Q2 2024 Financial Performance - Revenue decreased by 3.6% year-over-year to $2.241 billion[51] - Adjusted EBITDA decreased by 5.9% year-over-year to $867 million[7, 51] - Adjusted EBITDA margin was 38.7%[51] - Cash capital expenditures decreased by 26.6% year-over-year to $348 million[7, 51] Subscriber Trends - Total broadband subscribers decreased by 3.6% year-over-year[7] - Total fiber subscribers reached 434,000[7] - Total mobile lines reached 385,000[7] Operational Improvements - Customer self set-ups increased by 56% year-over-year[9] - The company has speed right-sized over 700,000 customers in the last 8 months[9] - There were 1.7 million fewer inbound calls LTM[9] - There were 235,000 fewer service visits LTM[9] Network Expansion - The company added 67,000 total passings in Q2 2024[42] - Fiber passings additions were +62,000 in Q2 2024[42]

Financial Performance - Total revenue for Q2 2024 was $2.2 billion, a decrease of 3.6% year over year[3] - Residential revenue was $1.8 billion, down 4.4% year over year, with ARPU at $135.95, a decline of 1.1% or $1.49 year over year[3] - Business Services revenue increased to $369.3 million, up 1.3% year over year[3] - Net income attributable to stockholders was $15.4 million ($0.03/share) in Q2 2024, compared to $78.3 million ($0.17/share) in Q2 2023[3] - Net income attributable to Altice USA stockholders for Q2 2024 was $15,361, compared to $78,300 in Q2 2023, reflecting a decrease of 80.4%[15] - The diluted net income per share for Q2 2024 was $0.03, down from $0.17 in Q2 2023, reflecting an 82.4% decrease[15] - Net income for Q2 2024 was $21,702 thousand, a decrease from $86,144 thousand in Q2 2023, while net income for the first half of 2024 was $8,806 thousand compared to $117,314 thousand in the same period last year[20] Cash Flow and Expenses - Free Cash Flow deficit was ($40.9) million, impacted by $57 million in higher cash taxes year over year[3] - Free Cash Flow for the first six months of 2024 was $706,455, down from $855,687 in the same period of 2023, indicating a decrease of 17.4%[16][18] - Total operating expenses for Q2 2024 were $1,739,173, a decrease of 3.4% from $1,800,408 in Q2 2023[15] - Net cash flows from operating activities for Q2 2024 were $306,794 thousand, a decline from $438,841 thousand in Q2 2023, while for the first half of 2024, it was $706,455 thousand compared to $855,687 thousand in the same period last year[21] - Free cash flow for Q2 2024 was a deficit of $40,927 thousand, worsening from a deficit of $34,604 thousand in Q2 2023, while for the first half of 2024, free cash flow was $22,639 thousand compared to a deficit of $200,655 thousand in the same period last year[21] Capital Expenditures and Debt - Capital expenditures were $347.7 million, a decrease of 26.6% year over year, with a capital intensity of 15.5%[3] - Capital expenditures for the first six months of 2024 were $683,816, a decrease from $1,056,342 in the same period of 2023, representing a reduction of 35.3%[16] - Consolidated net debt for Altice USA was $24,566 million, representing a consolidated net leverage of 7.2x L2QA[8] - Consolidated net debt as of June 30, 2024, was $23,167 million, with gross debt consolidated at $24,928 million[23] - The net leverage ratio (LTM) was 7.0x as of June 30, 2024, consistent with the previous quarter, while the weighted average cost of debt (WACD) was 6.6%[25] Customer Metrics - Fiber customer net additions reached 434k, a 74% increase in total fiber customers compared to Q2 2023[5] - Mobile line net additions were +33k in Q2 2024, a 2.0x acceleration year over year, reaching a total of 385k lines[5] - Total broadband primary service units (PSUs) experienced net losses of -51k in Q2 2024, compared to -37k in Q2 2023[5] Strategic Focus and Future Outlook - The company is focusing on market expansion and new product development to drive future growth, although specific details were not disclosed in the earnings call[28] - Altice USA emphasizes its commitment to future financial performance, including revenue streams and operational improvements[34] - The company is focused on growth in broadband, fiber, video, and mobile services as part of its strategic objectives[34] - Altice USA's forward-looking statements include expectations for Free Cash Flow and capital expenditure plans[34] - The company acknowledges risks and uncertainties that could affect actual results compared to its forward-looking statements[34] - Altice USA plans to enhance its product offerings and base management strategy to improve operational performance[34] Media and Advertising - Altice USA serves approximately 4.7 million residential and business customers across 21 states through its Optimum brand[33] - The company operates Optimum Media, providing audience-based, multiscreen advertising solutions to various businesses[33] - The company provides hyper-local, national, and international news through its News 12 and i24NEWS networks[33]

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 March 31, 2024 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, In ...

Altice USA, Inc. (NYSE:ATUS) Q1 2024 Earnings Conference Call May 2, 2024 8:30 AM ET Company Participants Sarah Freedman - Investor Relations Dennis Mathew - Chairman and Chief Executive Officer Marc Sirota - Chief Financial Officer Conference Call Participants Kutgun Maral - Evercore ISI Gregory Williams - TD Cowen Jonathan Chaplin - New Street Jessica Reif Ehrlich - Bank of America Frank Louthan - Raymond James Sebastiano Petti - JPMorgan Arun Seshadri - BNP Paribas Operator Greetings and welcome to the A ...

EXHIBIT 99.1 ALTICE USA REPORTS FIRST QUARTER 2024 RESULTS Focus on Customer Profitability: Improved Financial Trends in Customer ARPU and Revenue Growth in Fiber Customer Net Adds and Mobile Line Net Adds Positive Trends in Customer Experience, Network, and Operations NEW YORK (May 2, 2024) -- Altice USA (NYSE: ATUS) today reports results for the first quarter ended March 31, 2024. Dennis Mathew, Altice USA Chairman and Chief Executive Officer, said: "Our first-quarter results are reflective of the progres ...

Group 1: Company Initiatives - Optimum, a brand of Altice USA, Inc. (ATUS), launched a new brand platform and marketing campaign emphasizing its commitment to local communities and advanced technological capabilities [1] - Over the past 18 months, Optimum has invested in upgrading its broadband network infrastructure, extending 1 Gig service to over 96% of its coverage area and offering multi-gigabit symmetrical speeds of up to 8 Gig to over 2.7 million passings [2] - The introduction of advanced connectivity products such as Optimum Fiber, Optimum Stream, and Optimum Mobile has bolstered Optimum's commercial prospects [2] Group 2: Market Position and Strategy - The campaign aims to combine the connectivity resources of a large national provider with the personalized care of a small business, reflecting a customer-centric ethos [3] - Altice has experienced declining trends in the Residential segment recently, and the refreshed visual identity aims to reverse this negative trend [3] - Altice is witnessing strong momentum in customer penetration, typically reaching about 40% within a year of rollout in new-build areas, although competition is straining margins [3] Group 3: Financial Performance - The stock of Altice has lost 20% over the past year, contrasting with the industry's growth of 40.4% [5]

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].

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 ...

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 ...