---
schema_version: "secwatch.filing_event.v1"
accession: "0001051512-23-000029"
form_type: "8-K"
ticker: "TDS"
cik: "0001051512"
company_name: "TELEPHONE & DATA SYSTEMS INC /DE/"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T19:38:50.164582+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001051512-23-000029
- form_type: 8-K
- ticker: TDS
- cik: 0001051512
- company_name: TELEPHONE & DATA SYSTEMS INC /DE/
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1051512/000105151223000029/0001051512-23-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1051512/000105151223000029/tds-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001051512-23-000029
- JSON: https://secwatch.observer/filing/0001051512-23-000029.json
- Plain text: https://secwatch.observer/filing/0001051512-23-000029.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1051512/000105151223000029/0001051512-23-000029-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.