Overview

* Altice USA ( ATUS ) Q2 revenue of $2.15 bln missed analyst expectations

* Net loss of $96.3 mln, compared to $15.4 mln profit in Q2 2024

* Co completed $1.0 bln asset-backed loan, enhancing capital structure

Outlook

* Altice USA ( ATUS ) targets $3.4 bln Adjusted EBITDA for FY 2025

* Company plans $1.2 bln cash capital expenditures in FY 2025

* Company targets 175k new passings in FY 2025, primarily fiber

Result Drivers

* BROADBAND TRENDS - Improved broadband subscriber trends year over year and sequentially, with ARPU growth, per CEO Dennis Mathew

* FIBER AND MOBILE EXPANSION - Year-over-year growth in fiber and mobile services, with increased customer penetration

* OPERATIONAL EFFICIENCIES - Workforce reduction and AI integration aimed at streamlining operations and enhancing customer experience

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $2.15 $2.16

Revenue mln bln (13

Analysts

)

Q2 EPS -$0.21

Q2 Net -$87.99

Income mln

Q2 $803.80

Adjusted mln

EBITDA

Q2 Basic -$0.21

EPS

Q2 $311.12

Operatin mln

g Income

Q2 -$135.63

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 7 "hold" and 5 "sell" or "strong sell"

* The average consensus recommendation for the integrated telecommunications services peer group is "buy."

* Wall Street's median 12-month price target for Altice USA Inc ( ATUS ) is $2.25, about 6.2% below its August 6 closing price of $2.39

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)