TDS reports Q3 net loss $25M vs profit $28M YoY; lowers UScellular guidance

TELEPHONE & DATA SYSTEMS INC /DE/

2022-Q3 EPS reported $0.30 revenue$4,056,000,000

Total operating revenues $1,392M, up from $1,328M YoY; net loss $(25)M, diluted EPS $(0.22) vs income $28M ($0.24) YoY.
UScellular 2022 guidance lowered: service revenues $3,100-$3,150, Adjusted OIBDA $750-$825, Adjusted EBITDA $925-$1,000.
TDS Telecom guidance improved: Adjusted OIBDA/EBITDA $270-$290 vs prior $260-$290.
Fiber expansion target 1.2M addresses by 2026; launched Billings, MT and Green Bay, WI.
UScellular postpaid ARPU growth; fixed wireless and tower portfolio positive.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TELEPHONE & DATA SYSTEMS INC /DE/ updated its full-year 2022 guidance (lowered).

Period: full-year 2022
Guidance: lowered
Result: guidance update

Exact text from the filing

TDS’ current estimates of full-year 2022 results for UScellular and TDS Telecom are shown below. Such estimates represent management’s view as of November 3, 2022 and should not be assumed to be current as of any future date.

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Source: SEC EDGAR

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