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.

Earnings data Q4 2020

Earnings data Q1 2021

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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.

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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.

Why Altice USA Stock Continued to Drop on Friday

ATUS stock lost 12.7% on Thursday after negative management comments at a conference call the investment case into question. ATUS now expects 15-20k of broadband net losses in Q3, which is blamed on lower gross adds, while churn supposedly has not worsened.

Altice USA: Now A Turnaround Play With Low-Teens Free Cash Flow Yield

The one business that's produced any growth for cable companies may be nearing a peak stemming from market saturation.

Why Altice USA Fell More Than 12% Today

Cable provider Altice USA Inc (NYSE: ATUS) expects to lose 15,000 to 20,000 broadband customers this quarter, Bloomberg reports. The company had 4.4 million internet customers at midyear and called the result “disappointing” at a Goldman Sachs Group Inc conference.

Why Are Altice USA Shares Plunging Today?

Europe's second-highest court on Wednesday rejected French telecoms provider Altice's challenge against a 125-million-euro ($146.7 million) fine imposed by EU antitrust regulators for closing its PT Portugal deal early six years ago.

EU court backs Altice's million-euro fine in gun-jumping merger deal

NEW YORK--(BUSINESS WIRE)--Altice USA (NYSE: ATUS) today announces that Dexter Goei, CEO, and Michael Grau, CFO, will participate in the upcoming Goldman Sachs Communacopia Conference on Thursday, September 23rd, 2021. The presentation will be held virtually and is scheduled to begin at 10:30am EDT on Thursday, September 23rd, 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 Unit

Altice USA to Participate in Upcoming Goldman Sachs Communacopia Conference

NEW YORK--(BUSINESS WIRE)--Altice USA (NYSE: ATUS) today announces that Hakim Boubazine, Chief Operating Officer and President of Telecommunications, has resigned from the Company. Altice USA Chief Executive Officer Dexter Goei will assume direct responsibilities for the Telecommunications division, effective immediately. Mr. Boubazine will serve as Senior Advisor to the CEO until December 31, 2021. Altice USA notes that it has an experienced senior Telecommunications management team in place w

Altice USA Announces Leadership Changes

Altice has massively trailed peers so far this year. Management has not done themselves any favors. From a quixotic quest to buy Atlantic Broadband to forecasts that showed no handle on the business.

Plugging Into The Altice Bull Case

Altice USA, Inc. (ATUS) reported earnings 30 days ago. What's next for the stock?

Why Is Altice USA, Inc. (ATUS) Down 10.7% Since Last Earnings Report?

Altice shares sold off 17% following disappointing 2Q net subscriber additions. As I detail in this report, I believe this was attributable to COVID disruption.

News for Altice USA Stock (ATUS)