The earnings call highlighted significant progress in fiber and mobile subscriber growth and operational efficiency, which were offset by challenges such as broadband subscriber losses and revenue decline. The company has shown strong operational improvements and cash flow generation, but is still facing competitive pressures and impacts from the ACP program roll-off.

Company Guidance

In the third quarter of 2024 earnings call, Altice USA provided comprehensive guidance on their strategic initiatives and financial performance. The company reported revenue of $2.2 billion and adjusted EBITDA of $862 million, with cash CapEx at $359 million. Altice highlighted the success of their fiber and mobile strategies, adding 47,000 fiber net additions and 36,000 mobile lines, marking their best mobile performance in four years. They achieved a fiber customer base of 482,000, with a penetration rate of approximately 17% across their footprint. The company aims to reach 1 million mobile lines by 2027, leveraging competitive new offers and expanding their sales channels. Altice also demonstrated a focus on operational efficiencies, reducing operating expenses and capital expenditures by over $500 million, achieving a run rate closer to $2.6 billion from over $2.7 billion and reducing capital spend from $1.9 billion in 2022 to an expected $1.5 billion this year. Despite challenges from a competitive landscape and macroeconomic pressures, Altice emphasized their commitment to improving customer experience, stabilizing ARPU, and returning to sustainable growth, with a long-term target of achieving a 40% EBITDA margin by 2026.

Record Fiber Customer Growth

47,000 fiber net additions, ending the quarter with 482,000 fiber customers. Achieved penetration of approximately 17% across the total fiber footprint with some markets achieving closer to 30%.

Strong Mobile Performance

Added 36,000 new mobile lines, reaching 420,000 lines at the end of the quarter. Achieved the strongest mobile performance in 4 years.

Operational Efficiency Improvements

Achieved a significant reduction in outages and improved network reliability. Reduced OpEx run rate from over $2.7 billion to closer to $2.6 billion.

Free Cash Flow Generation

Generated approximately $100 million of free cash flow year-to-date. Reduced revolving credit facility by $100 million this quarter.

Gross Margin Expansion

Improved gross margins by 50 basis points year-over-year, driven by improved video pricing, optimized programming costs, and improvements in mobile direct profitability.

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Altice Usa (ATUS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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ATUS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 12, 2025	2024 (Q4)	0.04 / -	-0.26	―	―	―
Nov 04, 2024	2024 (Q3)	0.04 / -0.09	0.15	-160.00% (-0.24)
Aug 01, 2024	2024 (Q2)	0.06 / 0.03	0.17	-82.35% (-0.14)
May 02, 2024	2024 (Q1)	<0.01 / -0.05	0.06	-183.33% (-0.11)
Feb 14, 2024	2023 (Q4)	0.06 / -0.26	-0.43	39.53% (+0.17)
Nov 01, 2023	2023 (Q3)	0.06 / 0.15	0.19	-21.05% (-0.04)
Aug 02, 2023	2023 (Q2)	0.12 / 0.17	0.23	-26.09% (-0.06)
May 03, 2023	2023 (Q1)	0.04 / 0.06	0.43	-86.05% (-0.37)
Feb 22, 2023	2022 (Q4)	0.20 / -0.43	0.56	-176.79% (-0.99)
Nov 02, 2022	2022 (Q3)	0.35 / 0.19	0.58	-67.24% (-0.39)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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ATUS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 04, 2024	$2.59	$2.53	-2.32%
Aug 01, 2024	$2.09	$1.88	-10.05%
May 02, 2024	$2.03	$2.05	+0.99%
Feb 14, 2024	$2.16	$2.18	+0.93%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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