UScellular Q3 net loss $79M, revenue down 4%; raises full-year Adjusted EBITDA guidance

ARRAY DIGITAL INFRASTRUCTURE, INC.

2024-Q3 EPS reported -$0.51 revenue$2,799,000,000

Net loss of $79M ($0.92/share) vs net income of $23M ($0.26) a year ago; excluding $136M spectrum impairment, net income was $23M.
Q3 total operating revenue $922M (-4% YoY); service revenue $747M (-2% YoY).
Raised 2024 Adjusted EBITDA guidance to $970-$1,045M from $920-$1,020M; lowered capex to $550-$600M.
Announced $1B spectrum sale to Verizon and separate sales to two other operators, all contingent on T-Mobile deal close.
Fixed wireless customers up 32% to 140,000; postpaid ARPU grew 2% and both postpaid/prepaid churn improved.

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