secwatch.observer — SEC 8-K summary
======================================

Issuer:     Optimum Communications, Inc. (OPTU)
CIK:        0001702780
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001628280-24-033892
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Altice USA Q2 revenue $2.24B (-3.6%); net income $15.4M vs $78.3M YoY; broadband losses -51k
--------------------------------------------------------------------------------

- Total revenue $2.24B (-3.6% YoY); residential revenue $1.75B (-4.4%); net income $15.4M ($0.03 diluted EPS) vs $78.3M in Q2 2023.
- Adjusted EBITDA $867.2M (-5.9% YoY); margin 38.7%; free cash flow deficit -$40.9M.
- Broadband net losses -51k (worsened from -37k YoY); fiber net adds +40k; mobile net adds +33k (2x YoY acceleration).
- Cash capex $347.7M (-26.6% YoY); full-year 2024 capex guidance under $1.6B.
- Consolidated net debt $24.566B; net leverage 7.2x; weighted avg cost of debt 6.5%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702780/000162828024033892/0001628280-24-033892-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702780/000162828024033892/atus-20240801.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-033892

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