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How Sprint’s Prepaid Customer Net Additions Stack Up with Peers

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Jun. 5 2019, Published 5:04 p.m. ET

Sprint’s prepaid net additions

Now let’s take a look at Sprint’s (S) prepaid subscriber net additions trend over the past few quarters. Sprint lost 30,000 net prepaid customers in the fourth quarter of fiscal 2018 (quarter ended March 31) compared to 173,000 net losses in the prior quarter and 170,000 net additions in the fourth quarter of fiscal 2017.

According to the company, “The year-over-year decrease was driven by higher net migrations to postpaid and lower gross additions resulting from the exit of certain channels, while the sequential increase was mostly driven by lower churn.”

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Peer comparison

As of March 31, Sprint’s prepaid customers had fallen ~1.9% YoY to 8.8 million. AT&T’s (T) number of prepaid customers grew ~9.6% YoY to 17.2 million. T-Mobile’s (TMUS) number of prepaid customers increased ~1.6% YoY to 21.2 million by the end of the same period.

In the quarter, which ended on March 31, T-Mobile reported 69,000 prepaid customer net additions, while AT&T added 96,000 net prepaid customers.

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