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Dec 31, 2023
TDS Q4 2023 Earnings Report
Reported Q4 2023 results, highlighting investments in networks and provided 2024 guidance.
Key Takeaways
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.
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
TDS provided estimated results for the full year 2024 for UScellular and TDS Telecom.
Positive Outlook
- 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.
Challenges Ahead
- 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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income