secwatch.observer — SEC 8-K summary
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Issuer:     Optimum Communications, Inc. (OPTU)
CIK:        0001702780
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001628280-24-019804
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702780/000162828024019804/0001628280-24-019804-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702780/000162828024019804/atus-20240502.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-019804

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer