NYSE$OPTU
Optimum Communications Inc A · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Altice USA reported a decrease in total revenue and net income, but Fiber broadband net additions increased.
Altice USA's Q1 2023 results showed a decline in total revenue by 5.3% year-over-year to $2.29 billion. Net income attributable to stockholders decreased to $25.9 million, or $0.06 per share. However, the company saw significant progress in its fiber initiatives, with the best-ever fiber net additions, reaching 210k fiber customers.
- Total revenue decreased by 5.3% year-over-year to $2.29 billion.
- Net income attributable to stockholders was $25.9 million, a decrease from $196.6 million in the previous year.
- Fiber broadband net additions were strong, with 38k additions, reaching a total of 210k fiber customers.
- Optimum Mobile has approximately 248k mobile lines as of March 31, 2023.
Headline financials
Revenue & EPS history
Altice USA · Revenue · Quarterly
$2.29B
Revenue by segment
Altice USA · $3.99B total across 8 segments · Q2 2024
- Residential Revenue$1.75B—43.9%
- Broadband$915M—22.9%
- Video$739M—18.5%
- Business Services$369M+1.3%9.2%
- News & Advertising$105M-7.2%2.6%
- Telephony$71.7M—1.8%
- Mobile$27.5M—0.7%
- Other$12.6M+15.5%0.3%
Forward guidance
The company expects to continue to focus its investments in key growth initiatives including the FTTH rollout and new build expansion, with anticipated cash capex of approximately $1.7 billion to $1.8 billion in FY 2023.
Tailwinds
- Focus on FTTH rollout and new build expansion.
- Targeting 100% of East fiber footprint in 2H-23 for 8 Gig Optimum Fiber internet service.
- Strong momentum in growing customer penetration in new-build areas, typically reaching approximately 40% within a year of rollout.
- The Company remains on track to reach 150k+ passings for the full year.
- The company introduced Optimum 5 Gbps (5 Gig) and 2 Gbps (2 Gig) Fiber Internet.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2023
-1.7%
Avg return
Earnings day
-2.6%
Avg return
5 days after
-4.8%
Avg return
30 days after
53%
19 / 36 earnings
Positive
+27.7%
Q2 2022
Best reaction
-33.7%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2024 | — | — | — | |
| Q1 2026 | -13.0% | -31.4% | -21.0% | |
| Q4 2025 | +3.7% | +0.0% | -13.0% | |
| Q3 2025 | -4.7% | -8.4% | -14.4% | |
| Q2 2025 | -8.5% | -6.7% | -6.3% | |
| Q1 2025 | +4.6% | +3.0% | -15.1% | |
| Q4 2024 | +0.7% | +5.9% | -7.0% | |
| Q3 2024 | -4.2% | -2.3% | -5.7% | |
| Q1 2024 | -2.5% | -1.5% | +22.2% | |
| Q4 2023 | +6.9% | -2.0% | +30.9% | |
| Q3 2023 | +0.7% | -15.2% | -20.8% | |
| Q2 2023 | +13.1% | +8.1% | -4.4% | |
| Q1 2023 | -12.9% | -5.7% | -17.3% | |
| Q4 2022 | +1.0% | -10.1% | -25.4% | |
| Q3 2022 | -33.7% | -30.0% | -36.1% | |
| Q2 2022 | +27.7% | +27.4% | +7.2% | |
| Q1 2022 | -10.4% | -5.5% | +12.2% | |
| Q4 2021 | -19.2% | -21.4% | -20.3% | |
| Q3 2021 | +4.4% | +1.4% | -2.1% | |
| Q2 2021 | -9.3% | -9.4% | -18.2% | |
| Q1 2021 | +3.1% | +3.0% | +2.2% | |
| Q4 2020 | -7.0% | -7.1% | -7.6% | |
| Q3 2020 | +3.3% | +4.4% | +31.5% | |
| Q2 2020 | +7.1% | +11.1% | +8.7% | |
| Q1 2020 | -5.2% | -10.7% | -2.4% | |
| Q4 2019 | -5.1% | -2.5% | -24.6% | |
| Q3 2019 | -17.8% | -17.0% | -19.9% | |
| Q2 2019 | +3.9% | +0.4% | +10.6% | |
| Q1 2019 | +5.6% | +3.3% | +1.3% | |
| Q4 2018 | +1.8% | +0.6% | +0.8% | |
| Q3 2018 | +9.3% | +12.8% | +8.1% | |
| Q2 2018 | +1.3% | +2.0% | +5.2% | |
| Q1 2018 | +10.2% | +14.7% | +8.0% | |
| Q4 2017 | -5.2% | +0.5% | -3.7% | |
| Q3 2017 | -9.4% | -7.5% | -26.1% | |
| Q4 2016 | -3.9% | -3.9% | -5.7% | |
| Q2 2017 | +3.1% | +7.0% | -2.9% | |
| Q1 2017 | — | — | — | |
| Q3 2016 | — | — | — | |
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| Q4 2015 | — | — | — | |
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| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — | |
| Q4 2014 | — | — | — | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
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| Q4 2013 | — | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2012 | — | — | — | |
| Q1 2012 | — | — | — |
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