Company: UZF
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0000821130-25-000032
Chunk: 51

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 7
Chunk 51
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 months ended March 31, 2025 when compared to the same period last year due to lower gross additions for home internet, partially offset by a decrease in tablet churn. 

Postpaid Revenue

Three Months EndedMarch 31,202520242025 vs. 2024Average Revenue Per User (ARPU)$52.06 $51.96 —Average Revenue Per Account (ARPA)$132.25 $132.00 —

8

Financial Overview — Wireless 

The following discussion and analysis compares financial results for the three months ended March 31, 2025, to the three months ended March 31, 2024.

Three Months EndedMarch 31,202520242025 vs. 2024(Dollars in millions)   Retail service$660 $678 (3)%Other54 51 8 %Service revenues714 729 (2)%Equipment sales150 196 (24)%Total operating revenues864 925 (7)%System operations (excluding Depreciation, amortization and accretion reported below)191 197 (3)%Cost of equipment sold178 216 (18)%Selling, general and administrative322 324 —Depreciation, amortization and accretion152 154 (2)%(Gain) loss on asset disposals, net2 6 (73)%(Gain) loss on license sales and exchanges, net(1)(1)18 %Total operating expenses844 896 (6)%Operating income$20 $29 (30)%Adjusted OIBDA (Non-GAAP)1$182 $195 (7)%Adjusted EBITDA (Non-GAAP)1$182 $195 (7)%Capital expenditures2$51 $127 (60)%

N/M - Percentage change not meaningful

1Refer to Supplemental Information Relating to Non-GAAP Financial Measures within this MD&A for a reconciliation of this measure.

2Refer to Liquidity and Capital Resources within this MD&A for additional information on Capital expenditures.

9

Operating RevenuesThree Months Ended March 31, 2025 and 2024(Dollars in millions)Service revenues consist of: ▪Retail Service - Postpaid and prepaid charges for voice, data and value-added services and cost recovery surcharges ▪Other Service - Amounts received from the Federal USF, inbound roaming, miscellaneous other service revenues and Internet of Things (IoT)Equipment