MetroPCS might just be a smaller regional carrier compared to T-Mobile, who is trying to acquire MetroPCS, but the regional carrier posted up its third quarter earnings for this year, and it looks like the company is doing fairly okay. MetroPCS posted a massive net profit of $193 million this quarter, which is $44 million more than the carrier made last quarter.
However, MetroPCS lost just over 300,000 subscribers during the third quarter, but a combination of money-saving tactics and investments in securities earned the company a total revenue of $1.26 billion. MetroPCS reported that they have just under nine million customers, and one million of those customers subscribe to the carrier’s LTE plans.
The network has lost just over 500,000 customers in the last six months, but CEO Roger Linquist said that next quarter will be when the carrier “re-energizes” its subscriber growth at the expense of their bottom line. Revenue growth compared to this time last year is minimal, with a total revenue of $1.21 billion during Q3 2011.
However, the carrier netted only $69 million last year, with a total nine-month net income of $210 million, compared to this year’s $363 million. MetroPCS sure knows how to save cash this time around, and with the company’s focus on re-energizing its subscriber growth, they could be in for an ever better Q4.