Altice USA sees decrease in broadband subscribers in its first-quarter 2022 results

Altice USA reported its first-quarter 2022 results. Total Revenue declined -2.3 percent in first-quarter 2022 to $2.42 billion. Net income attributable to stockholders was $196.6 million in first-quarter 2022 compared to net income of $274.1 million in first-quarter 2021. Residential broadband net losses were -13,000 in first-quarter 2022, compared to +12,000 broadband net additions in first-quarter 2021. Altice USA is executing on an accelerated fiber deployment over the next four years across its Optimum and Suddenlink footprint (under the Optimum Fiber brand), expecting to reach 6.5 million fiber passings by the end of 2025. As of first-quarter 2022 Altice has 1.32 million fiber to the home passings, adding 146,000 new fiber to the home passings in the quarter. The company reported +11,000 fiber to the home customer net additions in first-quarter 2022, reaching 6.1 percent penetration of the fiber to the home network.