Sprint reports strong sales for 4th quarter, year driven by 4G LTE growth

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Sprint reported fourth quarter and annual financial results today driven by record wireless service revenues. Fourth quarter net operating revenue totaled $9 billion, including $7 billion from Sprint platform wireless service. On an annual basis, the numbers were $35.3 billion and $27.1 billion respectively. This represented growth of 12 percent year-over-year for the fourth quarter and 15 percent growth for the full year.


The Sprint subscriber base grew for the eleventh consecutive quarter, helped by strong 4G LTE sales and a good recapture rate for Nextel customers as that platform was shutting down. Despite the strong revenue numbers, Sprint reported a net loss of $1.3 billion for the fourth quarter. Dan Hesse, Sprint CEO, attributes the overall loss to investments in Network Vision and the iPhone, which drove up costs.

Sprint reported they had a total of 4 million 4G LTE smartphones activated on the network as of the end of 2012. Sprint now has 15 4G LTE devices in the portfolio, including Apple devices, the LG Optimus G and the Samsung Galaxy Note II. Sprint’s 4G LTE network has launched in 58 cities and 170 more are expected to be added in the comping months.

source: Sprint


About the Author: Jeff Causey

Raised in North Carolina, Jeff Causey is a chief financial officer and licensed CPA in Durham, North Carolina. Jeff has owned an HTC EVO, a Samsung Note II, and a Samsung Galaxy Tablet 10.1. He currently uses an LG G3 and a Nexus 7 (2013). Recently Jeff added Google Glass to his stable of tech gadgets. Unfortunately, his wife and kids have all drunk the Apple Kool-Aid and have i-devices. Life at home often includes demonstrations of the superiority of his Android based devices. In his free time, Jeff is active in his church, a local MINI Cooper car club, and his daughter's soccer club. Jeff is married, has three kids, and a golden retriever.