bearable. When Sprint completes its network upgrade nationwide, it will be hands down the best carrier out there. TMOUS could be in the mix with the no contract deal but I'm curious to see if that will cut back on updates and customer service like all the other no contract carriers who suck. I.E. Cricket, Metro, etc..
tmobile is $120 unlimited everything for two phones. ive been with sprint since 2001. why do i pay $155 for unlimited everything for two phones. data is so slow and im not into paying more. ive got one more year in my contract then im going to tmobile. sprint isnt the only unlimited carrier anymore.
I've been hanging on in Des Moines. We have terrible service compared to ATT and VZ. Looks like we might have LTE by summer but after that I'll be shopping for a new carrier. 12+ yrs with Sprint.
I just switched to Sprint, my service in my town is horrible. There is currently 2 towers here.I'm holding out because its supposed to get better by the end of the year. If things don't change I'm definitely going to have to switch.
I just switched to Sprint, my service in my town is horrible. There is currently 2 towers here.I'm holding out because its supposed to get better by the end of the year. If things don't change I'm definitely going to have to switch.
I just switched to Sprint, my service in my town is horrible. There is currently 2 towers here.I'm holding out because its supposed to get better by the end of the year. If things don't change I'm definitely going to have to switch.
disappointment incorporated
hurry up and wait
Lol
Left Vz for Sprint. VZ HAD BETTER SERVICE IN OUR AREA, BUT SPRINT'S UNLIMITED DATA PLANS MADE IT A NO-BRAINER FOR OUR FAMILY.
It should be noted that Sprint is the only U.S. carrier building a new network from the ground up. So it's not surprising Sprint is experiencing some losses.
Been with them 10 years, lots of ups and down. I'm in the Bronx, New York. Were I live I get excellent LTE and around the areas I work and hang out in as well. 3G had been improved and signal was bad the past few months while they were upgrading the network but now it's great, overall satisfied
I used to be a big fan of Sprint but there has been a significant drop in customer service since 2011 (when they decided to agree to spend 15.5 billion on apple products. From 2007-2011 it seemed like the focus was to rebuild by retaining loyal customers, now they don't care about retaining customers its all about getting new customers on a 2 year contract and when that is up try to replace them with another sucker.
I'm satisfied with Sprint. The network speeds aren't a huge issue for me, in part because I'm on WiFi at home and at work, but in the Washington, DC area 3G speeds are generally pretty good, and the LTE network is being rolled out.
I don't think I could get a family plan as complete as mine for the same cost on any of the other major carriers, and the few times I've needed customer service it's come through. And the clarity of Sprint's CDMA voice network puts every GSM phone I've used to shame.
Oh, and compared to Verizon's "you're the customer, we hate you, and we'll do everything we can to screw you" approach to plans and upgrades, Sprint seems almost friendly.
I'm satisfied with Sprint. The network speeds aren't a huge issue for me, in part because I'm on WiFi at home and at work, but in the Washington, DC area 3G speeds are generally pretty good, and the LTE network is being rolled out.
I don't think I could get a family plan as complete as mine for the same cost on any of the other major carriers, and the few times I've needed customer service it's come through. And the clarity of Sprint's CDMA voice network puts every GSM phone I've used to shame.
I'm only happy with Sprint at the moment because I'm still on a WiMax phone in a well covered WiMax market. 3G is terribly slow and basically unusable. I'm due an upgrade in a week and I don't want to bother because all the new phones are LTE and they're just rolling out LTE with no guarantee that LTE will work remotely as well for me.
How can lte not work better for you than wimax??
I have working WiMax now where I need it. Who knows if LTE will work in those same areas if/when they finish the tower upgrades.
I'm a sprint customer and I'm not happy with sprint at all, the 3g speeds are horrible. Then here in St. Louis there's a lot of paces that I don't have service. It takes so long to do
simple things like transferring money for my bank account the other day, I'm really unhappy about it. I know when my contract is up I'm going to AT&T my girlfriend has the same Galaxy s3 as I do for them it's a night and day difference. Yes evetytime I talk to sprint they say they're rolling out 4G LTE and it should be in St. Louis soon but even when they do I still think it'll be a long tims before it catches up to other carriers. Just my thoughts...
My wife and I are in the same boat, except we decided to bolt 8 months into our contract to AT&T and haven't been happier. Our connections were absolutely awful and home/work for both of us and they told us the same thing. There was nothing wrong with their network and they told me "If you just hang in there we're rolling out 4G LTE in Cleveland real soon and things will get better!". After that explanation we went to AT&T and signed up. lol.
I'm in Cleveland also & they told me the same crap exactly a year ago. I just happened to be on the phone with them while they were telling me this mess, as I rode past a Verizon store. I ditched them that day for Verizon & haven't looked back since. Best wireless decision I made. My cousins still have Sprint & while they claim they don't have any issues, they're always talking about not receiving calls or texts....I just laugh to myself because they are so attached to unlimited data. There's no point of unlimited data if you barely have service. Yes, I pay more but I actually get what I'm paying for lol. Sprint sucks real bad here!!
I'm MOSTLY happy with Sprint, but I'm pretty ticked off that they aren't being more open about LTE deployment. I know towers in my area are being worked on because of the permits, but I don't know what the timeline is, and I don't know if they're currently working (which would explain my recent variable performance).
JUST TELL US WHAT'S GOING ON, SPRINT! :-)
You can check what they are doing/planning here https://network.sprint.com/
I live in Los Angeles and saw LTE light up on several areas before it was officially announced. So, you may get LTE (though it will be on/off) before it's officially launched.
"Sprint felt it necessary to point out that 1.5 million of their 5 million smartphone sales this quarter were iPhones,..."
Well when you invest that much money in a single product offering, you better make your shareholders feel it was worth it. Or at least give the illusion it was.
They also care because Sprint has to sell $15.5b in Apple products as part of their agreement. Therefore, the investors care. If that $15.5b is done (I couldn't find an end date), then it's probably a case that it used to be important in their reports and in corporate life, you just update last reports numbers and resubmit.
I've been with sprint 6years loving at unlimited plans can't and wont change...
Left Sprint for StraightTalk last year and haven't looked back. Not missing the 56k download speeds.
I also left sprint for Straight Talk through ATT and I never looked back. I also no longer miss the dropped phone calls and 8600 baud speeds that plagued their network. I have not had a dropped call since i switched and the 3g speeds are much much faster. No surprised that Sprint is struggling.
Never had a dropped call in 12 years on Sprint. Slow 3G over the last two years? Yes. Fast 4G now? Yes.
The longer I am with Sprint, the happier I get.
Same, I pretty much frequent the same handful of places when I'm not at home and the transformation I've seen from how much service I got 6 months ago to now is phenomenal.
My brother has Verizon, I have Sprint. He laughed at me for my $10 premium data charge last month. I laughed at him for the $60 more on his bill this month for using the same amount of data as me.
Haha. I love it. I'm a pretty happy Sprint customer overall. With 5 smartphones all on unlimited data pulling around 1-1.5 mps in our small town in southeastern OH only on 3g the speeds are good enough. And actually Verizon is what most people have here, but the data speeds for them on 3g are inconsistent. There is no 4g on any carrier in my area that I know of so it works for me. :)
I had the exact opposite reaction living in Orange County/Los Angeles areas. The longer I was with them the worse the speeds and service got.
Moved to T-mobile and absolutely loving their service, support, and everything!