Sprint’s EBITDA growth in fiscal 2018’s third quarter
Previously, we looked at expectations for Sprint’s (S) revenue growth in the third quarter of fiscal 2018 (ended in December). In that quarter, analysts expect Sprint’s consolidated adjusted EBITDA to grow ~11.3% YoY (year-over-year) to $3.0 billion. In the second quarter of fiscal 2018, Sprint’s adjusted EBITDA rose YoY, to $3.3 billion from $2.7 billion, and its adjusted EBITDA margin expanded YoY to 56.5% from 45.7%, mainly due to the higher equipment rentals and lower SG&A (selling, general, and administrative) expenses.
In the quarter ended December 31, Verizon’s (VZ) adjusted EBITDA are expected to rise ~8.0% YoY to $11.6 billion, while T-Mobile’s (TMUS) are expected to rise ~6.7% YoY to $2.9 billion. The adjusted EBITDA for AT&T’s (T) combined domestic wireless operations (or AT&T Mobility) are expected to grow ~10.7% YoY to $7.0 billion. Next, we’ll look at Sprint’s wireless service revenue growth in the third quarter of fiscal 2018.