Question-and-Answer Session
Operator
(Operator Instructions) Our first question comes from Jason Armstrong - Goldman Sachs.
Jason Armstrong - Goldman Sachs
Good morning, couple of questions. Maybe first on the EBITDA trajectory, another good quarter of sort of sequential performance there, as we sift through the moving parts it looks like you really benefited both on the top line and sort of from a cost structure prospective. Maybe specifically if we can hit SG&A, obviously there was a reversal of from stuff in 3Q which made SG&A a lot lower.
That obviously contributed to the EBITDA growth. Is that sort of a baseline to think about going forward, is there anything sort of non-recurring in that number that maybe causes a little bit of pressure on EBITDA as we head into 4Q? And the second question, just on the FX hit, you gave us some pretty good detail around natural currency hedges, but I think you did mention that there will be a more material hit in 4Q which we seem to be hearing from a lot of carriers, obviously.
Can you help us think through maybe be sort of put percentages behind it, what percent of revenue hit would you expect sort of given what you know right now? Thanks.
John Legere
I’ll let John walk you though the SG&A question, start the FX and I’ll come in behind you.
John Kritzmacher
First, with respect to your question with regard to SG&A, there was really nothing unusual about our SG&A results for the third quarter and we continued to control our operating expenses including SG&A, so we continue to gain leverage as we grow the business. So you can think of that as a reasonable proxy for our cost of SG&A on an exit basis from the third quarter.
With respect to foreign exchange, let me put a little more color around our foreign exchange. Obviously as we’ve said, we collect 55% of our revenue in U.S. dollars and that’s a reasonable proxy for the profile of our cost structure as well. The other currencies that are important to the operation of our business are the pound, the euro and the Brazilian reals.
We described the impact of the pound in the quarter. I felt that with regard to the Brazilian reals, for the most part over the period, Q3 as compared to Q2 the reals was appreciating relative to the dollar and then it moved very quickly in the opposite direction toward the end of the third quarter. So there was a relatively modest impact there.
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