Sprint’s revenue trend
In the fourth quarter of fiscal 2018, Sprint (S) reported total net operating revenues of $8.4 billion, well above the Wall Street analyst consensus estimate of $8.2 billion. Its top line grew by ~4.4% YoY. In the fourth quarter of fiscal 2017, Sprint’s total net operating revenues stood at $8.1 billion. The YoY increase in net revenues was mainly driven by higher equipment rentals and sales.
In the fourth quarter of fiscal 2018, Sprint’s service revenues declined ~3.6% YoY to reach $5.7 billion, equipment sales increased ~31.9% YoY to reach $1.4 billion, and equipment rentals grew ~19.6% YoY to reach $1.4 billion.
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In the fourth quarter of fiscal 2018, Sprint added 169,000 postpaid net customers compared to 39,000 net additions in the fourth quarter of fiscal 2017. However, Sprint lost a net of 189,000 postpaid phone customers in the fourth quarter of fiscal 2018. The company also saw a net loss of 30,000 prepaid customers.