Company: UZF
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000821130-25-000023
Chunk: 74

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 74
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 increased in 2023 due primarily to lower gross additions resulting from aggressive industry-wide competition. 

Total postpaid connected device net additions increased in 2023 due primarily to higher demand for fixed wireless home internet as well as decreases in tablet and mobile hotspot churn.  

30

Index to MD&A

Postpaid Revenue

Year Ended December 31,2024202320222024 vs. 20232023 vs. 2022Average Revenue Per User (ARPU)$51.79 $51.01 $50.14 2 %2 %Average Revenue Per Account (ARPA)$131.32 $130.91 $130.39 ——

2024-2023 Commentary

Postpaid ARPU increased in 2024 due to an increase in favorable plan and product offering mix and an increase in cost recovery surcharges.

Postpaid ARPA was relatively flat in 2024 due to the impacts to Postpaid ARPU, offset by a decrease in the number of connections per account.

2023-2022 Commentary

Postpaid ARPU increased in 2023 due to favorable plan and product offering mix and an increase in device protection plan revenues, partially offset by an increase in promotional discounts.

Postpaid ARPA was relatively flat in 2023 due to the impacts to Postpaid ARPU, offset by a decrease in the number of connections per account.  

31

Index to MD&A

Financial Overview — Wireless

The following discussion and analysis compares financial results for the year ended December 31, 2024, to the year ended December 31, 2023 and the year ended December 31, 2023, to the year ended December 31, 2022.

Year Ended December 31,2024202320222024 vs. 20232023 vs. 2022(Dollars in millions)   Retail service1$2,674 $2,742 $2,793 (2)%(2)%Other210 201 239 5 %(16)%Service revenues2,884 2,943 3,032 (2)%(3)%Equipment sales783 862 1,044 (9)%(17)%Total operating revenues3,667 3,805 4,076 (4)%(7)%System operations (excluding Depreciation, amortization and accretion reported below)777 794 807 (2)%(2)%Cost of equipment sold906 988