Core Viewpoint - Altice USA, Inc. reported mixed fourth-quarter 2023 results, with revenue exceeding estimates but net income falling short, indicating challenges in certain segments while showing growth in others [2][3]. Financial Performance - The company reported a net loss of $117.8 million or 26 cents per share, an improvement from a loss of $193.1 million or 43 cents per share in the prior-year quarter, aided by tax benefits and lower operating expenses [3]. - Total revenues for the quarter were $2.3 billion, down from $2.36 billion year-over-year, but exceeded the consensus estimate by $13 million [4]. - For the full year 2023, net sales totaled $9.23 billion, a decrease from $9.64 billion in 2022 [4]. Segment Performance - Residential revenues, which include Broadband, Video, and Telephony, were $1.79 billion, down from $1.83 billion year-over-year, primarily due to the loss of higher ARPU video customers [6]. - Business services and wholesale revenues increased to $372 million from $368.4 million in the year-ago quarter, driven by growth in Lightpath revenues [5]. - News and Advertising revenues fell to $128.1 million from $151.8 million year-over-year, attributed to lower political advertising revenues [5]. Customer Metrics - FTTH broadband net additions exceeded 46,000 in the quarter, with total fiber broadband customers reaching 341,000 [5]. - The company had 2.73 million FTTH passings at the end of the quarter, with 14,900 added in the September-December period [4]. - Optimum Mobile subscriber growth reached 322,000 customers, representing a 7.1% penetration of the total broadband customer base [7]. Cash Flow and Debt - In 2023, Altice generated $1.82 billion in cash from operating activities, down from $2.36 billion in 2022 [9]. - As of December 31, 2023, the company's net debt stood at $24.82 billion [9]. Market Outlook - Estimates for Altice have trended downward, with a consensus estimate shift of -108.7% noted [9]. - The company holds a Zacks Rank 3 (Hold), indicating expectations for an in-line return in the coming months [11]. Industry Comparison - Altice USA, Inc. operates within the Zacks Communication - Components industry, where competitor Arista Networks reported a revenue increase of 20.8% year-over-year, highlighting contrasting performance within the sector [12].

NEW YORK--(BUSINESS WIRE)--Altice USA (NYSE: ATUS) today announces that Marc Sirota, CFO, will participate in the New Street Research and Boston Consulting Group Fiber to the Future Conference on Friday, March 22, 2024. The fireside chat is scheduled to begin at 1:30 p.m. ET. For a live webcast, please follow the link. About Altice USA Altice USA (NYSE: ATUS) is one of the largest broadband communications and video services providers in the United States, delivering broadband, video, mobile, proprietary c ...

NEW YORK--(BUSINESS WIRE)--Altice USA (NYSE: ATUS) today announces the appointments of John Hsu, SVP, Corporate Finance and John Lombana, SVP, Corporate Controller, both reporting to Chief Financial Officer Marc Sirota. John Hsu will oversee investor relations, treasury, and risk management functions. John Lombana will be responsible for the company’s financial reporting, accounting, internal controls, tax, revenue assurance, and financial system administration functions. “ As Altice USA and Optimum conti ...

Core Insights - Optimum, a brand of Altice USA, has selected O1, a Publicis Power of One solution, as its Creative, Media, PR, and Production agency of record to drive brand growth and enhance its connectivity products [1][2] Group 1: Agency Selection and Objectives - The selection of O1 follows a competitive review aimed at finding a partner to support Optimum's brand growth across its suite of connectivity products, including internet, mobile, TV, and phone services [1] - O1 is a dedicated team created specifically for Optimum, leveraging expertise from various Publicis Groupe agencies to enhance brand strategy, media planning, public relations, and performance-driven production [1][3] Group 2: Strategic Goals and Market Engagement - Optimum aims to engage customers in new ways and enhance its local presence by expanding its connectivity services portfolio and entering new markets [2] - The partnership with O1 is expected to enhance brand awareness and consumer consideration across Optimum's 21-state footprint, utilizing data-driven communications and influencer marketing [2][3] Group 3: Company Overview - Optimum serves approximately 4.7 million residential and business customers across 21 states, providing broadband, video, and mobile services [4] - The company operates a4, an advanced advertising and data business that offers audience-based advertising solutions to various clients [4] Group 4: Publicis Groupe Overview - Publicis Groupe is a global leader in communication, positioned across the value chain from consulting to execution, focusing on marketing and digital business transformation [5] - The Groupe employs around 100,000 professionals and operates in over 100 countries, providing clients with access to expertise in communication, media, data, and technology [5]

NEW YORK--(BUSINESS WIRE)--Optimum, the provider of advanced internet, mobile, TV, and phone services, today announces its continued partnership with robotics community FIRST® and its commitment to support FIRST robotics teams across the company’s 21-state footprint. Through this year’s commitment, Optimum is sponsoring over 60 teams for the 2024 FIRST® Robotics Competition season, which provides students with mentor-based programs to build science, technology, engineering, and math (STEM) skills. Optimum’ ...

