Altice USA(US:ATUS)2025-11-06 13:30Financial Performance - Altice USA's Q3 2025 Adjusted EBITDA was $831 million, a decrease of 3.6% year-over-year but an increase of 3.3% quarter-over-quarter[16, 31] - The Adjusted EBITDA margin expanded by 70 basis points year-over-year and 200 basis points quarter-over-quarter, reaching 39.4%[16, 31] - Gross margin reached an all-time high of 69.7%[16] - Total revenue decreased by 5.4% year-over-year to $2108 million[50] - The company reiterates its outlook of approximately $34 billion of Adjusted EBITDA for the full year 2025[10] Subscriber Trends and Revenue Streams - Broadband net additions decreased, with a loss of 58,000 subscribers in Q3 2025 compared to a loss of 50,000 in Q3 2024[18] - Mobile service revenue increased by 38% year-over-year[16] - Lightpath revenue increased by 5.6% year-over-year[16] - News & Advertising revenue, excluding political advertising, increased by 8.9% year-over-year[16] Operational Efficiency and Network Enhancements - Other Operating Expenses decreased by 2.4% year-over-year and 6.2% quarter-over-quarter[16] - The company is deploying mid-split upgrades on its HFC network to deliver multi-gig speeds[16, 40] - Total new passings increased by 51,000 in Q3 2025, with 30,000 being fiber passings[40]