Financial Performance - Total revenue for Q4 2024 was $2.2 billion, a decrease of 2.9% year over year, and $9.0 billion for FY 2024, down 3.1% year over year[4] - Adjusted EBITDA for Q4 2024 was $837.5 million, a decrease of 7.3% year over year, with a margin of 37.5%[4] - Adjusted EBITDA for the twelve months ended December 31, 2024, was $3,413,181, down 5.4% from $3,608,890 in 2023[21] - Operating income for the twelve months ended December 31, 2024, was $1,680,092, slightly down from $1,701,940 in 2023[13] - The Adjusted EBITDA margin for Q4 2024 was 37.5%, compared to 39.2% in Q4 2023[21] - Free Cash Flow for FY 2024 was $149.4 million, including $37.3 million of higher cash interest year over year[4] - Free Cash Flow for the twelve months ended December 31, 2024, increased to $149,388 from $121,587 in 2023, reflecting a growth of 22.9%[22] Revenue Breakdown - Residential revenue in Q4 2024 was $1.7 billion, down 5.6% year over year, and $6.9 billion for FY 2024, a decline of 4.6% year over year[4] - Residential ARPU for Q4-24 was $135.44, showing a slight decrease from $136.80 in FY-23[11] - Residential revenue decreased to $1,686,046 in Q4 2024 from $1,786,092 in Q4 2023, representing a decline of 5.6%[13] Customer Metrics - Fiber customer net additions reached 538k in FY 2024, a 58% increase compared to year-end 2023, with fiber network penetration at 18.2%[7] - Mobile lines increased by 43% year over year, totaling 460k lines at year-end 2024, with net additions of 137k for FY 2024[7] - Total customer relationships for FY-23 were 4,743.5 thousand, with a decline continuing into FY-24[11] - Total unique customer relationships for Altice USA are approximately 4.6 million across 21 states[31] - Total customer net losses for FY-23 were 136.2 thousand, with continued losses projected into FY-24[11] - Residential customer relationships decreased by 135.4 thousand in FY-23, with net losses continuing into FY-24, totaling 191.1 thousand by Q4-24[11] Capital Expenditures and Debt - Total cash capital expenditures for FY 2024 were $1.4 billion, a decrease of 15.9% year over year, with capital intensity at 16.0%[4] - Capital expenditures for the twelve months ended December 31, 2024, were $1,433,013, a decrease from $1,704,811 in 2023[15] - Consolidated net debt for Altice USA was $24.6 billion, representing a consolidated net leverage of 7.3x L2QA[10] - Total debt for Altice USA, including finance leases and supply chain financing, is $25,096 million, resulting in a net debt of $24,839 million[26] - Consolidated net debt for CSC Holdings, LLC as of December 31, 2024, is $23,241 million, with gross debt totaling $23,359 million[24] - The consolidated net leverage ratio for CSC Holdings is 7.2x based on LTM EBITDA of $3,162 million[25] Future Outlook - Future growth strategies include expanding broadband, fiber, video, and mobile services, with a focus on operational performance improvements[32] - The company anticipates continued revenue growth and operational efficiency improvements in the upcoming periods[32]

Wall Street analysts expect Altice USA, Inc. (ATUS) to post quarterly earnings of $0.04 per share in its upcoming report, which indicates a year-over-year increase of 115.4%. Revenues are expected to be $2.24 billion, down 2.7% from the year-ago quarter.The consensus EPS estimate for the quarter has been revised 7.7% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a company ...

 Major Infrastructure Solutions to be Headed by EVP Tim HaverkateJoe Harding Joins Company as President of Core Infrastructure & Networking Solutions NEW YORK, Jan. 21, 2025 /PRNewswire/ -- Lightpath, an all-fiber infrastructure-based connectivity provider that is revolutionizing how organizations connect to their digital destinations, announced the launch of two distinct performance units: Major Infrastructure Solutions for large-scale connectivity, and Core Infrastructure and Network Solutions for connect ...

