ITTI(US:TDS) ZACKSยท2025-05-05 14:55Financial Performance - Telephone and Data Systems, Inc. (TDS) reported a net loss of $10 million or 9 cents per share for Q1 2025, compared to a net income of $12 million or 10 cents in the same quarter last year, missing the Zacks Consensus Estimate by 7 cents [2] - Total revenues were $1.15 billion, down from $1.26 billion year-over-year, missing the Zacks Consensus Estimate by $39 million [2] - U.S. Cellular revenues decreased by 6% year-over-year to $891 million, impacted by a reduction in postpaid retail and prepaid connections, and also missed revenue estimates of $920.5 million [3] Operating Metrics - TDS reported an operating income of $41 million, down from $51 million in the prior-year quarter, with total operating expenses at $1.11 billion, down 6% year-over-year [4][7] - Adjusted EBITDA for TDS Telecom was $76 million, a decrease of 20% year-over-year, while U.S. Cellular's adjusted EBITDA decreased by 7% to $254 million [7] Customer Metrics - Total residential connections decreased to 931,400 from 956,100 year-over-year, while residential revenues per connection increased to $65.67 from $64.58 [5] - The company saw an increase in broadband expansion, with total connections at 1,119,000 compared to 1,162,200 in the year-ago quarter [6] Cash Flow and Liquidity - TDS generated $186 million of net cash from operating activities in Q1 2025, down from $224 million in the prior-year quarter, with cash and cash equivalents at $348 million and long-term debt at $4.04 billion as of March 31, 2025 [8] Outlook - For 2025, management expects total operating revenues for TDS Telecom to be in the range of $1.03-$1.07 billion, with adjusted EBITDA estimated between $320-$360 million and capital expenditures expected to be $375-$425 million [10]