earnings
confidence high
sentiment negative
materiality 0.80
Optimum Q2 net loss widens to $292M; revenue down 5.8%; mobile adds +50k
Optimum Communications, Inc.
- Net loss $291.8M ($0.67 diluted EPS) vs $96.3M ($0.21) in Q2 2025; revenue $2.02B (-5.8% YoY).
- Adjusted EBITDA $785.7M (margin 38.8%, +140bps YoY); free cash flow deficit $91.9M vs $28.4M prior year.
- Broadband net losses 40k (incl. bulk agreement); mobile line net adds +50k (best Q2), total mobile lines 724k.
- Completed $300M preferred placement (13%/15%) and $212.5M exchange; July tender offer bought 120M shares at $2.50.
- Net debt $25.3B, leverage 8.0x; operating cash flow $228.1M (-44.6% YoY); capex $320M (-16.6% YoY).