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Sep 30, 2023
TDS Q3 2023 Earnings Report
TDS reported mixed results for Q3 2023, with revenue declining year-over-year but profitability increasing in key areas.
Key Takeaways
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%.
Revenue by Segment
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
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Avg. Return Before/After Earnings
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