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Dec 31, 2022
Altice USA Q4 2022 Earnings Report
Altice USA's financial performance declined in Q4 2022 due to revenue decreases across multiple segments, despite progress in fiber network expansion and customer care improvements.
Key Takeaways
Altice USA reported a decrease in total revenue by 6.0% year-over-year in Q4 2022, with declines in Residential, Business Services, and News & Advertising revenues. Net income attributable to stockholders was a loss of $193.1 million, compared to a profit of $251.7 million in Q4 2021. Adjusted EBITDA also decreased by 15.7% year-over-year. The company made progress in its fiber network expansion, reaching 2.2 million fiber passings.
Total revenue decreased by 6.0% year-over-year to $2.37 billion in Q4 2022.
Net loss attributable to stockholders was $193.1 million, a significant change from the $251.7 million net income in Q4 2021.
Adjusted EBITDA declined by 15.7% year-over-year to $913.3 million with a margin of 38.6%.
Fiber broadband net additions were +36k in Q4 2022, more than three times the growth compared to Q4 2021 (+11k).
Revenue by Segment
Forward Guidance
The Company expects to continue to invest in key growth initiatives, with anticipated cash capex of approximately $1.7 billion to $1.8 billion in FY 2023.
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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