Altice USA

Altice USA, Inc. engages in the provision of broadband, pay television, telephony services, proprietary content, and advertising services. Its brands include Optimum, Suddenlink, Optimum Mobile, Altice Business, News 12 Networks, Cheddar News, a4 Advertising, and i24 News. The company was founded by Patrick Drahi in 2001 and is headquartered in Long Island City, NY.

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Altice USA reports revenue declines but focuses on customer-centric growth

Altice USA is navigating revenue declines while focusing on customer-centric strategies, fiber expansion, and product optimization. The company aims to drive growth through broadband and mobile services amidst market challenges and opportunities.

Altice USA sees challenges in Q1 but drives growth strategies

Altice USA's Q1 performance reflects a mix of challenges and strengths, with a strategic focus on customer experience and fiber network expansion.
The company's initiatives like Optimum Complete and investments in quality aim to drive margin and profitability despite current financial pressures.
Facing competitive intensity and operational hurdles, Altice USA is leveraging opportunities in fiber, cost management, and customer-centric strategies for growth.
Overall, Altice USA's financial outlook remains optimistic, with a strong emphasis on returning to growth and improving financial metrics in the coming quarters.

Altice USA reports strong Q2 performance, eyes growth opportunities

Altice USA's Q2 2023 performance reflects improved customer experiences, cost control, and strategic focus on revenue and EBITDA growth.
While facing challenges from an internal investigation and lack of specific guidance, the company's strengths in network technology and customer offerings position it well for future opportunities.
Opportunities lie in capitalizing on positive subscriber trends, enhancing customer loyalty, exploring financing options, and driving broadband ARPU growth.
Altice USA's continued momentum and margin improvement underscore its potential for sustained financial performance and market competitiveness.

Altice USA excels in Q3 with strong financials and growth strategies

Altice USA's Q3 performance reflects strong operational and financial metrics, driven by a focus on customer experiences, network enhancements, and strategic investments.
The company's strengths lie in its customer-centric approach, stable financial performance, and commitment to innovation through fiber deployment and AI functionality.
While facing challenges in subscriber growth and rate management, Altice USA has opportunities to capitalize on B2B growth, customer experience improvements, and market expansion strategies.

Altice USA reports stable margins and mobile growth in 2023

Altice USA's 2023 performance showcased stability in margins, growth in mobile and fiber, and enhanced customer experiences.
While facing challenges like ARPU pressure and potential impacts from sports JV, the company's strengths in profitability and customer focus position them for long-term success.
Opportunities lie in continued portfolio evolution, ARPU stabilization, and mobile segment growth, supported by financial discipline and strategic investments.

Altice USA excels in Q1, focuses on innovation and growth

Altice USA's Q1 2024 earnings call highlighted strong performance, innovation in product offerings, and a focus on customer satisfaction. Despite challenges from macroeconomic conditions, the company remains optimistic about its growth prospects and profitability. With a strategic approach to expansion and a strong emphasis on improving network quality, Altice USA is well-positioned for future success.

Altice USA reports Q2 revenue of $2.2B, faces subscriber challenges

Altice USA's Q2 2024 performance reflected revenue of $2.2 billion and adjusted EBITDA of $867 million, with a 5.9% decline in total adjusted EBITDA.
Strengths included progress in operational metrics, customer satisfaction, and growth in key business segments.
Challenges stemmed from subscriber trends impacted by competition and macro pressures, particularly in the low-income segment.
Opportunities lie in exciting developments, AI integration, network enhancements, and partnerships for future growth.

Altice USA reports solid Q3 performance, focuses on growth strategies

Altice USA's Q3 performance reflects strong revenue and EBITDA figures with notable progress in key product segments.
The company aims to drive growth through operational efficiencies, digitalization, and strategic business transformation.
Challenges in broadband subscriber losses and competitive pressures require a focus on mobile growth and customer value enhancement.

