NYSE$TDS

Telephone And Data Systems Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

TDS reported mixed results for Q3 2023, with revenue declining year-over-year but profitability increasing in key areas.

TDS reported a decrease in total operating revenues to $1,278 million compared to $1,392 million in the same period last year. Net loss attributable to TDS common shareholders was $(17) million, an improvement from $(25) million year-over-year. UScellular saw growth in postpaid ARPU and fixed wireless customers, while TDS Telecom increased its fiber address goal due to better-than-expected delivery results.

  • UScellular's postpaid ARPU increased by 2%.
  • UScellular's fixed wireless customers grew by 57%, reaching 106,000.
  • TDS Telecom increased its full-year 2023 fiber address goal to 200,000.
  • TDS Telecom's residential broadband connections grew by 5%.

Headline financials

Total Revenue

$1.28B

Previous: $1.39B-8.2%
EPS (adj)

-$0.16

Previous: -$0.22+27.3%
TDS Telecom Broadband Connections

532.6K

Previous: 506.5K+5.2%
Residential Revenue per Connection

$62.15

Previous: $60.32+3.0%
Capital Expenditures

-$906M

Previous: -$794M-14.1%
Free Cash Flow

$17M

Previous: $107M-84.1%
Net Income

$0.00

Previous: -$8M+100.0%
Operating Income

$48M

Previous: -$11M+536.4%
Gross Profit

$1.28B

Previous: $1.39B-8.2%
Cash & Equivalents

$256M

Previous: $442M-42.1%
Total Assets

$14.4B

Previous: $14.5B-0.4%
Stock-Based Comp

$13M

Previous: $9M+44.4%

Revenue & EPS history

TDS · Revenue · Quarterly

$1.28B

Q3 2023-8.2%vs Q3 2022
Beat estimate in 4 of 13 quarters(31%)
ActualEstimate

Revenue by segment

TDS · $256M total across 1 segment · Q3 2023

  • TDS Telecom
    $256M+0.0%

Forward guidance

TDS provided estimates for full-year 2023 results for UScellular and TDS Telecom, representing management's view as of November 3, 2023. These estimates do not reflect any anticipated costs, expenses, or results of the strategic alternatives review for UScellular.

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 Q3 2023

Historical avgQ3 2023

+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

Earnings price reactions
QuarterReport dateReaction (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%
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q2 2012
Q4 2012
Q3 2012
Q1 2012
Q4 2011
Q2 2011
Q3 2011
Q1 2010
Q1 2011
Q4 2008
Q3 2009
Q3 2010
Q2 2009
Q2 2010
Q4 2009

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