Sprint’s wireless service revenue
In the previous article, we learned that Sprint’s (S) consolidated revenue rose ~4.4% YoY (year-over-year) to $8.6 billion in the third quarter of fiscal 2018. Meanwhile, the carrier’s wireless revenue rose ~5.3% YoY to $8.4 billion.
Now let’s look at the two significant divisions of Sprint’s wireless revenue. The larger part is the company’s wireless service revenue, and the smaller part is its wireless equipment revenue. Sprint’s wireless service revenue fell ~3.0% YoY to reach $5.4 billion in the third quarter of fiscal 2018. However, excluding the impact of the new revenue recognition accounting standard, the company’s wireless service revenue rose ~0.5% YoY to reach $5.6 billion in the third quarter of fiscal 2018. This increase was mainly the result of growth in its retail subscriber base.
Performances of other US wireless carriers
In comparison, Verizon’s (VZ) wireless service revenue rose ~0.1% YoY to $15.9 billion in the quarter that ended on December 31, while AT&T’s (T) wireless service revenue from its combined domestic operations fell ~3.0% YoY to reach $13.9 billion in the period.
T-Mobile (TMUS) hasn’t yet reported its financial results. Wall Street expects its wireless service revenue to rise ~5.7% YoY to $8.2 billion in the period.