secwatch.observer — SEC 8-K summary
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Issuer:     Optimum Communications, Inc. (OPTU)
CIK:        0001702780
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001628280-23-015221
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702780/000162828023015221/0001628280-23-015221-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702780/000162828023015221/atus-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-015221

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