UScellular Q1 revenue falls to $986M; net income drops to $13M from $49M YoY

ARRAY DIGITAL INFRASTRUCTURE, INC.

2023-Q1 EPS reported $0.15 revenue$986,000,000

Total operating revenues $986M vs $1,010M YoY; service revenues $767M vs $787M.
Net income $13M ($0.15 diluted EPS) vs $49M ($0.57) in Q1 2022.
Postpaid subscriber trends improved but net losses persisted; fixed wireless and towers strong.
Full-year 2023 guidance reaffirmed: service rev $3.05B-$3.15B, capex $600M-$700M, adj. EBITDA $875M-$1.025B.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ARRAY DIGITAL INFRASTRUCTURE, INC. reported first quarter of 2023 results: revenue $986 million, net income $13 million, EPS $0.15. Guidance reaffirmed.

Period: first quarter of 2023
Revenue: $986 million
Net income: $13 million
EPS: $0.15
Guidance: reaffirmed
Result: reported results

Exact text from the filing

UScellular reports first quarter 2023 results 2023 guidance reaffirmed CHICAGO (May 4, 2023) — United States Cellular Corporation (NYSE:USM) reported total operating revenues of $986 million for the first quarter of 2023, versus $1,010 million for the same period one year ago. Service revenues totaled $767 million, versus $787 million for the same period one year

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accession 0000821130-23-000027

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