NYSE$TDS

Telephone And Data Systems Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

TDS reported a net loss but saw growth in TDS Telecom residential revenue and reached a fiber milestone.

TDS reported Q3 2024 results with total operating revenues of $1,224 million, a decrease from $1,278 million in the same period last year. The company experienced a net loss attributable to TDS common shareholders of $(83) million, compared to a loss of $(17) million in the prior year. However, TDS Telecom saw a 2% increase in operating revenues and reached a milestone of 50% of service addresses now served with fiber.

  • UScellular announced the sale of select spectrum assets to Verizon for $1 billion in October 2024.
  • TDS Telecom reached a milestone of 50% of service addresses now served with fiber.
  • UScellular's postpaid handset net losses improved year-over-year.
  • TDS Telecom's residential revenue grew 5% due to broadband investments.

Headline financials

Total Revenue

$1.22B

Previous: $1.28B-4.2%
EPS

-$0.73

Previous: -$0.16-356.2%
Capital Expenditures

-$655M

Previous: -$906M+27.7%
Free Cash Flow

$278M

Previous: $17M+1535.3%
Net Income

-$66M

Previous: $0.00
Operating Income

-$80M

Previous: $48M-266.7%
Gross Profit

$1.22B

Previous: $1.28B-4.2%
Cash & Equivalents

$451M

Previous: $256M+76.2%
Total Assets

$13.7B

Previous: $14.4B-4.8%
Stock-Based Comp

$19M

Previous: $13M+46.2%

Revenue & EPS history

TDS · Revenue · Quarterly

$1.22B

Q3 2024-4.2%vs Q3 2023
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 2024 results for UScellular and TDS Telecom, noting that these estimates represent management's view as of November 1, 2024, and should not be assumed to be current as of any future date.

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 2024

Historical avgQ3 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

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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