---
schema_version: "secwatch.filing_event.v1"
accession: "0001051512-24-000008"
form_type: "8-K"
ticker: "TDS"
cik: "0001051512"
company_name: "TELEPHONE & DATA SYSTEMS INC /DE/"
filed_at: "2024-02-16T23:59:59+00:00"
generated_at: "2026-06-05T23:46:16.708414+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001051512-24-000008
- form_type: 8-K
- ticker: TDS
- cik: 0001051512
- company_name: TELEPHONE & DATA SYSTEMS INC /DE/
- filed_at: 2024-02-16T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1051512/000105151224000008/0001051512-24-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1051512/000105151224000008/tds-20240216.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001051512-24-000008
- JSON: https://secwatch.observer/filing/0001051512-24-000008.json
- Plain text: https://secwatch.observer/filing/0001051512-24-000008.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1051512/000105151224000008/0001051512-24-000008-index.htm

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