Altice USA Reports Second Quarter 2023 Results

Altice USA reported its results for the second quarter ended June 30, 2023. Total Revenue declined 5.6 percent year over year in Q2 2023 to $2.32 billion. Quarterly broadband net losses were 37,000 in Q2 2023, compared to 39,000 broadband net losses in Q2 2022. Quarterly fiber-to-the-home (FTTH) broadband net additions were 40,000 in Q2 2023, the company's best quarter for fiber net adds. Fiber broadband net adds were driven by both higher fiber gross additions and increased migrations of existing customers. Total fiber broadband customers reached 250,000 as of the end of Q2 2023. Additionally, Optimum Mobile has approximately 264,000 mobile lines as of the end of Q2 2023, adding 16,000 mobile net additions in Q2 2023, reaching 5.8 percent penetration of the Company's total broadband customer base.