TDS Q3 2024 Earnings Report
Key Takeaways
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.
TDS
TDS
TDS Revenue by Segment
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income