Altice USA Q1 revenue down 1.9% to $2.25B, net loss of $21.2M vs profit year ago

Optimum Communications, Inc.

2024-FY EPS reported -$0.05 revenue$2,250,935,000

Revenue $2.25B (-1.9% YoY); net loss attributable to stockholders $21.2M ($0.05/shr) vs $25.9M profit in Q1 2023.
Adjusted EBITDA $846.6M (-2.5% YoY), margin 37.6%; Free Cash Flow $63.6M positive.
Residential ARPU $135.67 (+0.3% YoY); fiber customer net adds +53k, total fiber customers 395k (+88% YoY).
Mobile line net adds +29k (3.8x YoY), ending 352k lines; broadband net losses -30k vs -19k YoY.
Issued $2.05B senior notes due 2029 at 11.750% to repay term loans; redeemed $750M revolver.

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 the quarter ended March 31, 2024 results: revenue $2.3 billion, net income ($21.2) million, EPS ($0.05) per diluted share.

Period: the quarter ended March 31, 2024
Revenue: $2.3 billion
Net income: ($21.2) million
EPS: ($0.05) per diluted share
Result: reported results

Exact text from the filing

customer relationships and elevating network and service quality, all while maintaining financial discipline." First Quarter 2024 Financial Overview • Total Revenue of $2.3 billion (-1.9% year over year). • Residential Revenue (1) of $1.8 billion (-2.9% year over year). • Residential Revenue per user (ARPU) (2) of $135.67 (+0.3% or +$0.35 year over year). •

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Optimum Communications, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-019804

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