NYSE$TDS
Telephone And Data Systems Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Reported Q4 2023 results, highlighting investments in networks and provided 2024 guidance.
TDS reported Q4 2023 total operating revenues of $1,313 million, compared to $1,357 million for the same period last year. Net loss attributable to TDS common shareholders was $(523) million, or $(4.64) per share, compared to $(43) million, or $(0.38) per share, in the same period last year. Excluding a non-cash goodwill impairment charge, net loss was $(12) million, or $(0.11) per share.
- UScellular increased Postpaid ARPU by 2% and saw strong growth in fixed wireless.
- TDS Telecom exceeded its full-year fiber address goal, delivering 217,000 fiber service addresses.
- UScellular is focusing on improving customer results, growing fixed wireless and towers, and maintaining financial discipline while advancing its network.
- TDS Telecom plans to focus on increasing broadband penetration and revenues across its fiber footprint to improve profitability in 2024.
Headline financials
Revenue & EPS history
TDS · Revenue · Quarterly
$1.31B
Revenue by segment
TDS · $256M total across 1 segment · Q3 2023
- TDS Telecom$256M+0.0%100.0%
Forward guidance
TDS provided estimated results for the full year 2024 for UScellular and TDS Telecom.
Tailwinds
- UScellular service revenues are estimated to be $2,950-$3,050 million.
- UScellular adjusted OIBDA is estimated to be $750-$850 million.
- UScellular adjusted EBITDA is estimated to be $920-$1,020 million.
- TDS Telecom total operating revenues are estimated to be $1,070-$1,100 million.
- TDS Telecom adjusted OIBDA is estimated to be $310-$340 million.
Headwinds
- UScellular capital expenditures are estimated to be $550-$650 million.
- TDS Telecom adjusted EBITDA is estimated to be $310-$340 million.
- TDS Telecom capital expenditures are estimated to be $310-$340 million.
- 2024 Estimated Results do not reflect any anticipated costs, expenses or results of the strategic alternatives review
- There can be no assurance that final results will not 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 Q4 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
| 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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