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UScellular reported total operating revenues of $950 million for the first quarter of 2024, with service revenues at $754 million. Net income and diluted earnings per share increased to $18 million and $0.20, respectively. Postpaid ARPU grew 3%, while the postpaid churn rate reduced by 4%. Fixed wireless customers grew by 42% to 124,000. The company reaffirmed its 2024 guidance with unchanged estimates for service revenues, Adjusted OIBDA, Adjusted EBITDA, and capital expenditures. UScellular continues to explore strategic alternatives. The company's financial results showed positive improvements in key areas and ongoing growth.
Telecom giants TDS and UScellular will be announcing their first quarter operating results and hosting a conference call on May 3, 2024, at 9:00 a.m. Central Time. Investors can access the webcast live and on-demand to review the financial outcomes.