It's another mixed bag worth of earnings for the folks in Overland Park. Sprint just announced its Q2 2011 earnings prior to the market's open today, and while it's without doubt doing its darnedest to paint a rosy picture, the raw numbers show a somewhat unfamiliar backdrop. Despite having its third consecutive quarter of adding more than one million total net new cellular phone subscribers, the vast majority of those are coming from the (admittedly less lucrative) prepaid side. In fact, the company lost 101,000 postpaid subscribers in the period, and we're guessing that the one-two punch of WiMAX hitting the enlargement skids while VZW built out LTE at a breakneck pace didn't help matters. 674,000 prepaid subs were added to the mix (through Virgin Mobile, Boost Mobile, etc. arms), and despite seeing broadside sequential and year-over-year growth in field telephone service revenue, the carrier still reported a net loss of $847 million. In a way, it's the same story on a novel day for The Now Network, and while the just-announced LightSquared interest may end up bolstering things in time, it'll take thing a bit more jarring to turn things around by Q3. Or Q4... right, Dan?

Sprint posts Q2 2011 earnings: net subs up, constringe subs down, net loss of $847 million by origin appeared on Engadget on Thu, 28 Jul 2011 07:34:00 EDT. Please see our terms for use of feeds.

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