NYSE$TDS

Telephone And Data Systems Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

TDS reported a decline in revenue and a reduced net loss for Q4 2024.

TDS reported a 6% decline in total operating revenue for Q4 2024, reaching $1.24 billion. The company reported a net loss of $11 million, a significant improvement from the $523 million loss in Q4 2023. Operating income was positive at $37 million, driven by improved results from TDS Telecom, while UScellular faced continued challenges.

  • Total operating revenue declined 6% year-over-year to $1.24 billion.
  • Net loss improved significantly to $11 million from $523 million in Q4 2023.
  • Operating income reached $37 million, compared to a loss of $524 million last year.
  • UScellular's challenges continued, while TDS Telecom saw growth in fiber broadband services.

Headline financials

Total Revenue

$1.24B

Previous: $1.31B-5.5%
EPS (adj)

-$0.10

Previous: -$0.11+9.1%
TDS Telecom Broadband Connections

553.0K

No prior period
Residential Revenue per Connection

$64.72

No prior period
Residential Broadband Net Adds

7.9K

No prior period
Residential Fiber Net Adds

13.6K

No prior period
Residential Fiber Churn

1.0%

No prior period
Total Residential Broadband Churn

1.4%

No prior period
Capital Expenditures

-$232M

Previous: -$411M+43.6%
Net Income

-$11M

Previous: -$503M+97.8%
Operating Income

-$13M

Previous: -$524M+97.5%
Gross Profit

$437M

Previous: $471M-7.2%

Revenue & EPS history

TDS · Revenue · Quarterly

$1.24B

Q4 2024-5.5%vs Q4 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 is focused on continuing its fiber expansion and preparing for the expected sale of UScellular's wireless operations to T-Mobile.

Tailwinds

  • TDS Telecom exceeded its fiber address expansion goals for 2024.
  • Company plans to add 150,000 new fiber service addresses in 2025.
  • Continued investment in broadband infrastructure to drive long-term growth.
  • Improved operational efficiency leading to positive operating income.
  • UScellular progressing towards the sale of its wireless operations.

Headwinds

  • Revenue declined 6% year-over-year.
  • Net loss, while improved, remains a concern at $11 million.
  • UScellular's financial performance remains weak with declining revenue.
  • Continued capital expenditures required for network expansion.
  • Regulatory approval still pending for UScellular’s sale to T-Mobile.

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 2024

Historical avgQ4 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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