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Sep 30, 2022
Altice USA Q3 2022 Earnings Report
Reported a decline in total revenue and adjusted EBITDA, but made significant progress in fiber network deployment.
Key Takeaways
Altice USA reported a decrease in total revenue by 7.0% year-over-year to $2.39 billion in Q3 2022. Net income attributable to stockholders was $85.0 million, a decrease compared to $266.9 million in Q3 2021. The company reached 1.9 million fiber passings and 135k fiber customers.
Total revenue declined -7.0% YoY to $2.39 billion.
Net income attributable to stockholders was $85.0 million ($0.19/share).
Fiber broadband net additions of 31k, reaching 135k fiber customers.
Adjusted EBITDA declined -18.1% YoY to $954.4 million with a margin of 39.9%.
Revenue by Segment
Forward Guidance
The Company expects to continue to accelerate investments in key growth initiatives, reiterating cash capex guidance of 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
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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