U.S. Cellular Q2 2022 Earnings Report
Key Takeaways
UScellular reported total operating revenues of $1,027 million for the second quarter of 2022, a slight increase from $1,014 million in the same period last year. Net income attributable to UScellular shareholders was $21 million, or $0.25 per share, compared to $35 million, or $0.39 per share, in the same period one year ago. The company is seeing momentum in fixed wireless and their tower portfolio.
Total operating revenues increased to $1,027 million, compared to $1,014 million year-over-year.
Service revenues reached $783 million, up from $774 million in the same period last year.
Net income attributable to UScellular shareholders was $21 million, or $0.25 per share.
UScellular reaffirmed its full-year 2022 guidance for service revenues, adjusted OIBDA, adjusted EBITDA, and capital expenditures.
U.S. Cellular
U.S. Cellular
Forward Guidance
UScellular reaffirmed its full-year 2022 guidance. Service revenues are expected to be between $3,100 million and $3,200 million. Adjusted OIBDA is projected to be in the range of $750 million to $900 million. Adjusted EBITDA is estimated to be between $925 million and $1,075 million. Capital expenditures are anticipated to be in the range of $700 million to $800 million.
Positive Outlook
- Service revenues are expected to be between $3,100 million and $3,200 million.
- Adjusted OIBDA is projected to be in the range of $750 million to $900 million.
- Adjusted EBITDA is estimated to be between $925 million and $1,075 million.
- Capital expenditures are anticipated to be in the range of $700 million to $800 million.