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Jun 30, 2022
Altice USA Q2 2022 Earnings Report
Altice USA's Q2 2022 results were reported, showing progress in fiber deployment and customer growth amidst overall revenue decline.
Key Takeaways
Altice USA reported a 2.1% YoY decline in total revenue for Q2 2022, amounting to $2.46 billion. Net income attributable to stockholders was $106.2 million, a decrease from $197.7 million in Q2 2021. The company saw growth in its fiber network deployment, reaching 1.6 million passings and surpassing 100,000 fiber customers. Optimum Mobile also experienced significant subscriber growth, exceeding 200,000 lines.
Total revenue decreased by 2.1% YoY to $2.46 billion.
Fiber network deployment reached 1.6 million passings, with over 100,000 fiber customers.
Optimum Mobile subscriber growth accelerated, exceeding 200,000 lines.
Net income attributable to stockholders was $106.2 million ($0.23/share).
Revenue by Segment
Forward Guidance
Altice USA expects to continue accelerating 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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