AI-Driven Demand and Fiber Infrastructure - Lightpath, a subsidiary of Altice USA Inc (ATUS), booked $110 million in AI-driven digital infrastructure sales to hyperscalers in 2024, with an order backlog of approximately $1 billion [1] - Exponential bandwidth growth for AI initiatives is driving demand for low-latency, secure fiber optic networks, prompting communication service providers to invest heavily in LTE, broadband, and fiber infrastructure [2] - Lightpath's dense all-fiber network spans 10,800 unique route miles, positioning it well to support AI deployments in key metro areas like New York, Boston, and Miami [3] Strategic Acquisition of United Fiber and Data (UFD) - Lightpath plans to acquire UFD, which operates a 323-route mile high-fiber network connecting New York City to Ashburn, VA, a critical data center hub [4] - UFD's 79-route mile metro network in New York City and New Jersey connects over 350 enterprise and data center locations, including a high-fiber Hudson River crossing [4] - The acquisition will expand Lightpath's network to over 20,000 route miles, enhancing connectivity with 140+ data centers and 7 cable landing stations, particularly in high-demand areas like Manhattan and Ashburn [5] Market Expansion and Growth Prospects - Altice USA aims to expand its fiber network to reach 6.5 million FTTH passings by the end of 2025, targeting 100% fiber broadband coverage in over two-thirds of its footprint [6] - Strategic acquisitions like UFD are expected to improve scale, operating efficiency, and market penetration, attracting more customers and increasing market share [6][7] - The expanded service capability is likely to drive incremental revenues and positively impact ATUS stock performance [7]

 2024 Bookings from AI-Related Connectivity Totaled Nearly $110 MillionNEW YORK, Jan. 16, 2025 /PRNewswire/ -- Lightpath, an all-fiber, infrastructure-based connectivity provider that is revolutionizing how organizations connect to their digital destinations, announced that in 2024 the company booked nearly $110 million of artificial intelligence (AI)-driven digital infrastructure sales to hyperscalers. At the end of 2024, Lightpath's AI-related infrastructure opportunities pipeline totaled nearly $1 billio ...

Settlement Details - Altice US has agreed to a settlement with West Virginia, involving $40 million in additional infrastructure upgrades through 2027 [4] - The company will provide $4 million in credits to customer accounts and pay the state $500,000 as part of the settlement [4] - Current customers who qualify will receive $25 credits, while former customers can submit claims for potential cash refunds [3] Historical Context - Altice, operating under the Optimum brand in West Virginia, was fined $2.2 million in 2022 for ignoring customer complaints, reducing full-time employees, and cutting maintenance work and budget [2] - The company has invested $75 million in infrastructure upgrades in the state since 2021 [3] Future Commitments - If the current upgrades are not completed by 2027, Altice could face additional fines of up to $40 million [3] - The settlement is seen as a significant win for West Virginia consumers, according to Attorney General Patrick Morrisey [4]

The ongoing saga between MSG Networks and Altice — the parent company of Optimum — has taken another turn. According to MSG Networks, Altice walked away from negotiations after pulling its last proposal as the search for an agreement that would include allowing Optimum customers to regain access to Knicks, Rangers, Islanders and Devils games dragged on. The previous deal, where Optimum paid MSG Networks $10 per subscriber, expired at midnight on Jan. 1, The Post’s Josh Kosman previously reported. Knicks fan ...

Altice USA Inc. (ATUS) subsidiary Optimum has reached a milestone of 100% fiber connectivity across 500,000 residential customers. The unique feat was achieved on the back of significant investments to expand its fiber network footprint across its service areas. These include a $40 million investment in Long Island this year and a multi-million-dollar infrastructure upgrade in the Northeast markets over the last several years.Altice has also forayed into new markets to strengthen its regional presence. The ...

Altice USA, Inc. (NYSE: ATUS ) recently announced Q3 earnings , so I wanted to take a look at the numbers and talk a little about my concerns about the company’s turnaround potential. I believe it is going toMSc in Finance. Long-term horizon investor mostly with 5-10 year horizon. I like to keep investing simple. I believe a portfolio should consist of a mix of growth, value, and dividend-paying stocks but usually end up looking for value more than anything. I also sell options from time to time.Analyst’s D ...

Altice USA, Inc. (ATUS) reported soft third-quarter 2024 results, with both adjusted earnings and revenues missing the Zacks Consensus Estimate.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The company reported a revenue decline year over year, owing to soft demand trends in the Residential, Business Services and Wholesale segments. However, growth in mobile line and fiber customer net additions, focus on network upgrades, improving customer care and financial discipline were the ...