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Wolfe Research analyst John Janedis downgraded Charter Communications Inc (NASDAQ:CHTR) and Altice USA Inc (NYSE:ATUS). Janedis downgraded Charter to Underperform from Peer Perform with a price target of $621, down from $712, implying a 4.8% downside.

Read Why Wolfe Research Downgraded Charter, Altice USA

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NEW YORK--(BUSINESS WIRE)--Altice USA (NYSE: ATUS) today announces that Lee Schroeder, Altice USA's Executive Vice President of Government & Community Affairs and Chief Diversity Officer, will be leaving the company in July 2022. The Community Affairs and Chief Diversity Officer roles will be assumed by Lisa Gonzalez Anselmo, Altice USA's Executive Vice President of Communications, and she will continue to report to the company's CEO Dexter Goei. The company will look to appoint a new head

Altice USA Announces Government Affairs Leadership Update

BT Group

Altice, the vehicle of French billionaire Patrick Drahi has increased its stake in BT to 18% but reiterated it was not interested in making a full takeover bid. Under UK takeover rules, that statement means it is now not allowed to make an offer for the UK telco for another six months and echoes its comments when it acquired an initial 12% stake in June.

Altice ups stake in BT to 18% but again rules out bid

Shares of Altice USA Inc. ATUS, -5.33% took a 5.6% dive in midday trading Thursday toward a 3-year low, and the second-lowest close since going public in June 2017, after long-time bullish analyst Philip Cusick at J.P. Morgan downgraded the telecommunications company, citing signs of weak subscriber momentum at a time of increasing network investments.

Altice stock drops toward 3-year low after J.P. Morgan analyst backs away from long-time bullish stance

NEW YORK--(BUSINESS WIRE)--Altice USA (NYSE: ATUS) today announces that Dexter Goei, CEO, will participate in the upcoming UBS Global TMT Virtual Conference on Tuesday, December 7, 2021. The presentation will be held virtually and is scheduled to begin at 11:00am EST on Tuesday, December 7, 2021. To listen to a live webcast, please visit: link. About Altice USA Altice USA is one of the largest broadband communications and video services providers in the United States, delivering broadband, vide

Altice USA to Participate in Upcoming UBS Global TMT Virtual Conference

BT Group PLC (LSE:BT.A) shares perked up on Monday amid reports that French billionaire Patrick Drahi wants to up his shareholding in the former UK monopoly. Drahi, who owns France's Altice, currently owns a 12.1% stake in BT, which he bought this summer, making him the FTSE 100 company's largest shareholder above Deutsche Telekom, which owns 12.06%.

BT shares perk up on reports Altice founder is eyeing a bigger stake

Telecoms tycoon Patrick Drahi is looking to increase his stake in BT Group as he seeks to extend his influence at the British company, betting its fibre-optic rollout will boost value, three sources familiar with the matter told Reuters.

Exclusive-Altice founder Drahi seeks bigger stake in Britain's BT - sources

NEW YORK and BOSTON, Nov. 9, 2021 /PRNewswire/ -- Lightpath, an all-fiber, infrastructure-based connectivity provider that is revolutionizing how organizations connect to their digital destinations, today announced a 50-mile expansion of its all-fiber network in the Boston region, following the company's entrance into the market via multiple acquisitions in June. The additional 50 route miles of network brings the total route miles in the Boston metropolitan area to over 130.

Lightpath Announces Major Expansion to Fiber Network in Boston Region

Altice USA, Inc. (ATUS) CEO Dexter Goei on Q3 2021 Results - Earnings Call Transcript

An earnings beat surprised enough investors, but the stock's miserable performance so far this year says the bar was set very, very low.

Why Altice USA Jumped More Than 10% Today

Altice (ATUS) beats third-quarter 2021 earnings estimates on revenue growth, network footprint expansion, and robust broadband demand.

