uploads///Telecom Sprint Q Adjusted EBITDA

How Much EBITDA Growth Will Sprint Record in Q4?

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Apr. 15 2019, Published 10:02 a.m. ET

Sprint’s EBITDA growth

For the fourth quarter of fiscal 2018, analysts expect that Sprint (S) will report a consolidated adjusted EBITDA of $3.0 billion. Sprint’s adjusted EBITDA in the fourth quarter of fiscal 2018 is expected to increase ~9.0% YoY (year-over-year) from $2.8 billion in the fourth quarter of fiscal 2017.

In the third quarter of fiscal 2018, Sprint reported an adjusted EBITDA of $3.1 billion—compared to $2.7 billion in the third quarter of fiscal 2017. The company’s adjusted EBITDA margin expanded to 54.4% in the third quarter of fiscal 2018 from 45.9% in the third quarter of fiscal 2017.

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In the third quarter of fiscal 2018, Sprint realized $100 million in net cost reductions YoY in combined operating expenses across the cost of services and selling, general, and administrative expenses. The company expects YoY net cost reductions of ~$500 million for fiscal 2018.

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Peer comparison

Verizon’s (VZ) consolidated adjusted EBITDA is expected to rise ~3.1% YoY to $12.1 billion in the fourth quarter. T-Mobile’s (TMUS) adjusted EBITDA is expected to increase ~8.8% YoY to $3.2 billion. AT&T’s (T) consolidated adjusted EBITDA is expected to grow ~19.4% YoY to $14.9 billion.

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