Revenue of the Sprint Corporation 2006-2019

In 2019, Sprint Corporation’s revenue amounted to 33.6 billion U.S. dollars, an increase of over one billion U.S. dollars from the year before. The company generates the majority of the revenue from its wireless subscriber service segment. The revenue split in 2013 marks the acquisition of what was then Sprint Nextel by the Japanese multinational telecommunications and Internet corporation SoftBank in July of that year. Half of the revenue belongs to the predecessor company and the other half is attributable to the successor company now known as Sprint Corporation.

Sprint compared to peers

Sprint’s average revenue per user (ARPU) compares favorably to both AT&T and T-Mobile, but performance is held back by a high overall churn rate. In fact, of the four big wireless carriers in the United States, Sprint has the highest postpaid churn rate, losing a greater percentage of customers per month than the other major wireless telecommunications providers in the United States (AT&T, Verizon Communications, and T-Mobile).

Sprint merger history

Known as Sprint Nextel Corporation until 2013, Sprint Corporation is a U.S. telecommunications operator with headquarters in Overland Park, Kansas. The company is one of the four major wireless telecommunications providers in the United States, along with AT&T, Verizon Communications, and T-Mobile. In 2013 the Japanese multinational telecommunications and Internet company SoftBank acquired a majority stake of then Sprint Nextel. After unsuccessfully trying to merge Sprint with T-Mobile, SoftBank agreed to sell Sprint to its competitor T-Mobile. The proposed merger has gained the approval of the U.S. Justice Department and the Federal Communications Commission and is set to be completed sometime in late 2019.

Sprint Corporation's revenue from 2006 to 2019 (in billion U.S. dollars)*

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Source

Release date

May 2019

Region

Worldwide

Survey time period

2006 to 2019

Supplementary notes

* The Company's financial statement presentations distinguish between the predecessor period (Predecessor) relating to Sprint Communications (formerly known as Sprint Nextel Corporation) for periods prior to the SoftBank Merger and the successor period (Successor) relating to Sprint Corporation, formerly known as Starburts II, for periods subsequent to the incorporation of Starburst II on October 5, 2012. The Successor financial information represents the activity and accounts of Sprint Corporation, which includes the activity and accounts of Starbust II prior to the close of the SoftBank Merger on July 10, 2013 and Sprint Communications, inclusive of the consolidation of Clearwire Corporation, prospectively following completion of the SoftBank Merger, beginning on July 11, 2013 (Post-merger period)
For 2007 through 2012 fiscal year ended December 31st (Predecessor); 2013 fincanial year ended December 31st.
** 191 days ended July, 2013 (Predeccessor): 16.89 billion U.S. dollars) / Year ended December 31, 2013 (Successor): 18.6 billion U.S. dollars
*** Year ended March 31

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