secwatch.observer — SEC 8-K summary
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Issuer:     Optimum Communications, Inc. (OPTU)
CIK:        0001702780
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001628280-22-027839
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Altice USA Q3 revenue down 7% to $2.39B; net income falls to $85M from $267M
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- Q3 revenue $2.39B (-7.0% YoY); net income $85M ($0.19 diluted EPS) vs $267M ($0.58) in Q3 2021.
- Adjusted EBITDA $954.4M (-18.1% YoY); margin 39.9%; cash capex $493.6M (20.6% of revenue).
- Residential broadband net losses 43k; customer relationships down 2.8% YoY; video net losses 82k.
- Added 321k FTTH passings in Q3 (1.9M total); fiber broadband net additions +31k, reaching 135k customers.
- Dennis Mathew appointed CEO effective Oct 3, 2022; Dexter Goei named Executive Chairman.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702780/000162828022027839/0001628280-22-027839-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702780/000162828022027839/atus-20221102.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-027839

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