TDS reports Q1 2023 net loss of $9M, revenue down to $1.303B; reaffirms guidance

TELEPHONE & DATA SYSTEMS INC /DE/

2023-Q1 EPS reported -$0.08 revenue$1,303,000,000

Total operating revenues $1,303M vs $1,315M YoY; net loss $(9)M vs profit $44M prior year.
Diluted EPS $(0.08) vs $0.37 in Q1 2022; UScellular postpaid subscriber losses persist.
UScellular guidance unchanged: service revenues $3,050-$3,150M, Adjusted OIBDA $725-$875M.
TDS Telecom guidance unchanged: total op rev $1,030-$1,060M, Adjusted EBITDA $260-$290M.
TDS Telecom deployed 25,000 fiber addresses in Q1; residential revenue per connection up.

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/ reported the first quarter of 2023 results: revenue $1,303 million, net income $(9) million, EPS $(0.08). Guidance reaffirmed.

Period: the first quarter of 2023
Revenue: $1,303 million
Net income: $(9) million
EPS: $(0.08)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

TDS reports first quarter 2023 results 2023 guidance reaffirmed CHICAGO (May 4, 2023) — Telephone and Data Systems, Inc. (NYSE:TDS) reported total operating revenues of $1,303 million for the first quarter of 2023, versus $1,315 million for the same period one year ago. Net income (loss) attributable to TDS common shareholders and related diluted earnings (loss) per share were $(9) million and $(0.08), respectively, for the first quarter of 2023 compared to $44 million and $0.37, respectively, in the same period one year ago.

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