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Dec 31, 2023
U.S. Cellular Q4 2023 Earnings Report
UScellular's financial performance in Q4 2023 resulted in a net income of $14 million and total operating revenues of $1,000 million.
Key Takeaways
UScellular reported Q4 2023 total operating revenues of $1,000 million, compared to $1,048 million for the same period one year ago. Net income attributable to UScellular shareholders was $14 million, or $0.16 per share, compared to a loss of $(28) million, or $(0.33) per share, in the same period one year ago.
Postpaid ARPU grew 2% year over year.
Fixed wireless customers increased 46% year over year, reaching 114,000.
Tower rental revenues grew 8% year over year, reaching $100 million.
The company began launching its 5G mid-band network.
U.S. Cellular
U.S. Cellular
U.S. Cellular Revenue by Segment
Revenue by Segment
Service Revenue
CapyFin.com Forward Guidance
UScellular provided estimates for full-year 2024 results, including service revenues 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.
Positive Outlook
- Focus on improving subscriber results.
- Drive growth in fixed wireless.
- Drive growth in towers.
- Maintain financial discipline.
- Advance the network through mid-band deployment.
Challenges Ahead
- Intense competition.
- Smaller scale relative to larger competitors.
- Uncertainties in future cash flows and liquidity.
- Deterioration of U.S. or global economic conditions.
- Impact, duration and severity of public health emergencies.