---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-035984"
form_type: "8-K"
ticker: "OPTU"
cik: "0001702780"
company_name: "Optimum Communications, Inc."
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T02:54:47.297764+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Altice USA reports Q3 2023 revenue down 3.2% YoY to $2.32B; broadband net losses narrow

## Summary
- Net income $66.8M ($0.15 diluted EPS) vs $84.9M prior year; Adjusted EBITDA $915.5M, down 4.1% YoY.
- Residential revenue $1.83B (-3.4% YoY); total broadband net losses improved to -31k from -43k YoY.
- Optimum Mobile net adds +24k (5x YoY growth), reaching 288k lines; fiber customers +45k net adds, best quarter.
- Cash capex $353.2M, down 28.4% YoY; operating FCF $562.3M, up 22.0% YoY; FCF $121.3M, down 10.6%.
- Net leverage 6.7x L2QA; target 4.5x-5.0x; weighted average cost of debt 6.1%.

## SEC filing metadata
- accession: 0001628280-23-035984
- form_type: 8-K
- ticker: OPTU
- cik: 0001702780
- company_name: Optimum Communications, Inc.
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1702780/000162828023035984/0001628280-23-035984-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1702780/000162828023035984/atus-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-035984
- JSON: https://secwatch.observer/filing/0001628280-23-035984.json
- Plain text: https://secwatch.observer/filing/0001628280-23-035984.txt

## Key facts
- Earnings Releases
  Optimum Communications, Inc. reported quarter ended September 30, 2023 results: revenue $2.32 billion, net income $66.8 million, EPS $0.15.
  - Period: quarter ended September 30, 2023
  - Revenue: $2.32 billion
  - Net income: $66.8 million
  - EPS: $0.15
  - Result: reported results
  source text: Total Revenue was $2.32 billion, down -3.2% YoY This included Residential revenue decline of -3.4% YoY, Business Services revenue growth of +0.1% YoY and News & Advertising revenue decline of -10.8% YoY (or News & Advertising revenue growth of +4.9% YoY excluding political revenue). ◦ Residential Revenue (6) was $1.83 billion, down -3.4% YoY Driven mostly due to the loss of higher ARPU video customers over the last year. ◦ Residential revenue per customer (7) was $138.42 Grew sequentially +$0.98 in Q3-23 vs Q2-23, and was down -0.6% YoY. ◦ Business Services Revenue was $366.9 million, grew +0.1% YoY This included Lightpath revenue growth of +2.3% YoY, and SMB / Other decline of -0.7% YoY. ◦ News and Advertising Revenue was $107.5 million, down -10.8% YoY Excluding political revenue, News & Advertising grew +4.9% YoY. • Net income attributable to stockholders was $66.8 million ($0.15/share on a diluted basis)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1702780/000162828023035984/0001628280-23-035984-index.htm

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