secwatch.observer — SEC 8-K summary
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Issuer:     Optimum Communications, Inc. (OPTU)
CIK:        0001702780
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001628280-23-035984
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702780/000162828023035984/0001628280-23-035984-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702780/000162828023035984/atus-20231101.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-035984

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