United States Cellular Q1 2023 Earnings Report

United States Cellular EPS Results

• Actual EPS: $0.15
• Consensus EPS: $0.18
• Beat/Miss: Missed by -$0.03
• One Year Ago EPS: $0.57

United States Cellular Revenue Results

• Actual Revenue: $986.00 million
• Expected Revenue: $1.02 billion
• Beat/Miss: Missed by -$29.13 million
• YoY Revenue Growth: -2.40%

United States Cellular Announcement Details

• Quarter: Q1 2023
• Date: 5/5/2023
• Time: After Market Closes
• Conference Call Date: N/A
• Conference Call Time: N/A

United States Cellular (NYSE:USM), commonly known as U.S. Cellular, is a regional wireless carrier providing mobile voice, messaging and data services to consumers and businesses across the United States. As one of the country’s leading providers focused on network performance and customer service, the company operates a multi-band 4G LTE network and has been rolling out 5G services to selected markets. U.S. Cellular offers a broad range of devices, including smartphones, mobile hotspots and connected IoT solutions, supported by postpaid and prepaid plans designed to meet varying usage needs.

The company’s network spans 23 states, covering rural communities, suburban regions and select urban areas in markets such as the Midwest, Pacific Northwest and Southwest. U.S. Cellular also provides fixed wireless internet access in certain regions, delivering high-speed broadband to homes and small businesses outside traditional cable footprints. In addition to consumer offerings, the company supports enterprise customers with managed IoT services, custom network solutions and spectrum leasing arrangements.

Tracing its roots to the early 1980s when GTE Wireless began commercial cellular operations, U.S. Cellular was established as a publicly traded entity in 2000. Headquartered in Chicago, Illinois, the company has invested in network modernization and spectrum acquisition to strengthen its competitive position. Under the leadership of President and CEO Laurent Therivel, U.S. Cellular continues to prioritize reliable coverage, community engagement and targeted growth in areas where large national carriers may have limited presence.