TDS reports Q2 revenue down 2% to $1.24B, net loss narrows to $14M; TDS Telecom guidance updated

TELEPHONE & DATA SYSTEMS INC /DE/

2024-Q2 EPS reported -$0.03 revenue$2,500,000,000

Total operating revenues $1,238M in Q2 2024 vs $1,267M YoY; net loss $14M ($0.13 EPS) vs $19M ($0.17).
UScellular postpaid ARPU grew 2%; fixed wireless customers up 40% to 134,000.
TDS Telecom added 27,000 fiber service addresses in Q2; revised 2024 revenue guidance to $1.05-1.08B, OIBDA to $330-360M.
Sale of UScellular wireless ops to T-Mobile expected to close mid-2025; strategic alternatives review ongoing.

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