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Dec 31, 2019
Altice USA Q4 2019 Earnings Report
Altice USA's Q4 2019 results reflected slight revenue growth, driven by residential and business services, but net income was minimal and Adjusted EBITDA declined due to mobile losses.
Key Takeaways
Altice USA reported a slight increase in total revenue for Q4 2019, driven by growth in Residential and Business Services revenues, while News and Advertising revenue declined. Net income was minimal, and Adjusted EBITDA saw a slight decrease, impacted by mobile losses. The company is focused on network investments and expects revenue growth to accelerate in 2020.
Total revenue increased by 0.8% year-over-year in Q4 2019, reaching $2.475 billion.
Residential revenue grew by 0.1%, with broadband growth of 11.1%.
Business Services revenue increased by 4.1% year-over-year in Q4 2019.
Net income attributable to stockholders was $0.3 million in Q4 2019.
Revenue by Segment
Forward Guidance
For the full year 2020, Altice USA anticipates revenue growth (ex-mobile) of 2.0% to 2.5%, Adjusted EBITDA margin (ex-mobile) expansion, capital expenditures of $1.3 billion to $1.4 billion, a year-end leverage target of 4.5x to 5.0x net debt / Adjusted EBITDA (L2QA basis), and share repurchases of $1.7 billion.
Positive Outlook
- Revenue growth (ex-mobile) of 2.0% to 2.5%
- Adjusted EBITDA margin (ex-mobile) expansion
- Capital expenditures of $1.3 billion to $1.4 billion
- Year-end Leverage target 4.5x to 5.0x net debt / Adjusted EBITDA (L2QA basis)
- Share repurchases of $1.7 billion
Historical Earnings Impact
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Avg. Return Before/After Earnings
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