Optimum Communications Inc A · Q4 2021 earnings

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

Revenue & EPS history

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.