Altice USA Q4 revenue $2.3B (-2.9% YoY); net loss $0.26/sh; fiber & mobile grow

Optimum Communications, Inc.

2023-FY EPS reported $0.12 revenue$9,237,064,000

Q4 revenue $2.30B (-2.9% YoY); full-year $9.24B (-4.3% YoY). Adjusted EBITDA $903M Q4, $3.61B FY, margin 39.2% / 39.1%.
Net loss attributable to stockholders $117.8M Q4 ($0.26 loss/diluted share); full-year net income $53.2M ($0.12/diluted).
Broadband net losses 27k in Q4; fiber net adds +46k (best quarter); mobile net adds +34k (8.2x YoY) reaching 322k lines.
Jan 2024: issued $2.05B 11.75% senior notes due 2029 to repay term loans; plan to redeem $750M 5.25% notes due 2024 via revolver.
Net debt $24.4B consolidated; leverage 6.7x; target 4.5-5.0x for CSC Holdings. FY2024 capex guided ~$1.6-1.7B.

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 0.95

Optimum Communications, Inc. reported financial results for the fourth quarter and full year ended December 31, 2023.

Period: the fourth quarter and full year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 14, 2024, Altice USA, Inc. announced its financial results for the quarter and year ended December 31, 2023.

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Optimum Communications, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-004788

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