NYSE$OPTU
Optimum Communications Inc A · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Altice USA reported mixed results with strong fiber and mobile growth offset by broadband losses. The company unveiled a transformation plan to unlock free cash flow opportunities.
Altice USA reported a 3.9% year-over-year decrease in total revenue to $2.2 billion for Q3 2024. Net loss attributable to stockholders was $43.0 million, or $(0.09) per share. The company saw strong growth in fiber and mobile, but experienced broadband customer losses. A transformation plan was unveiled to improve free cash flow.
- Fiber customer growth continued with +47k net additions; fiber penetration reached 16.6%.
- Mobile line net additions of +36k, representing the highest mobile line net adds in four years.
- Total broadband primary service units (PSUs) net losses of -50k.
- Company is targeting approximately 3 million fiber passings by year-end 2024.
Headline financials
Revenue & EPS history
Altice USA · Revenue · Quarterly
$2.23B
Revenue by segment
Altice USA · $2.37B total across 7 segments · Q4 2022
- Broadband$961M—40.5%
- Video$782M—33.0%
- Business Services & Wholesale$368M—15.5%
- News and Advertising$152M—6.4%
- Telephony$79.5M—3.4%
- Mobile$24.4M+2.2%1.0%
- Other$2.77M-15.3%0.1%
Forward guidance
Altice USA is focused on improving free cash flow through revenue opportunities, fiber penetration, operational efficiency, and a sustainable capital structure.
Tailwinds
- Improve broadband subscriber trends
- Reach 1 million+ mobile lines by year-end 2027
- Launch additional high margin value-added services
- Expand B2B product portfolio and scalable solutions
- Maximize asset value and competitive positioning
Headwinds
- Deliver 30%+ fiber penetration year-end 2026
- Achieve gross margin of ~70% by year-end 2026
- Improve other operating expenses by 4-6% by year-end 2026
- Return normalized Adjusted EBITDA margins to ~40%
- Maintain positive annual Free Cash Flow
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
-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 |
|---|---|---|---|---|
| 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% | |
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