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Mar 31, 2024
U.S. Cellular Q1 2024 Earnings Report
U.S. Cellular reported strong bottom-line results, driven by postpaid ARPU growth and expense discipline. Postpaid churn improved year-over-year, and fixed wireless continued its strong customer growth trajectory.
Key Takeaways
U.S. Cellular reported total operating revenues of $950 million for Q1 2024, compared to $986 million in the same period last year. Net income attributable to UScellular shareholders was $18 million, with diluted earnings per share of $0.20.
Service revenues decreased 2%
Postpaid ARPU grew 3%
Net income, Adjusted OIBDA and Adjusted EBITDA up significantly
Postpaid churn rate reduced 4%
U.S. Cellular
U.S. Cellular
U.S. Cellular Revenue by Segment
Revenue by Segment
Service Revenue
CapyFin.comEquipment Sales Revenue
CapyFin.com Forward Guidance
UScellular reaffirmed its full-year 2024 estimates, with service revenues expected to be between $2,950 million and $3,050 million, Adjusted OIBDA between $750 million and $850 million, Adjusted EBITDA between $920 million and $1,020 million, and capital expenditures between $550 million and $650 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income