United States Cellular Corp

USM

Equity

ISIN US9116841084 / Valor 980950

New York Stock Exchange, Inc (2025-03-14)

USD 65.38+2.80%

United States Cellular Corp
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About company

United States Cellular Corp is a regional provider of wireless telecommunications services in the United States.

Summarized from source with an LLMView SourceSector: Telecommunications

Revenue Decline

United States Cellular Corp reported total operating revenues of $922 million for the third quarter of 2024, a decrease from $963 million in the same period of the previous year. This decline reflects challenges in maintaining revenue growth amidst competitive market conditions.

Service Revenue

Service revenues for United States Cellular Corp in the third quarter of 2024 totaled $747 million, compared to $762 million in the third quarter of 2023. The slight decrease in service revenues indicates a need for strategic adjustments to enhance customer retention and acquisition.

Net Income Loss

United States Cellular Corp reported a net income loss attributable to its shareholders of $(79) million for the third quarter of 2024, with a diluted earnings loss per share of $(0.92). This is a significant drop from the net income of $23 million and earnings per share of $0.26 reported in the same quarter of the previous year.

Impairment Impact

The financial results for the third quarter of 2024 were impacted by a license impairment of $136 million, primarily related to the retained high-band spectrum unit. Excluding this impairment, net income attributable to shareholders was $23 million, consistent with the previous year.

Future Outlook

United States Cellular Corp has adjusted its full-year 2024 guidance, with service revenues estimated between $2,950 million and $3,000 million. The company has also raised its Adjusted EBITDA guidance to a range of $970 million to $1,045 million, reflecting confidence in its strategic initiatives and cost management efforts.

Summarized from source with an LLMView Source

Key figures

83.4%1Y

118%3Y

138%5Y

Performance

47.0%1Y

62.4%3Y

54.5%5Y

Volatility