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Mar 31, 2023
U.S. Cellular Q1 2023 Earnings Report
Reported first quarter 2023 results and reaffirmed 2023 guidance.
Key Takeaways
UScellular reported total operating revenues of $986 million for the first quarter of 2023, compared to $1,010 million for the same period one year ago. Net income attributable to UScellular shareholders was $13 million, or $0.15 per share, compared to $49 million, or $0.57 per share, in the same period one year ago.
Postpaid subscriber trends improved year over year, but net subscriber losses still occurred during the quarter.
Significant investments continue to be made in advancing the network.
The cost optimization program is helping to improve efficiency.
Fixed wireless and towers had another strong quarter, showing momentum in these growth areas.
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 2023 results are shown below. Such estimates represent management’s view as of May 4, 2023 and should not be assumed to be current as of any future date. UScellular undertakes no duty to update such estimates, whether as a result of new information, future events, or otherwise. There can be no assurance that final results will not differ materially from estimated results.
Positive Outlook
- Service revenues $3,050-$3,150 million
- Adjusted OIBDA $725-$875 million
- Adjusted EBITDA $875-$1,025 million
- Capital expenditures $600-$700 million