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Mar 31, 2024
Altice USA Q1 2024 Earnings Report
Altice USA reported mixed results in Q1 2024, with revenue decline offset by growth in fiber and mobile, and improved customer experience metrics.
Key Takeaways
Altice USA's Q1 2024 results showed a focus on customer profitability, with improved financial trends in customer ARPU and revenue growth in fiber customer net adds and mobile line net adds. The company reported a total revenue of $2.3 billion, a net loss attributable to stockholders of $21.2 million, and a free cash flow of $63.6 million.
Total revenue decreased by 1.9% year-over-year to $2.3 billion.
Residential revenue decreased by 2.9% year-over-year to $1.8 billion, but residential ARPU increased by 0.3% to $135.67.
Optimum Mobile net additions grew by +29k, 3.8x Growth Year Over Year.
Fiber customer net additions were strong, with +53k net adds in Q1 2024.
Revenue by Segment
Forward Guidance
The Company expects to continue to invest in key growth initiatives, with anticipated cash capex of approximately $1.6 billion to $1.7 billion in Full Year 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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