Altice USA shares spiked as much as about 50% on Monday following a report that Charter Communications is considering buying the broadband company. Charter is working with financial advisors as it considers whether it would make sense to buy Altice USA, Bloomberg reported Monday, citing people with knowledge of the matter. It is unclear if Charter has made a formal approach, the outlet added. The larger company's shares dropped 3% on Monday afternoon. Charter declined to comment on the report, while Altice ...

Core Insights - Altice USA, Inc. reported mixed fourth-quarter 2023 results, with revenue exceeding estimates but net income falling short [1][2] - The company experienced a year-over-year revenue decline due to weak demand in Residential, News, and Advertising segments, although mobile line net additions and network upgrades are positive indicators [1][3] Financial Performance - Net loss for the quarter was $117.8 million, or 26 cents per share, an improvement from a loss of $193.1 million, or 43 cents per share, in the prior-year quarter [2] - Total revenues for the quarter were $2.3 billion, down from $2.36 billion year-over-year, but beat the consensus estimate by $13 million [3][5] - In 2023, net income was $53.2 million, a decrease from $194.6 million in 2022 [2] Revenue Breakdown - Residential revenues, including Broadband, Video, and Telephony, were $1.79 billion, down from $1.83 billion year-over-year, primarily due to the loss of higher ARPU video customers [5] - Business services and wholesale revenues increased to $372 million from $368.4 million in the year-ago quarter, driven by growth in Lightpath revenues [4] - News and Advertising revenues fell to $128.1 million from $151.8 million year-over-year, attributed to lower political advertising revenues [4] Customer Metrics - FTTH broadband net additions exceeded 46,000 in the quarter, with total fiber broadband customers reaching 341,000 [4] - Residential average revenue per user (ARPU) improved marginally by 0.1% year-over-year to $136.01 [4] - Optimum Mobile subscriber growth reached 322,000 customers, representing a 7.1% penetration of the total broadband customer base [6] Operational Highlights - Operating income improved to $302.3 million from $301.1 million in the prior-year quarter, while adjusted EBITDA was $903.3 million compared to $913.3 million [6] - Altice's total passings grew to 9.6 million by the end of 2023, with solid customer penetration typically reaching about 40% within a year of rollout in new-build areas [6] Cash Flow and Debt - In 2023, Altice generated $1.82 billion in cash from operating activities, down from $2.36 billion in 2022 [7] - As of December 31, 2023, the company's net debt stood at $24.82 billion [7]

Altice USA, Inc. (ATUS) reported $2.3 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 2.9%. EPS of -$0.26 for the same period compares to -$0.43 a year ago.The reported revenue represents a surprise of +0.57% over the Zacks Consensus Estimate of $2.29 billion. With the consensus EPS estimate being $0.07, the EPS surprise was -471.43%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wal ...

Altice USA, Inc. (NYSE:ATUS) Q4 2023 Earnings Conference Call February 14, 2024 4:30 PM ET Company Participants Sarah Freedman - Investor Relations Dennis Mathew - Chairman and Chief Executive Officer Marc Sirota - Chief Financial Officer Conference Call Participants Michael Rollins - Citi Ben Swinburne - Morgan Stanley Kutgun Maral - Evercore ISI John Hodulik - UBS Jessica Reif Ehrlich - Bank of America Craig Moffett - MoffettNathanson Vikash Harlalka - New Street Research Bryan Kraft - Deutsche Bank Opera ...

Altice USA Q4 and Full Year 2023 Results. FORWARD-LOOKING STATEMENTS Certainstatementsinthispresentationconstituteforward-lookingstatements withinthemeaningofthePrivateSecuritiesLitigationReformActof1995.Theseforward-lookingstatementsinclude,butarenotlimitedto, allstatementsotherthanstatementsofhistoricalfactscontainedinthispresentation,including,withoutlimitation,thoseregardingourintentions,beliefsorcurrentexpectationsconcerning,amongotherthings:ourfuture financial conditions and performance, results of op ...