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Mar 31
TDS Q1 2025 Earnings Report
TDS reported its first quarter 2025 results, with total operating revenues of $1,154 million and a net loss attributable to common shareholders of $(10) million.
Key Takeaways
TDS reported total operating revenues of $1,154 million for the first quarter of 2025, a decrease from $1,262 million in the prior year. The company experienced a net loss attributable to common shareholders of $(10) million, or $(0.09) per share, compared to net income of $12 million, or $0.10 per share, in the same period last year.
Total operating revenues for Q1 2025 were $1,154 million, down from $1,262 million in Q1 2024.
Net income (loss) attributable to TDS common shareholders was $(10) million, or $(0.09) per share, in Q1 2025.
UScellular reported improved postpaid handset results, with increased gross additions and improved net losses.
TDS Telecom revenues were down 3%, impacted by 2024 divestitures of non-strategic assets, but continued its fiber broadband strategy by delivering 14,000 marketable fiber service addresses.
TDS
TDS
TDS Revenue by Segment
Revenue by Segment
Array (formerly UScellular) Revenue
CapyFin.comTDS Telecom Revenue
CapyFin.comAll Other Revenue
CapyFin.com Forward Guidance
Due to the pending transaction with T-Mobile, UScellular is not providing 2025 financial guidance. TDS Telecom's 2025 estimated results for total operating revenues, Adjusted OIBDA, Adjusted EBITDA, and Capital expenditures remain unchanged from previous estimates.
Positive Outlook
- TDS Telecom's total operating revenues are estimated to be between $1,030 million and $1,070 million, unchanged from previous guidance.
- TDS Telecom's Adjusted OIBDA (Non-GAAP) is estimated to be between $310 million and $350 million, unchanged from previous guidance.
- TDS Telecom's Adjusted EBITDA (Non-GAAP) is estimated to be between $320 million and $360 million, unchanged from previous guidance.
- TDS Telecom's Capital expenditures are estimated to be between $375 million and $425 million, unchanged from previous guidance.
- The sale of UScellular's wireless operations to T-Mobile is expected to close in mid-2025, subject to regulatory approval.
Challenges Ahead
- UScellular is not providing 2025 financial guidance due to the pending transaction with T-Mobile.
- TDS Telecom's results were impacted by prior year divestitures of non-strategic assets.
- The company's ability to predict the impact of income taxes is limited, and therefore, no guidance is provided for net income.
- The proposed T-Mobile transaction is subject to regulatory approval and customary closing conditions, which could impact the expected closing timeline.
- The company's transformation efforts are ongoing, with foundational changes being made to support the remaining fiber and towers businesses.
Revenue & Expenses
Visualization of income flow from segment revenue to net income