Altice USA Reports First Quarter 2023 Results

Altice USA reports results for the first quarter ended March 31, 2023:

• Total unique Residential and Small and Medium Business (SMB) customer relationships declined -2.8% Year-over-Year (YoY) in Q1 2023. Quarterly unique customer net losses were -26k in Q1 2023, compared to -20k in Q1 2022;
• Total Broadband Primary Service Units (PSUs): Quarterly broadband net losses were -19k in Q1 2023, compared to -12k broadband net losses in Q1 2022;
• Total Fiber Broadband PSUs: Quarterly Fiber (FTTH) broadband net additions were +38k in Q1 2023, our best quarter for fiber net adds and more than three times the growth compared to Q1 2022 (+11k). Fiber broadband net adds were driven by both higher fiber gross additions and increased migrations of existing customers. Total fiber broadband customers reached 210k as of the end of Q1 2023;
• Optimum Mobile has approximately 248k mobile lines as of March 31, 2023, adding +8k mobile net additions in Q1 2023 (+15k net additions excluding customers receiving free service), reaching 5.4% penetration of the Company's total broadband customer base.