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Jun 30, 2021
Altice USA Q2 2021 Earnings Report
Altice USA's Q2 2021 results were reported, showing revenue growth driven by Broadband and News & Advertising, with a focus on broadband customer growth and network upgrades.
Key Takeaways
Altice USA reported a 1.7% YoY increase in total revenue for Q2 2021, reaching $2.52 billion. This growth was primarily driven by a 7.8% increase in Broadband revenue and a 36.4% increase in News & Advertising revenue. Net income attributable to stockholders was $197.7 million, or $0.43 per share. The company is focused on broadband customer growth and network upgrades, including fiber, and announced the new Optimum Mobile brand.
Total revenue grew by 1.7% YoY to $2.52 billion, driven by Broadband and News & Advertising revenue growth.
Net income attributable to stockholders was $197.7 million, or $0.43 per share.
Residential unique customer relationships grew +1.1% YoY.
Optimum Mobile rebranded as Optimum Mobile as of July 2021.
Revenue by Segment
Forward Guidance
The Company reiterates its financial outlook for FY 2021: Revenue: Growth, Adjusted EBITDA: Growth, Cash capital expenditures: $1.3 to $1.4 billion, Year-end leverage target (CSC Holdings, LLC debt silo): < 5.3x net debt / Adjusted EBITDA on an L2QA basis, Share repurchases: $1.5 billion
Positive Outlook
- Revenue: Growth
- Adjusted EBITDA: Growth
- Cash capital expenditures: $1.3 to $1.4 billion
- Year-end leverage target (CSC Holdings, LLC debt silo): < 5.3x net debt / Adjusted EBITDA on an L2QA basis
- Share repurchases: $1.5 billion
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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