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Jun 30, 2024
U.S. Cellular Q2 2024 Earnings Report
U.S. Cellular's Q2 2024 financial performance reflected increased operating income and postpaid ARPU growth, while announcing the sale of wireless operations.
Key Takeaways
U.S. Cellular reported total operating revenues of $927 million for the second quarter of 2024, compared to $957 million for the same period one year ago. Net income attributable to UScellular shareholders was $17 million, or $0.20 per share, compared to $5 million, or $0.05 per share, in the same period one year ago. The company announced the sale of its wireless operations and select spectrum assets and is reporting Wireless and Towers segments.
Announced sale of wireless operations and select spectrum assets.
Wireless segment saw sequential improvement in postpaid gross additions and postpaid net losses.
Postpaid ARPU grew 2%; however, service revenues decreased 2%.
Towers segment experienced a 1% increase in third-party tower revenues and a 40% growth in fixed wireless customers, reaching 134,000.
Forward Guidance
UScellular reaffirmed its full-year 2024 estimates for service revenues, adjusted OIBDA, adjusted EBITDA, and capital expenditures.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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