Sprint’s quarterly report is looking relatively rougher than Rogers‘. Net revenues are down $384 million, a 10% year-over-year loss putting them at the $8.1 billion mark. 257,000 subscribers left Sprint in the last quarter, resulting in a net total of 48.8 million wireless customers. On the plus side, net debt decreased $700 million to $16.4 billion, and churn continued its decline to 2.05%, although that’s little consolation given the other numbers. As for the Palm Pre’s performance, CEO Dan Hesse said it was their smoothest launch to date, despite reports that return rates are in the region of 40%. Sprint recently bought up Virgin Mobile U.S., which will likely boost Sprint’s dwindling prepaid numbers in future quarters. So, what’s to look forward to? WiMAX rollouts are underway, which hold a bright future for mobile broadband, if not handsets, and we’re hearing they’ll be bringing Android to the party before the end of the year.
Take a look at Sprint’s rapidly dropping stock on our finance page, or comb through the numbers in their Q2 2009 financial report.