Sprint’s wireless service revenues
In this part, we’ll discuss Sprint’s (S) wireless service revenue trend over the last few quarters. Service revenues are a stable revenue stream that’s common for mobile operators. For the fourth quarter of fiscal 2018, analysts expect Sprint’s wireless service revenues to fall ~3.1% YoY (year-over-year) to $5.4 billion.
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In the third quarter of fiscal 2018, Sprint’s wireless service revenues fell ~3.0% YoY to $5.4 billion. However, excluding the impact of a new revenue recognition accounting standard, the telecom company’s wireless service revenues grew ~0.5% YoY to $5.6 billion in the third quarter of fiscal 2018. The increase was mainly driven by growth in the retail subscriber base.
Analysts expect Verizon’s (VZ) wireless service revenues to rise ~3.1% YoY to $15.9 billion in the fourth quarter. T-Mobile’s (TMUS) wireless service revenues are expected to grow ~7.6% YoY to $8.4 billion. AT&T’s (T) combined domestic wireless operations service revenues are expected to increase ~3.8% YoY to $13.9 billion.