Sprint's Q4 wireline revenue rises to $859M with strong data, voice service results
Sprint's (NYSE: S) wireline revenues were a bit of a mixed bag in the fourth quarter of 2013, rising to $859 million sequentially but down year-over-over year from $949 million in the same period a year ago.
During the quarter, Sprint saw sequential increases in voice, data and Internet revenues.
Voice and data revenues were $386 million and $81 million, up from $333 million and $57 million, respectively. Internet revenues, however, rose only slightly to $374 million.
For the year, wireline revenues were $1.63 billion, down from $3.89 billion in 2012.
Similar to earlier quarters, Sprint continued to expand its cloud service product line, adding Microsoft Lync to its cloud-based unified communications (UC) solution, Sprint Complete Collaboration, which it debuted in 2012.
From an overall financial perspective, Sprint's operating revenue grew year-over-year to more than $9.1 billion for the fourth quarter and to $35.5 billion for the full year 2013. It also narrowed its losses by 22 percent year-over-year to $576 million.
The service provider forecast 2014 adjusted EBITDA to be between $6.5 billion and $6.7 billion.
Shares of Sprint were trading at $8.08, up 39 cents or 5.1 percent, in Tuesday morning trading on the New York Stock Exchange.
- see the earnings release
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