Surgepays (SURG) Q1 2025 Earnings Call May 13, 2025 05:00 PM ET Speaker0 note this conference is being recorded. I will now turn the conference over to your host, Mike McCormack, Managing Director of Investor Relations at Surg Pace. You may begin. Speaker1 Thank you, operator, and good afternoon, everyone. Welcome to the Surg Pays twenty twenty five First Quarter Financial Results Conference Call. Today's date is 05/13/2025. And on the call today from the company are Brian Cox, President and CEO and Tony Ev ...

T-Mobile US (TMUS) FY Conference Summary Industry Overview - The telecom industry is experiencing growth, with service revenues and profitability on the rise. From 2022 to 2024, the industry grew free cash flows by 50% while enhancing consumer offerings [4][5] - T-Mobile has consistently outperformed competitors in customer growth, service revenue, and free cash flow generation [4][5] Company Positioning and Strategy - T-Mobile aims to transition from a challenger to a champion in the wireless ecosystem, focusing on three key advantages: best network, best value, and superior customer experiences [4][5] - The company is undergoing a digital transformation to enhance customer experience further [6] Subscriber Growth and Market Dynamics - T-Mobile is confident in achieving its highest-ever total postpaid guidance, with strong performance in gross additions and net subscriber growth [8][9] - The competitive environment remains favorable, with T-Mobile positioned as a net share taker in the industry [9][10] - In Q1, T-Mobile reported the highest postpaid gross and net additions, with service revenue three times that of the nearest competitor [10][11] Churn and Rate Plan Optimization - The increase in churn in Q1 was primarily due to rate plan optimizations, which were communicated to customers in March and implemented in April and May [12][13] - T-Mobile anticipates that churn will stabilize as customers adjust to the new rate plans [12] Growth Segments - T-Mobile is focusing on growth in smaller markets, rural areas, enterprise, and government sectors, with significant opportunities remaining in these segments [18][19] - The company is also seeing growth in fixed wireless and has plans to expand its network in underpenetrated areas [19][20] Fiber and Broadband Initiatives - T-Mobile's broadband segment has seen success with new pricing and packaging, leading to record net additions and ARPU growth [32][33] - The company aims to reach 12 million broadband subscribers by the end of 2028, with significant improvements in speed and customer satisfaction [35][36] Financial Performance and Guidance - T-Mobile raised its service revenue guidance to a 6% year-over-year increase, with half of this growth attributed to acquisitions [52] - The company is investing in customer net additions and digitalization while maintaining a strong EBITDA growth outlook [54][55] Macro Environment and Consumer Sentiment - The telecom industry is resilient to macroeconomic changes, with communications becoming a higher priority for consumers [57][58] - T-Mobile's premium plans have a 60% activation rate among new accounts, indicating strong consumer demand for higher-value offerings [61] Capital Allocation and M&A Strategy - T-Mobile has a capital allocation plan of $80 billion through 2027, with a focus on M&A, shareholder returns, and strategic investments [65][66] - The company is open to exploring value-accretive fiber opportunities but currently has no immediate M&A announcements [72] Advertising and Adjacent Opportunities - T-Mobile is enhancing its advertising capabilities through partnerships and acquisitions, aiming to improve targeting and measurement for advertisers [69][70] - The company is considering investments in adjacent businesses that leverage its distribution and brand strengths [72] T-Satellite Offering - T-Mobile's T-Satellite service is positioned as a unique offering that enhances connectivity and drives customer value, particularly in premium rate plans [75][76] This summary encapsulates the key points from the T-Mobile US FY Conference, highlighting the company's strategic positioning, growth opportunities, financial performance, and future outlook in the telecom industry.

Core Viewpoint - Gogo Inc reported strong first-quarter results and maintained its 2025 guidance, with a price target set at $11 by JPMorgan analyst Sebastiano C Petti, who holds a Neutral rating on the stock [1]. Financial Performance - Gogo's first-quarter results exceeded expectations, prompting Petti to raise his 2025 EBITDA forecast by 4% to $217 million, which is at the high end of the guidance range of $210 million to $220 million [2][6]. - The updated fiscal year 2025 revenue is projected at $906 million, slightly above the guidance of $870 million to $910 million, driven by a 3% increase in service revenue to $767 million [6]. Growth Strategy and Future Outlook - Gogo is expected to ramp up service revenue growth in 2026, supported by strong free cash flow generation anticipated in that year, aided by easing program investments and synergy realization [3][4]. - The company is on track for significant free cash flow acceleration, which should facilitate rapid de-leveraging over the next 12-18 months, with share buybacks expected to resume in the second half of 2026 [4]. Revenue and Cash Flow Projections - Petti raised the second-quarter total company revenue estimate to $220 million, reflecting higher service revenue from GEO and Narrowband, although offset by weaker equipment ARPU and lower ATG service revenue [5]. - The projected free cash flow for 2025 is $76 million, slightly higher due to improved EBITDA, while the 2026 free cash flow is expected to reach $137 million, significantly above the previous estimate of $123 million [7]. Market Performance - Gogo shares experienced a notable increase of 13.64%, trading at $12.50 at the time of publication [8].

Core Viewpoint - The Schall Law Firm is investigating T-Mobile US, Inc. for potential violations of securities laws related to misleading statements and undisclosed information affecting investors [1][2]. Financial Performance - T-Mobile reported Q1 2025 financial results on April 24, 2025, indicating the addition of only 495,000 net postpaid phone customers, which fell short of consensus expectations [2]. - Following the disappointing results, T-Mobile's shares experienced a decline of over 11.2% the next day [2].

