Altice Usa ( (ATUS) ) has released its Q4 earnings. Here is a breakdown of the information Altice Usa presented to its investors.
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Altice USA is a prominent broadband communications and video services provider in the United States, serving approximately 4.6 million residential and business customers across 21 states through its Optimum brand. The company also operates advanced advertising and data businesses and delivers hyperlocal news content.
In its latest earnings report, Altice USA highlighted a transformative year in 2024 with significant progress in fiber and mobile performance. The company surpassed key milestones, such as 500,000 fiber customers and a 43% increase in mobile lines, while continuing to expand its network and introduce new optimized TV packages.
Altice USA reported total revenue of $2.2 billion in the fourth quarter of 2024, a decrease of 2.9% year over year, and $9.0 billion for the full year, down 3.1% from 2023. Despite these declines, the company achieved a notable increase in news and advertising revenue and continued to expand its fiber network, adding 538,000 fiber customers by the end of the year. Additionally, Lightpath, a subsidiary, saw its highest revenue in 2024, demonstrating growth within the hyperscaler and AI ecosystem.
The company’s strategic focus remains on enhancing operational efficiency, expanding its product portfolio, and accelerating multi-gig service availability. Altice USA aims to leverage AI-driven capabilities and maintain financial discipline to support long-term growth objectives. The management is optimistic about improving business trends and capital structure in 2025.
Moving forward, Altice USA plans to continue expanding its network, enhancing product offerings, and driving value-added services to improve subscriber trends and operational efficiency, reinforcing its commitment to long-term growth and sustainability.
