ATUS
Optimum Communications, Inc.1.7900
+0.0200+1.13%
Nov 18, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
854.77MP/E (TTM)
-Basic EPS (TTM)
-3.96Dividend Yield
0%Recent Filings
8-K
Execs get $1.95M bonuses
Optimum Communications' Compensation Committee approved special cash bonuses on December 1, 2025, totaling $1.95 million for its top executives: CEO Dennis Mathew ($750,000), CFO Marc Sirota ($600,000), and General Counsel Michael E. Olsen ($600,000). These rewards target extraordinary contributions to capital raising. Executives cash in big.
8-K
Refinances $2B term debt
Optimum Communications subsidiaries CSC Holdings, Cablevision Litchfield, and CSC Optimum refinanced $2B Incremental Term Loan B-6 with new $2B B-7 term loans at SOFR+4.5% (ABR+3.5%), maturing Jan 15, 2028 (or earlier if 2019 loans outstanding). Proceeds immediately refinanced into new UnSub term loans at fixed 9% rate, non-amortizing, maturing Nov 25, 2028. Extension pushes maturities out while hiking rates sharply.
8-K
Q3 revenue dips, margins peak
Altice USA posted Q3 revenue of $2.11B, down 5.4% year-over-year, with broadband PSUs dropping 58k to 4.2M amid fierce competition—yet hit record 69.7% gross margins and $830.7M Adjusted EBITDA. Fiber customers surged 46% to 703k; mobile lines grew 39% to 584k. Reaffirmed full-year Adjusted EBITDA at ~$3.4B, but $1.6B impairment hammered net loss to $1.6B. Name change to Optimum kicks in November 7.
10-Q
Q3 FY2025 results
Revenue fell 5.4% y/y to $2.1B in Q3 ended September 30, 2025, driven by broadband and video customer losses while mobile lines grew. Operating loss swung to $(1.2B) from $445M profit, triggered by $1.6B indefinite-lived cable franchise rights impairment from lower projected cash flows amid competition and macro pressures; net loss hit $1.6B versus $41M prior year, with the gap to operating loss mainly from interest expense. Cash climbed to $939M on $747M YTD operating cash flow, though free cash flow turned negative at $(318M) after $1.1B capex; total debt rose to $26.2B with new $1B NYC receivables facility (8.9%, due 2031). Tower sale yielded $60M proceeds. Copyright suits loom.
8-K
Q2 broadband losses narrow
Altice USA reported Q2 2025 results with broadband net losses narrowing to -35k from -51k YoY, ending at 4.3 million subscribers, while fiber customers surged 53% YoY to 663k and mobile lines hit 546k. Revenue fell 4.2% to $2.15B, Adjusted EBITDA dropped 7.3% to $803.8M, but free cash flow swung positive at $28.4M. Completed $1.0B HFC asset-backed loan on July 16, maturing 2031. Broadband trends improved.
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