Altice (ATUS) Q3 Earnings Beat on Healthy Revenue Growth

Altice USA, Inc. (ATUS) delivered earnings and revenue surprises of 16.00% and 2.73%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Altice USA, Inc. (ATUS) Q3 Earnings and Revenues Beat Estimates

NEW YORK--(BUSINESS WIRE)--Altice USA (NYSE: ATUS) today reports results for the third quarter ended September 30, 2021. Dexter Goei, Altice USA Chief Executive Officer, said: “Revenue trends in Advertising and Business Services continue to improve but our main focus in the near-term is returning to broadband customer growth and accelerating investment in our Residential business. Today we are announcing strategic measures to enhance the Company's product portfolio and customer experience, incl

Altice USA Reports Third Quarter 2021 Results

NEW YORK, Oct. 26, 2021 /PRNewswire/ --  Lightpath , an all-fiber, infrastructure-based connectivity provider that is revolutionizing how organizations connect to their digital destinations, today announced its entrance into the connectivity market in Princeton, NJ by way of a new, 54-mile build of its all-fiber network. The expansion of Lightpath's New Jersey infrastructure will bring its connectivity services to more than 400 Princeton-area enterprises, educators, and government groups.

Lightpath Announces Entrance into Princeton, New Jersey Connectivity Market

NEW YORK--(BUSINESS WIRE)--Altice USA (NYSE: ATUS) will host a conference call on Thursday, November 4, 2021, at 4:30 p.m. EDT to discuss financial and operating results for the third quarter ended September 30, 2021. A press release reporting the results will be issued at 4:05 p.m. EDT. The call will be led by Dexter Goei, CEO, and Michael Grau, CFO. Dial-in Access Telephone Numbers: Participant Event Plus Toll Free Dial-In Number: +1 (833) 968-2322 Participant Event Plus Toll Dial-In Number:

Altice USA to Hold Conference Call to Discuss Q3 2021 Results

ViacomCBS

NEW YORK--(BUSINESS WIRE)--ViacomCBS Inc. (NASDAQ: VIAC, VIACA) and Altice USA (NYSE: ATUS) today announced a comprehensive agreement for the continued carriage of ViacomCBS' leading portfolio of broadcast, entertainment, news and sports networks for Altice USA's Optimum and Suddenlink customers. The deal also provides Altice USA with rights to ViacomCBS' suite of streaming services, including Paramount+, SHOWTIME® OTT, Pluto TV, BET+ and Noggin. “We are pleased to have reached a new multi-year

ViacomCBS and Altice USA Renew Distribution Agreement

Deutsche Bank analyst Bryan Kraft downgraded Altice USA Inc (NYSE:ATUS) to Hold from Buy with a price target of $22, down from $40, implying 25% upside.  Cable stocks over the past few years have enjoyed a favorable environment, Kraft noted.

Deutsche Bank Downgrades Altice USA, Charter Citing Competitive Environment

Shares of Altice USA ATUS, -6.13% are off 5.7% in Monday trading after analysts at Credit Suisse and Raymond James downgraded the stock. Credit Suisse analyst Doug Mitchelson wrote that he has concerns about the company, even though the stock is "trading well below its likely asset value" and management is being more aggressive with its fiber buildouts.

Altice USA stock falls after downgrades

Television provider Altice USA Inc  (NYSE:ATUS) is down 5.3% at $19.51 this morning, after the security received downgrades from both Credit Suisse and Raymond James to "neutral" from "outperform," and "market perform" from "outperform," respectively.

Altice Stock Sees Annual Lows After Downgrades

Two firms downgraded Altice USA Inc (NYSE:ATUS), including a price target cut. Raymond James analyst Frank Louthan downgraded Altice USA to Market Perform from Outperform without a price target.

Why Raymond James, Credit Suisse Downgraded Altice USA?

Two firms downgraded Altice USA Inc. including a price target cut.

Why Raymond James, Credit Suisse Downgrade Altice USA?

The fallout continues from the CEO's admission that some broadband customers are heading for the exits.

News for Altice USA Stock (ATUS)