TDS Q4 net loss $523M ($4.64/share); 2024 guidance: UScellular OIBDA $750-850M, TDS Telecom $310-340M

TELEPHONE & DATA SYSTEMS INC /DE/

2023-FY EPS reported -$5.06 revenue$5,160,000,000

Q4 2023 net loss attributable to TDS common shareholders of $523M ($4.64 EPS loss) vs loss of $43M ($0.38) year-ago.
Excluding $547M goodwill impairment at TDS Telecom, adjusted net loss was $12M ($0.11 per share).
Full-year 2023 total operating revenues $5.16B, down from $5.41B in 2022; net loss $(569)M ($5.06 per share).
2024 guidance: UScellular service rev $2.95-3.05B, Adj OIBDA $750-850M; TDS Telecom rev $1.07-1.10B, Adj OIBDA $310-340M.
Strategic alternatives review for UScellular, announced Aug 2023, remains ongoing.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TELEPHONE & DATA SYSTEMS INC /DE/ reported full year ended December 31, 2023 results: revenue $5,160 million, net income $(569) million, EPS $(5.06).

Period: full year ended December 31, 2023
Revenue: $5,160 million
Net income: $(569) million
EPS: $(5.06)
Result: reported results

Exact text from the filing

TDS reported total operating revenues of $5,160 million and $5,413 million for the years ended 2023 and 2022, respectively. Net income (loss) attributable to TDS common shareholders and related diluted earnings (loss) per share were $(569) million and $(5.06), respectively, for the year ended 2023 compared to $(7) million and $(0.07), respectively, for the year ended 2022.

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Source: SEC EDGAR

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