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Mar 31, 2022
Altice USA Q1 2022 Earnings Report
Altice USA reported a decline in total revenue and adjusted EBITDA, but showed growth in News & Advertising revenue and progress in fiber deployment and network upgrades.
Key Takeaways
Altice USA's Q1 2022 results showed a mixed performance. Total revenue decreased by 2.3% year-over-year to $2.42 billion, while net income attributable to stockholders was $196.6 million, down from $274.1 million in the same period last year. However, the company made progress in expanding its Optimum Fiber network and saw growth in News & Advertising revenue.
Total revenue declined by 2.3% year-over-year to $2.42 billion.
Net income attributable to stockholders decreased to $196.6 million ($0.43/share).
Adjusted EBITDA decreased by 7.7% year-over-year to $991.7 million.
Fiber (FTTH) rollout is progressing with 1.32 million FTTH passings as of Q1 2022.
Revenue by Segment
Forward Guidance
Altice USA expects to continue to accelerate investments in key growth initiatives, increasing cash capex to approximately $1.7 billion to $1.8 billion in FY 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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