Cingular Q3: $847 Million Net Income, 1.4 Million Net Adds

Cingular has released its Q3 results, showing positive outcomes. “Cingular reported its highest-ever net income of $847 million, increased its average revenue per user slightly and added 1.4 million net new subscribers during the third quarter. The carrier’s churn rate improved from 2.3 percent during the third quarter of 2005 to 1.8 percent this year, but increased sequentially from the 1.7 percent posted during the second quarter.”
The average revenue per user also increased, mainly due to an increase in data revenue. “ARPU was up 0.2 percent compared with the same period last year, from $49.65 to $49.76. Data ARPU boomed by 46 percent compared with 2005’s third quarter, making up $6.32 percent of ARPU.” From the press release: “This growth was spurred by the increasing popularity of downloadable games, ringtones, mobile instant messaging, mobile email, photo messaging, and media bundles. In addition, text messaging continued to grow. In the third quarter of 2006, Cingular had 28 million active data customers, and delivered 138 million multi-media messages and 10 billion text messages.”

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