secwatch.observer — SEC 8-K summary
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Issuer:     Optimum Communications, Inc. (OPTU)
CIK:        0001702780
Form:       8-K
Filed at:   2026-08-06T11:31:53+00:00
Accession:  0001702780-26-000042
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Optimum Q2 net loss widens to $292M; revenue down 5.8%; mobile adds +50k
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702780/000170278026000042/0001702780-26-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702780/000170278026000042/optu-20260806.htm
  HTML page:      https://secwatch.observer/filing/0001702780-26-000042

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