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Mar 31, 2022
U.S. Cellular Q1 2022 Earnings Report
U.S. Cellular's first quarter results showed growth in retail service revenue, driven by the positive impact of ARPU.
Key Takeaways
UScellular reported total operating revenues of $1,010 million for the first quarter of 2022, versus $1,023 million for the same period one year ago. Net income attributable to UScellular shareholders and related diluted earnings per share were $49 million and $0.57, respectively, for the first quarter of 2022 compared to $60 million and $0.69, respectively, in the same period one year ago.
Growth in retail service revenue, driven by the positive impact of ARPU.
Focus on growth areas of the business, including prepaid, business and government, and fixed wireless.
Fixed wireless gross additions increased year-over-year.
Momentum continues to build in our tower business, which produced double-digit revenue growth for the first quarter.
U.S. Cellular
U.S. Cellular
U.S. Cellular Revenue by Segment
Revenue by Segment
Wireless Revenue
CapyFin.com Forward Guidance
UScellular’s current estimates of full-year 2022 results are shown below. Such estimates represent management’s view as of May 5, 2022 and should not be assumed to be current as of any future date.
Positive Outlook
- Service revenues $3,100-$3,200 million (Unchanged)
- Adjusted OIBDA $750-$900 million (Unchanged)
- Adjusted EBITDA $925-$1,075 million (Unchanged)
- Capital expenditures $700-$800 million (Unchanged)