Optimum Communications Q4 Earnings Call Highlights

Despite top-line declines, Optimum posted a significant improvement in profitability. Adjusted EBITDA rose 7.7% year-over-year to $902 million, marking what management said was the first quarter of year-over-year adjusted EBITDA growth in 16 quarters. Adjusted EBITDA margin expanded 380 basis points to 41.3%, which executives described as the highest EBITDA margin in 16 quarters and the first time surpassing the 40% level in that span.In contrast, Connectivity and all other revenue grew 2% year-over-year, s ...