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Sep 30, 2024
U.S. Cellular Q3 2024 Earnings Report
Reported a decrease in revenue and a net loss due to a license impairment.
Key Takeaways
U.S. Cellular reported a decrease in total operating revenues to $922 million, compared to $963 million in the same period last year. The company experienced a net loss attributable to UScellular shareholders of $(79) million, or $(0.92) per share, compared to a net income of $23 million, or $0.26 per share, in the same period last year. Excluding a license impairment, net income was $23 million, or $0.26 per share.
Announced the sale of select spectrum assets for $1 billion to Verizon in October 2024, and the sale of additional spectrum to two other mobile operators.
Improved wireless operating results with postpaid handset net losses improving.
Postpaid ARPU grew 2%, while service revenues decreased 2%.
Fixed wireless customers grew 32% to 140,000.
Revenue by Segment
Forward Guidance
UScellular's current estimates of full-year 2024 results are shown below. Such estimates represent management’s view as of November 1, 2024.
Positive Outlook
- Service revenues $2,950-$3,000 million
- Adjusted OIBDA (Non-GAAP) $800-$875 million
- Adjusted EBITDA (Non-GAAP) $970-$1,045 million
- Capital expenditures $550-$600 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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