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 ...

Financial Data and Key Metrics Changes - In Q3 2024, the company reported total revenue of $2.2 billion, a decline of 3.9% year-over-year, primarily due to a 5.6% decrease in residential revenue attributed to video subscriber losses [42][10] - Adjusted EBITDA for the quarter was $862 million, resulting in an adjusted EBITDA margin of 38.7%, down 5.8% year-over-year [45][10] - Residential ARPU was $135.77, reflecting a 1.9% decline year-over-year, while pro forma residential ARPU, excluding video impact, remained flat at approximately $83 [42][10] Business Line Data and Key Metrics Changes - The company added 47,000 fiber net additions, bringing the total fiber customer base to 482,000, with a penetration rate of approximately 17% across the total fiber footprint [13][10] - Mobile services revenue grew by 50% year-over-year, marking the fourth consecutive quarter of such growth [43][10] - Business Services revenue remained relatively flat year-over-year, driven by growth in the Lightpath Enterprise business, offset by declines in SMB and other segments [44][10] Market Data and Key Metrics Changes - The company experienced broadband subscriber net losses of 50,000 in the quarter, primarily due to the impact of the ACP program's sunset and fewer additions in the back-to-school university segment [15][10] - The competitive landscape saw increased pressure from fixed wireless and fiber overbuilders, particularly from Verizon and AT&T [57][10] Company Strategy and Development Direction - The company is transitioning to Phase 2 of its transformation, focusing on accelerating business transformation, growing new revenue streams, and moderating operating expenses [8][10] - A multiyear network strategy is being implemented to enhance capital efficiency and prioritize high-return capital projects [20][10] - The company aims to grow its fiber customer base to over 1 million by the end of 2026, targeting a penetration rate of 30% [32][10] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by the macroeconomic environment, video cord cutting, and increased competition but expressed confidence in stabilizing ARPU and maintaining low churn rates [11][10] - The company is optimistic about future growth opportunities through improved broadband subscriber trends and the introduction of new value-added services [27][10] - Management emphasized the importance of enhancing customer experience and operational efficiencies to support long-term growth [34][10] Other Important Information - The company generated approximately $100 million in free cash flow year-to-date and anticipates full-year capital expenditures of around $1.5 billion, a reduction from previous guidance [20][46] - The company has achieved significant improvements in service call and visit trends, reflecting ongoing commitments to enhancing network and customer experience [26][10] Q&A Session Summary Question: Did the company see improvements in broadband amid competitive pressures? - Management noted a decline in gross add activity across the industry but highlighted improvements in win-loss percentages due to better competitive strategies [57][58] Question: What is the expected impact of mobile on EBITDA? - Management expressed optimism about mobile margins and their potential to drive down broadband churn and increase customer lifetime value [70][71] Question: How does the company plan to achieve its mobile subscriber targets? - Management outlined plans to expand sales channels and improve product offerings to accelerate mobile subscriber growth [75][76] Question: What are the expectations for capital expenditures moving forward? - Management indicated that capital expenditure reductions are due to improved efficiencies and a focus on high-return projects [81][82] Question: How does the company view potential M&A opportunities? - Management remains open to value-accretive transactions but emphasized a focus on driving growth in existing operations [102][103]

Altice USA, Inc. (ATUS) reported $2.23 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 3.9%. EPS of -$0.09 for the same period compares to $0.15 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.24 billion, representing a surprise of -0.54%. The company delivered an EPS surprise of -550.00%, with the consensus EPS estimate being $0.02.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...

| --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------| | | | | | | | | | | | | 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 curr ...