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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | --- | --- | --- | |----------------------------|------------------------------------------------------------------------------|------------------------------- ...

The upcoming report from Altice USA, Inc. (ATUS) is expected to reveal quarterly earnings of $0.07 per share, indicating an increase of 116.3% compared to the year-ago period. Analysts forecast revenues of $2.29 billion, representing a decrease of 3.4% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company reveals its earnings, it ...

The market expects Altice USA, Inc. (ATUS) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 14, 2024, might help the stock move higher if these key num ...

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NEW YORK--(BUSINESS WIRE)--Altice USA (NYSE: ATUS) will host a conference call on Wednesday, February 14, 2024 at 4:30 p.m. ET to discuss financial and operating results for the fourth quarter and full year ended December 31, 2023. A press release reporting the results will be issued at 4:05 p.m. ET. The call will be led by Dennis Mathew, Chairman and CEO, and Marc Sirota, CFO. Dial-in Access Telephone Numbers: Participant Dial-In: 877-404-9653 / +1 201-689-8856 A live webcast of the presentation will b ...

Financial Data and Key Metrics Changes - In Q3 2023, total revenue declined by 3.2% year-over-year, primarily due to decreases in residential and news and advertising segments [40] - Residential revenue decreased by 3.4% year-over-year, attributed to cumulative video and broadband subscriber losses [40] - Adjusted EBITDA margin remained stable at 39.5%, with operating expenses declining approximately 1% year-over-year, marking the first year-over-year decline in 10 quarters [42] - Free cash flow for the quarter was $121 million, supported by higher operating free cash flow and working capital benefits [45] Business Line Data and Key Metrics Changes - Broadband customer net losses improved to 31,000 in Q3 2023 from 43,000 in Q3 2022, indicating better trends across the footprint [28] - Optimum Mobile saw significant growth with 24,000 net additions in Q3 2023 compared to 5,000 in Q3 2022, driven by improved sales training and promotional offers [32] - Fiber customer growth reached 295,000, with 45,000 new fiber customers added in the quarter [37] Market Data and Key Metrics Changes - The company gained 4 percentage points of win share quarter-over-quarter against competitors, particularly in the fiber market [29] - Churn rates improved, with nonpay churn decreasing by almost 10% year-over-year due to better customer collection practices [30] Company Strategy and Development Direction - The company is focused on simplifying pricing and enhancing customer experience through a new rate card strategy, aiming for transparency and predictability [48] - Plans to expand B2B offerings and improve product portfolios, particularly in voice solutions for SMB customers [22] - Continued investment in fiber infrastructure, with a goal of reaching approximately 600,000 fiber passings for the full year [39] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about stabilizing broadband subscribers and improving customer experience metrics, despite macroeconomic challenges [50] - The company is committed to driving quality and value, with a focus on enhancing customer satisfaction and reducing churn [58] Other Important Information - The company has implemented AI-based programs to maximize customer lifetime value and improve pricing strategies [18] - A new marketing campaign featuring Derek Jeter has been launched, contributing to mobile growth [34] Q&A Session All Questions and Answers Question: Impact of the new rate card on subscriber trends - Management indicated that the new rate card aims to reduce complexity and improve customer offers, with expectations of maintaining subscriber growth [48] Question: Feasibility of stabilizing broadband subscribers in 2024 - Management is optimistic about improving trends and customer experience metrics, but acknowledges ongoing macroeconomic challenges [50] Question: Improvements in win share against competitors - Management confirmed improvements across the entire footprint, with new local market structures contributing to better performance [52] Question: Plans for fiber deployment in 2024 and beyond - Management is bullish on the fiber plan but will evaluate capital intensity and deployment pace moving forward [54] Question: Long-term view on video and programming contracts - Management acknowledged the need for a new model in video distribution that prioritizes customer value and simplifies access to content [66]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Commission File Number Registrant; State of Incorporation; Address and Telephone Number IRS Employer Identification No. FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to 001-38126 38-3980194 Altice USA ...

Altice USA Q2 2023 Results Disclaimer FORWARD-LOOKING STATEMENTS Certain statements in this presentation constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, all statements other than statements of historical facts contained in this presentation, including, without limitation, those regarding our intentions, beliefs or current expectations concerning, among other things: our future ...