NYSE$OPTU

Optimum Communications Inc A · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Altice USA's Q4 2021 results were reported, revealing a slight revenue decrease but progress in growth strategies and network enhancements.

Altice USA reported a slight decrease in total revenue for Q4 2021, with residential revenue declining while business services revenue grew. The company is focusing on network, product, and customer experience enhancements, including a multi-year fiber deployment plan. Net income decreased compared to the previous year, and the company is accelerating investments in key growth initiatives.

  • Total revenue declined -0.6% YoY to $2.52 billion, with residential revenue down -2.0% and business services up +12.1%.
  • Net income attributable to stockholders was $251.7 million ($0.56/share), compared to $330.5 million ($0.60/share) in Q4 2020.
  • Adjusted EBITDA decreased -5.9% YoY to $1.08 billion with a margin of 43.0%.
  • Company announced a new plan to bring 100% fiber broadband to more than two thirds of its entire footprint over the next four years.

Headline financials

Total Revenue

$2.52B

Previous: $2.54B-0.6%
EPS (adj)

$0.56

Previous: $0.60-6.7%
Residential ARPU

$137.79

No prior period
Capital Expenditures

$387M

Previous: $345M+12.2%
Free Cash Flow

$290M

Previous: $447M-35.1%
Net Income

$252M

Previous: $336M-25.2%
Operating Income

$599M

Previous: $609M-1.6%
Gross Profit

$1.68B

Previous: $1.7B-1.2%
Cash & Equivalents

$196M

Previous: $279M-29.8%
Total Assets

$33.2B

Previous: $33.4B-0.5%
Stock-Based Comp

$18M

Previous: $30M-39.9%

Revenue & EPS history

Altice USA · Revenue · Quarterly

$2.52B

Q4 2021-0.6%vs Q4 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Altice USA · $2.37B total across 7 segments · Q4 2022

  • Broadband
    $961M
  • Video
    $782M
  • Business Services & Wholesale
    $368M
  • News and Advertising
    $152M
  • Telephony
    $79.5M
  • Mobile
    $24.4M+2.2%
  • Other
    $2.77M-15.3%

Forward guidance

Altice USA expects to further accelerate investments in key growth initiatives, increasing cash capex to approximately $1.7 billion to $1.8 billion excluding capital expenditures associated with potential subsidized rural broadband construction.

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 Q4 2021

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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%
Q1 2017
Q3 2016
Q2 2016
Q1 2016
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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