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Jun 30, 2024
Altice USA Q2 2024 Earnings Report
Achieved growth in fiber customer and mobile line net adds, improved customer experience, network, and operations.
Key Takeaways
Altice USA reported Q2 2024 results with improvements in operational metrics, customer satisfaction, and growth in fiber, mobile, and B2B businesses. The company saw stabilization of ARPU and introduced new go-to-market strategies. Total revenue was $2.2 billion, and net income attributable to stockholders was $15.4 million.
Significant growth in Net Promoter Scores (NPS) driven by improved Customer Experience (CX).
Strong Fiber Net Adds Reaching 434k Fiber Customers, a +74% Increase in Total Fiber Customers Compared to Q2 2023.
Mobile Line Net Adds of +33k in Q2 2024; 2.0x Acceleration Year Over Year; Reaching 385k Lines.
Launched Entertainment TV in July 2024, Optimum's new low-cost internet TV package, available exclusively on Optimum Stream, and offering 80+ top-rated channels.
Revenue by Segment
Forward Guidance
Altice USA anticipates cash capital expenditures under $1.6 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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