8-K
filed February 22, 2023, 6:59 PM ET
ticker OPTU
CIK 0001702780
earnings
confidence high
sentiment negative
materiality 0.75
Altice USA Q4 revenue down 6% to $2.37B; net loss $193M; broadband subs decline 103k in FY 2022
Optimum Communications, Inc.
2020-FY EPS reported
$0.43
revenue$9,647,659,000
- Q4 revenue $2.37B (-6% YoY); net loss $193M vs profit $252M in Q4 2021; diluted EPS -$0.43.
- Adjusted EBITDA $913M (-15.7% YoY); cash capex $543M (+40.5% YoY); free cash flow -$82M.
- Residential broadband net losses 103k in FY 2022; fiber broadband adds 102k; total fiber customers 172k.
- FY 2023 capex guidance $1.7-1.8B; net leverage 6.3x LTM; targeting 4.5-5.0x over time.
- Successfully priced $2.0B Term Loan B-6 in December 2022; proceeds used to refinance existing debt.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Optimum Communications, Inc. reported the quarter ended December 31, 2022 results: revenue $2.37 billion, net income ($193.1) million, EPS ($0.43)/share on a diluted basis.
- Period
- the quarter ended December 31, 2022
- Revenue
- $2.37 billion
- Net income
- ($193.1) million
- EPS
- ($0.43)/share on a diluted basis
- Result
- reported results
Exact text from the filing
Total Revenue declined -6.0% YoY in Q4 2022 to $2.37 billion (-4.7% excluding air strand revenue (1) ), including Residential revenue decline of -5.0% YoY, Business Services revenue decline of -9.3% YoY (-0.4% excluding air strand revenue (1) ) and News & Advertising revenue decline of -10.8% YoY. Total revenue declined -4.4% YoY in FY 2022 (-3.2% excluding air strand revenue (1) ). • Net income (loss) attributable to stockholders was ($193.1) million in Q4 2022 (($0.43)/share on a diluted basis) compared to $251.7 million in Q4 2021 ($0.56/share on a diluted basis). Net income attributable to stockholders was $194.6 million ($0.43/share on a diluted basis) in FY 2022 compared to net income of $990.3 million in FY 2021 ($2.14/share on a diluted basis).
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Optimum Communications, Inc. reported the year ended December 31, 2022 results: net income $194.6 million, EPS $0.43/share on a diluted basis.
- Period
- the year ended December 31, 2022
- Net income
- $194.6 million
- EPS
- $0.43/share on a diluted basis
- Result
- reported results
Exact text from the filing
Net income attributable to stockholders was $194.6 million ($0.43/share on a diluted basis) in FY 2022 compared to net income of $990.3 million in FY 2021 ($2.14/share on a diluted basis).
View on SEC.gov
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