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Dec 31, 2023
Altice USA Q4 2023 Earnings Report
Altice USA's financial trends improved across revenue, adjusted EBITDA, and customer ARPU in the second half of 2023, with acceleration in fiber customer and mobile line net additions, alongside positive trends in customer experience, network, and operations.
Key Takeaways
Altice USA reported Q4 2023 results, showing improvements in revenue, adjusted EBITDA, and customer ARPU trends compared to the previous year. The company focused on operational and financial discipline, driving capital intensity down and generating positive free cash flow for the full year. Key operational highlights include strong fiber net additions and accelerated mobile net add growth.
Total revenue was $2.3 billion, a 2.9% year-over-year decrease, marking an improvement from the previous quarter's decline.
Residential revenue was $1.79 billion, down 2.8% year-over-year, primarily due to the loss of higher ARPU video customers.
Fiber customer net additions were +46k, the best quarter for fiber net adds.
Optimum Mobile saw accelerated growth, with +34k net adds, an 8.2x increase year-over-year.
Revenue by Segment
Forward Guidance
The Company expects to continue to invest in key growth initiatives, with anticipated cash capex of approximately $1.6 billion to $1.7 billion in FY 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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