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Sep 30, 2022
U.S. Cellular Q3 2022 Earnings Report
Reported a decrease in net income but demonstrated growth in key areas such as tower portfolio and fixed wireless.
Key Takeaways
UScellular reported total operating revenues of $1,083 million for the third quarter of 2022, compared to $1,016 million for the same period one year ago. Net loss attributable to UScellular shareholders was $(12) million, or $(0.15) per share.
Total operating revenues increased to $1,083 million from $1,016 million year-over-year.
Service revenues totaled $781 million, compared to $788 million for the same period last year.
Net loss attributable to UScellular shareholders was $(12) million, compared to a net income of $34 million in the same period last year.
The company saw continued momentum in growth areas such as the tower portfolio and fixed wireless.
Forward Guidance
UScellular's current estimates of full-year 2022 results are shown below. Such estimates represent management’s view as of November 3, 2022 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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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