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Jun 30, 2021
U.S. Cellular Q2 2021 Earnings Report
Reported strong growth in service revenue and made meaningful progress towards its strategic priorities.
Key Takeaways
U.S. Cellular reported total operating revenues of $1,014 million for the second quarter of 2021, versus $973 million for the same period one year ago. Net income attributable to UScellular shareholders and related diluted earnings per share were $35 million and $0.39, respectively.
UScellular continued strong growth in service revenue.
Higher postpaid ARPU helped drive service revenue growth as customers chose higher-value plans.
Efforts to expand prepaid business are starting to generate positive results.
5G and network modernization programs are on track.
Forward Guidance
UScellular’s current estimates of full-year 2021 results are shown below. Service revenues $3,050-$3,150 million, Adjusted OIBDA $850-$950 million, Adjusted EBITDA $1,025-$1,125 million, Capital expenditures $775-$875 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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