Sprint’s revenue trend
Sprint (S) reported fiscal 2018 third-quarter total net operating revenue of $8.6 billion—well above Wall Street analysts’ consensus estimate of $8.4 billion. Its top line grew ~4.4% YoY (year-over-year).
In the third quarter of fiscal 2017, Sprint’s total net operating revenue stood at $8.2 billion. The YoY rise in its operating revenue was mainly due to higher equipment rentals and sales.
In the third quarter of fiscal 2018, Sprint added 309,000 postpaid net customers compared to 256,000 net additions in the third quarter of fiscal 2017. However, Sprint lost net 26,000 postpaid phone subscribers in the quarter. The company also saw a net loss of 173,000 prepaid subscribers.
In comparison, Verizon’s (VZ) total revenue rose ~1.0% YoY to reach $34.3 billion in the quarter that ended on December 31, while AT&T’s (T) total revenue rose ~15.2% YoY to reach $48.0 billion in the period. T-Mobile (TMUS) hasn’t yet reported its financial results for the period. Wall Street expects T-Mobile’s total revenue to rise ~5.8% YoY to $11.4 billion.
In the next article, we’ll analyze Sprint’s wireless service revenue growth in the third quarter of fiscal 2018.