NYSE$OPTU
Optimum Communications Inc A · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Altice USA's Q2 2021 results were reported, showing revenue growth driven by Broadband and News & Advertising, with a focus on broadband customer growth and network upgrades.
Altice USA reported a 1.7% YoY increase in total revenue for Q2 2021, reaching $2.52 billion. This growth was primarily driven by a 7.8% increase in Broadband revenue and a 36.4% increase in News & Advertising revenue. Net income attributable to stockholders was $197.7 million, or $0.43 per share. The company is focused on broadband customer growth and network upgrades, including fiber, and announced the new Optimum Mobile brand.
- Total revenue grew by 1.7% YoY to $2.52 billion, driven by Broadband and News & Advertising revenue growth.
- Net income attributable to stockholders was $197.7 million, or $0.43 per share.
- Residential unique customer relationships grew +1.1% YoY.
- Optimum Mobile rebranded as Optimum Mobile as of July 2021.
Headline financials
Revenue & EPS history
Altice USA · Revenue · Quarterly
$2.52B
Revenue by segment
Altice USA · $2.52B total across 7 segments · Q2 2021
- Broadband$992M+7.8%39.4%
- Video$893M-6.3%35.5%
- Business Services$372M+1.8%14.8%
- News & Advertising$132M+36.4%5.2%
- Telephony$103M-11.9%4.1%
- Mobile$20.7M+4.0%0.8%
- Other$3.43M+26.8%0.1%
Forward guidance
The Company reiterates its financial outlook for FY 2021: Revenue: Growth, Adjusted EBITDA: Growth, Cash capital expenditures: $1.3 to $1.4 billion, Year-end leverage target (CSC Holdings, LLC debt silo): < 5.3x net debt / Adjusted EBITDA on an L2QA basis, Share repurchases: $1.5 billion
Tailwinds
- Revenue: Growth
- Adjusted EBITDA: Growth
- Cash capital expenditures: $1.3 to $1.4 billion
- Year-end leverage target (CSC Holdings, LLC debt silo): < 5.3x net debt / Adjusted EBITDA on an L2QA basis
- Share repurchases: $1.5 billion
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 Q2 2021
-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 | — | — | — | |
| Q3 2015 | — | — | — | |
| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — | |
| Q4 2014 | — | — | — | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — | |
| Q4 2013 | — | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2012 | — | — | — | |
| Q1 2012 | — | — | — |
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