earnings
confidence high
sentiment negative
materiality 0.75
Altice USA Q3 2024: net loss $43M, revenue -3.9%, fiber adds +47k, capex guide cut to $1.5B
Optimum Communications, Inc.
2024-FY EPS reported
-$0.11
revenue$6,719,390,000
- Revenue $2.23B (-3.9% YoY); net loss attributable to stockholders $43M vs $66.8M profit in Q3 2023.
- Adjusted EBITDA $862M (-5.8% YoY); Free Cash Flow $76.9M, including $115M higher cash interest YoY.
- Broadband net losses -50k; fiber net adds +47k (+63% YoY fiber customer growth); mobile net adds +36k (best in 4 years).
- Cash capex guidance reduced to ~$1.5B for FY2024 (vs ~$1.7B in 2023); targeting annual capex under $1.3B in FY2025.
- Consolidated net debt $24.6B, net leverage 7.1x; weighted average cost of debt 6.8%.