TDS Q3 revenues down 8% to $1,278M; net loss narrows to $17M; raises fiber address goal

TELEPHONE & DATA SYSTEMS INC /DE/

2023-Q3 EPS reported -$0.41 revenue$3,848,000,000

Total operating revenues $1,278M in Q3 2023, down from $1,392M in Q3 2022.
Net loss attributable to TDS common shareholders narrowed to $17M ($0.16 diluted loss) vs $25M loss a year ago.
UScellular: Fixed Wireless customers up 57% to 106K; tower rental revenues up 8%; profitability improved with positive free cash flow.
TDS Telecom raises 2023 fiber address goal to 200K; delivered 127K fiber services addresses YTD.
Updated guidance: UScellular Adj. EBITDA narrowed to $945-$1,005M; TDS Telecom capex raised to ~$550M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TELEPHONE & DATA SYSTEMS INC /DE/ updated its full-year 2023 guidance (raised).

Period: full-year 2023
Guidance: raised
Result: guidance update

Exact text from the filing

Due to better-than-expected fiber service address delivery results, TDS Telecom is raising its 2023 fiber service address delivery goal to 200,000.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

TELEPHONE & DATA SYSTEMS INC /DE/ reported third quarter 2023 results: revenue $1,278 million, net income $(17) million, EPS $(0.16).

Period: third quarter 2023
Revenue: $1,278 million
Net income: $(17) million
EPS: $(0.16)
Result: reported results

Exact text from the filing

Telephone and Data Systems, Inc. (NYSE:TDS) reported total operating revenues of $1,278 million for the third quarter of 2023, versus $1,392 million for the same period one year ago. Net income (loss) attributable to TDS common shareholders and related diluted earnings (loss) per share were $(17) million and $(0.16), respectively, for the third quarter of 2023 compared to $(25) million and $(0.22), respectively, in the same period one year ago.

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

TELEPHONE & DATA SYSTEMS INC /DE/ filing history →

Source: SEC EDGAR

accession 0001051512-23-000065

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.