Q1 USF Contribution Factor Likely 35.4%: Gregg

The USF contribution factor will likely increase to 35.4% during Q1 2024, emailed analyst Billy Jack Gregg Friday. Gregg noted that the USF contribution base for all of 2023 was $34.2 billion, the "lowest annual revenues in the history of the USF." The contribution factor could be even greater should quarterly revenues continue to decline, he added.