secwatch.observer — SEC 8-K summary
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Issuer:     Optimum Communications, Inc. (OPTU)
CIK:        0001702780
Form:       8-K
Filed at:   2023-02-22T23:59:59+00:00
Accession:  0001628280-23-004565
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Altice USA Q4 revenue down 6% to $2.37B; net loss $193M; broadband subs decline 103k in FY 2022
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702780/000162828023004565/0001628280-23-004565-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702780/000162828023004565/atus-20230222.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-004565

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