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Sep 30, 2023
Altice USA Q3 2023 Earnings Report
Altice USA reported improved broadband net adds, mobile line net adds, and fiber customer growth.
Key Takeaways
Altice USA reported a decrease in total revenue by 3.2% year-over-year. However, the company saw improvements in broadband subscriber trends, mobile net additions, fiber customer growth, and customer satisfaction. The company is focused on operational and financial discipline to return to sustainable broadband and cash flow growth.
Improved broadband net adds year-over-year for the second consecutive quarter.
Optimum Mobile net additions grew by 5x year-over-year.
Best quarter for Fiber net adds, reaching 295k Fiber customers.
Customer Experience (CX) leading to higher satisfaction scores.
Revenue by Segment
Forward Guidance
Altice USA is optimistic about its ability to return to sustainable broadband and cash flow growth with a continued focus on operational and financial discipline.
Positive Outlook
- Continued progress in building and delivering best-in-class network experiences.
- Fiber rollout continues with +61k new FTTH passings in the quarter.
- Optimum 8 Gig Internet launched to entire East Fiber Footprint.
- Optimum Multi-Gig Offerings Pick Up Steam.
- Continued Demand for Speed and Data Usage from Optimum Customers.
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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