secwatch.observer — SEC 8-K summary
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Issuer:     Optimum Communications, Inc. (OPTU)
CIK:        0001702780
Form:       8-K
Filed at:   2024-11-04T23:59:59+00:00
Accession:  0001628280-24-044982
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Altice USA Q3 2024: net loss $43M, revenue -3.9%, fiber adds +47k, capex guide cut to $1.5B
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702780/000162828024044982/0001628280-24-044982-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702780/000162828024044982/atus-20241104.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-044982

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