NYSE$TDS
Telephone And Data Systems Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
TDS reported mixed results for Q2 2024. UScellular announced the sale of its wireless operations, while TDS Telecom showed growth in revenue and profitability due to broadband investments.
TDS reported total operating revenues of $1,238 million for the second quarter of 2024, a decrease compared to $1,267 million for the same period one year ago. Net loss attributable to TDS common shareholders was $(14) million, with a diluted loss per share of $(0.13). TDS Telecom reported revenue growth and profitability improvements driven by broadband investments, while UScellular focused on balancing subscriber growth with financial discipline.
- UScellular announced the sale of its wireless operations and is now reporting Wireless and Towers segments.
- TDS Telecom is making progress on its goal to deliver 125,000 fiber service addresses in 2024, delivering 27,000 in Q2.
- UScellular saw sequential improvement in postpaid gross additions and postpaid net losses, with a 2% growth in postpaid ARPU.
- TDS Telecom reported a 4% increase in operating revenues and a 7% growth in residential revenue.
Headline financials
Revenue & EPS history
TDS · Revenue · Quarterly
$1.24B
Revenue by segment
TDS · $256M total across 1 segment · Q3 2023
- TDS Telecom$256M+0.0%100.0%
Forward guidance
TDS provided estimates for full-year 2024 results for UScellular and TDS Telecom.
Tailwinds
- UScellular service revenues are expected to be $2,950-$3,050 million.
- UScellular adjusted OIBDA is expected to be $750-$850 million.
- UScellular adjusted EBITDA is expected to be $920-$1,020 million.
- TDS Telecom adjusted OIBDA is expected to be $330-$360 million.
- TDS Telecom adjusted EBITDA is expected to be $330-$360 million.
Headwinds
- TDS Telecom total operating revenues are expected to be $1,050-$1,080 million, revised down from $1,070-$1,100 million.
- UScellular capital expenditures are expected to be $550-$650 million.
- TDS Telecom capital expenditures are expected to be $310-$340 million.
- The estimates do not reflect any anticipated costs, expenses, or results of the strategic alternatives review.
- Final results may differ materially from estimated results.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
+0.0%
Avg return
Earnings day
-0.5%
Avg return
5 days after
+1.5%
Avg return
30 days after
38%
15 / 39 earnings
Positive
+67.1%
Q2 2023
Best reaction
-22.0%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.2% | -7.2% | -14.0% | |
| Q4 2025 | -0.7% | -0.4% | -9.9% | |
| Q3 2025 | -2.2% | +3.2% | +2.4% | |
| Q1 2025 | -8.6% | -8.4% | -8.7% | |
| Q4 2024 | -4.2% | -9.6% | -7.1% | |
| Q3 2024 | -6.0% | +9.4% | +14.9% | |
| Q2 2024 | -9.9% | -3.3% | +11.9% | |
| Q1 2024 | -3.1% | -5.6% | +22.7% | |
| Q4 2023 | -22.0% | -20.6% | -16.3% | |
| Q3 2023 | -4.1% | -4.3% | +10.9% | |
| Q2 2023 | +67.1% | +111.5% | +171.0% | |
| Q1 2023 | -15.9% | -23.8% | -26.3% | |
| Q4 2022 | +17.6% | +12.6% | -14.7% | |
| Q3 2022 | -1.7% | -33.2% | -38.2% | |
| Q2 2022 | -3.0% | +8.6% | +2.5% | |
| Q1 2022 | -2.0% | -8.9% | -13.1% | |
| Q4 2021 | -1.9% | -17.6% | -11.1% | |
| Q3 2021 | -1.2% | -1.0% | -9.5% | |
| Q2 2021 | +0.9% | +4.2% | +6.4% | |
| Q1 2021 | +3.6% | +5.1% | +8.7% | |
| Q4 2020 | -1.0% | -11.5% | +11.0% | |
| Q3 2020 | +2.5% | +7.9% | +11.1% | |
| Q2 2020 | -0.7% | +18.7% | +15.5% | |
| Q1 2020 | -4.2% | -12.0% | +0.1% | |
| Q4 2019 | +0.2% | -17.9% | -35.6% | |
| Q3 2019 | -2.2% | -8.9% | -11.1% | |
| Q2 2019 | -3.4% | -17.1% | -22.1% | |
| Q1 2019 | +0.7% | -0.5% | -10.7% | |
| Q4 2018 | -10.8% | -12.7% | -14.4% | |
| Q3 2018 | +14.6% | +17.8% | +19.3% | |
| Q2 2018 | +4.0% | +15.8% | +16.4% | |
| Q1 2018 | -8.0% | -2.7% | -6.5% | |
| Q4 2017 | +10.8% | +12.0% | +10.9% | |
| Q3 2017 | -6.7% | -7.1% | -2.0% | |
| Q2 2017 | +1.2% | +1.4% | +4.8% | |
| Q1 2017 | +4.9% | +4.3% | +11.2% | |
| Q4 2016 | -8.7% | -17.5% | -22.6% | |
| Q3 2016 | +1.1% | +3.7% | +10.4% | |
| Q2 2016 | +1.4% | -2.5% | -8.9% | |
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