Optimum Q1 net loss of $2.88B includes $2.7B franchise impairment; revenue down 4%

Optimum Communications, Inc.

2026-Q1 EPS reported -$6.10 revenue$2,065,368,000

Net loss attributable to stockholders of $2.88B ($6.10 diluted EPS) vs $75.7M loss in Q1 2025.
Revenue $2.07B, down 4.0% YoY, with residential revenue falling 6.5% to $1.56B.
Adjusted EBITDA $789.0M, margin 38.2% (+110 bps YoY); free cash flow deficit of $137.4M.
Broadband net losses of 64k in Q1 (incl. 8k prior-period adjustment); mobile net adds of 52k, best in six years.
Lightpath refinanced all debt via asset-backed securitization; $1.1B incremental term loan at Cablevision Litchfield.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Optimum Communications, Inc. reported the quarter ended March 31, 2026 results: revenue $2.07 billion, net income ($2,884.1) million, EPS ($6.10)/share on a diluted basis.

Period: the quarter ended March 31, 2026
Revenue: $2.07 billion
Net income: ($2,884.1) million
EPS: ($6.10)/share on a diluted basis
Result: reported results

Exact text from the filing

structure, are the right foundation for creating durable long-term value for our customers, our employees, and our shareholders." First Quarter 2026 Overview • Total revenue of $2.07 billion in Q1 2026 (-4.0% year over year) • Residential revenue of $1.56 billion in Q1 2026 (-6.5% year over year) ◦ Residential average revenue per user (ARPU) (1) $132.32 (-1.2% year

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Source: SEC EDGAR

accession 0001702780-26-000029

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