earnings
confidence high
sentiment neutral
materiality 0.70
Altice USA Q2 revenue down 2.1% to $2.46B, net income falls 46%, fiber passings reach 1.59M
Optimum Communications, Inc.
2022-FY EPS reported
$0.67
revenue$4,884,911,000
- Net income $106.2M ($0.23 diluted EPS) vs $197.7M ($0.43) Q2 2021; Adjusted EBITDA $1.01B (-8.8%).
- Residential customer net losses -48k; broadband net losses -40k; fiber broadband adds +23k in Q2.
- Fiber passings 1.59M (+270k QoQ); total fiber customers >100k; multi-Gig speeds launched.
- Optimum Mobile lines 231k (+33k net adds in Q2); number 1 in ACSI customer satisfaction.
- FY 2022 capex guidance reiterated at $1.7-1.8B; extended $2.325B RCF maturity to July 2027.