Altice USA Q2 revenue $2.32B (-5.6% YoY); net income $78.3M; free cash flow deficit $34.6M

Optimum Communications, Inc.

2023-FY EPS reported $0.23 revenue$4,618,252,000

Net income $78.3M ($0.17 diluted EPS) vs $106.2M ($0.23) in Q2 2022; revenue fell 5.6% to $2.32B.
Adjusted EBITDA $921.7M (-8.5% YoY); Free cash flow deficit of $34.6M; cash capex $473.4M.
Fiber broadband net adds best quarter at +40k, total fiber customers 250k; broadband net losses -37k.
CSC Holdings issued $1.0B senior notes at 11.250% in April; net debt $24.5B, leverage 6.7x.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.55

Optimum Communications, Inc. reported the quarter ended June 30, 2023 results: revenue $2.32 billion, net income $78.3 million, EPS $0.17/share on a diluted basis.

Period: the quarter ended June 30, 2023
Revenue: $2.32 billion
Net income: $78.3 million
EPS: $0.17/share on a diluted basis
Result: reported results

Exact text from the filing

in the quarter are leading indicators of a return to sustainable broadband and cash flow growth." Key Financial Highlights • Total Revenue declined -5.6% YoY in Q2 2023 to $2.32 billion, including Residential revenue decline of -5.7% YoY, Business Services revenue decline of -1.9% YoY and News & Advertising revenue decline of -14.8% YoY. • Net income

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Optimum Communications, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-026763

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