U.S. Cellular Corporation (USM) reported soft first-quarter 2025 results, with both top and bottom lines missing the respective Zacks Consensus Estimate. The company reported a revenue decline year over year, owing to a decrease in postpaid and prepaid retail connections. However, increasing customer growth in fixed wireless businesses partially supported the top line. Healthy postpaid handset growth and improvement in tower rental revenues are tailwinds. The 5G mid-band network deployment is boosting speed ...

United States Cellular Corporation (NYSE: USM ) reported its Q1 2025 results on May 2, and the market didn't like what it saw. The stock dropped more than 8% after earnings, and frankly, I can understand it. While I'm passionate about finance and investing, focusing on business analysis, fundamental analysis, valuation, and long-term growth, especially in sectors like AI, fintech, finance and tech. I study finance and economy and have hands-on experience in equity research, financial modeling, and creating ...

United States Cellular Corporation (USM) Q1 2025 Earnings Call May 02, 2025 10:00 AM ET Company Participants Colleen Thompson - Vice President of Corporate RelationsVicki Villacrez - Executive VP, CFO & DirectorLaurent Therivel - President & CEODouglas Chambers - Executive VP, CFO, Treasurer & DirectorKristina Bothfeld - VP of Finance & CFORic Prentiss - Managing DirectorSergey Dluzhevskiy - Portifolio Manager Conference Call Participants Sebastiano Petti - Senior Research Analyst Operator Hello, and thank ...

Telephone and Data Systems (TDS) Q1 2025 Earnings Call May 02, 2025 10:00 AM ET Company Participants Colleen Thompson - Vice President of Corporate RelationsVicki Villacrez - Executive VP & CFOLaurent Therivel - President & CEODouglas Chambers - Executive VP, CFO, Treasurer & DirectorKristina Bothfeld - VP of Finance & CFORic Prentiss - Managing DirectorSergey Dluzhevskiy - Portifolio Manager Conference Call Participants Sebastiano Petti - Senior Research Analyst Operator Hello, and thank you for standing b ...

Financial Data and Key Metrics Changes - Total operating revenues decreased by 3% year over year, impacted by divestitures and declines in commercial and wholesale revenue, as well as decreases in residential video and voice connections [44] - Free cash flow for Q1 2025 was $79 million, an increase of $18 million compared to the same quarter last year [13][19] - Cash expenses increased by 6% or $11 million compared to the prior year, with $4 million of this increase attributed to a cumulative non-cash adjustment to stock-based compensation [44] Business Line Data and Key Metrics Changes - Postpaid handset results showed year-over-year improvements, while third-party tower revenues increased by 6% due to new co-locations and escalators on renewed leases [12] - Fiber service addresses grew by 6% year over year, with 14,000 new addresses delivered in the quarter [33][42] - Residential broadband net additions were 2,800, with 8,300 coming from fiber markets, lower than prior quarters due to timing of service address delivery [34][38] Market Data and Key Metrics Changes - The company continues to face aggressive promotional competition in the wireless industry, with competitors offering multi-year price locks and aggressive pricing [14] - Demand for higher broadband speeds remains strong, with 82% of residential broadband customers taking 100 megabits or higher and 24% taking one gig or higher at the end of the quarter [42] Company Strategy and Development Direction - The company is focused on completing the proposed transaction with T-Mobile, which is expected to close in mid-2025, and is preparing for a smooth transition [9][16] - A special dividend to shareholders is anticipated following the closing of the T-Mobile transaction, with proceeds expected to be used to repay outstanding bank debt [10][18] - The fiber program has expanded the company's footprint by over 30% in the last three years, with further growth opportunities identified [11] Management's Comments on Operating Environment and Future Outlook - Management acknowledged increased uncertainties in the broader economy and markets but remains optimistic about the long-term potential of the tower business and fiber expansion [7][12] - The company is focused on cost optimization and expects capital expenditures to decline in 2025 as planned 5G coverage builds are largely completed [13][46] - Management expressed confidence in achieving $100 million in annual cost savings by the end of 2028 through transformation efforts [35][72] Other Important Information - The company does not plan to redeem Series UU and Series BV preferred stock, viewing them as foundational capital for future operations [10][68] - The expected cash income tax obligations related to the T-Mobile transaction are estimated to be between $225 million and $325 million [28][30] Q&A Session Summary Question: Timeline for designated entity spectrum approval - The timing is uncertain and dependent on regulatory approval by the FCC, but there is optimism for a positive outcome [52][54] Question: Free cash flow run rate - The $79 million in free cash flow is not necessarily a run rate, but capital expenditures are expected to be down in 2025, which is positive for free cash flow [55] Question: Debt exchange offer impact - The debt exchange offer will be launched about 50 days before the anticipated close, and the amount of debt exchanged will impact transaction proceeds [56][110] Question: Fiber net adds and sales efforts - Fiber net additions were lower due to timing of address delivery, but management expects improvements as construction activity ramps up [60][62] Question: Divestiture strategy and criteria - The company is focused on divesting non-core assets, particularly isolated copper markets without an economic path to fiber, ensuring that net proceeds exceed the present value of cash flows from continued operations [95][96]

Telephone and Data Systems (TDS) Q1 2025 Earnings Call May 02, 2025 10:00 AM ET Speaker0 Hello, and thank you for standing by. My name is Regina, and I will be your conference operator today. At this time, I would like to welcome everyone to the TDS and U. S. Cellular First Quarter twenty twenty five Operating Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. I would now like to turn the conf ...