---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-015221"
form_type: "8-K"
ticker: "OPTU"
cik: "0001702780"
company_name: "Optimum Communications, Inc."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:17:29.599069+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Altice USA Q1 revenue down 5.3% to $2.29B; net income drops 87% to $25.9M; FCF negative $166M

## Summary
- Net income $25.9M ($0.06 diluted EPS) vs $196.6M ($0.43) YoY; adjusted EBITDA $868.4M, down 12.4%.
- Residential revenue fell 5.6% to $1.81B; total customer relationships lost 26k in Q1.
- Fiber broadband net adds +38k (best quarter); total fiber customers 210k; 2.37M FTTH passings.
- Cash capex $582.9M (48.6% YoY increase); FY 2023 capex guidance reiterated at $1.7-1.8B.
- Issued $1.0B senior notes at 11.25% due 2028 for general corporate purposes and refinancing.

## SEC filing metadata
- accession: 0001628280-23-015221
- form_type: 8-K
- ticker: OPTU
- cik: 0001702780
- company_name: Optimum Communications, Inc.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1702780/000162828023015221/0001628280-23-015221-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1702780/000162828023015221/atus-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-015221
- JSON: https://secwatch.observer/filing/0001628280-23-015221.json
- Plain text: https://secwatch.observer/filing/0001628280-23-015221.txt

## Key facts
- Earnings Releases
  Optimum Communications, Inc. reported the quarter ended March 31, 2023 results: revenue $2.29 billion, net income $25.9 million, EPS $0.06/share on a diluted basis.
  - Period: the quarter ended March 31, 2023
  - Revenue: $2.29 billion
  - Net income: $25.9 million
  - EPS: $0.06/share on a diluted basis
  - Result: reported results
  source text: grow our business and become the connectivity provider of choice across all the communities we serve." Key Financial Highlights • Total Revenue declined -5.3% YoY in Q1 2023 to $2.29 billion, including Residential revenue decline of -5.6% YoY, Business Services revenue decline of -1.1% YoY and News & Advertising revenue decline of -13.9% YoY. • Net income
  evidence_url: https://www.sec.gov/Archives/edgar/data/1702780/000162828023015221/0001628280-23-015221-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.