Overview

* Altice USA ( ATUS ) Q3 revenue fell 5.4% yr/yr, facing intense competition and low-growth environment

* Net loss of $1.63 bln includes $1.6 bln non-cash impairment charge

* Company to change name to Optimum Communications, Inc., ticker to "OPTU"

Outlook

* Altice USA ( ATUS ) reiterates full-year Adjusted EBITDA outlook of $3.4 bln for FY 2025

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

* Altice USA ( ATUS ) expects to launch 2-Gig speeds in first market by November 2025

Result Drivers

* GROSS MARGIN - Record gross margin performance driven by video gross margin expansion

* FIBER CUSTOMER GROWTH - Achieved milestone of over 700k fiber customers, a 46% increase yr/yr

* COMPETITION IMPACT - Intense competition and low-growth environment led to softer broadband subscriber trends

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS -$3.47

Q3 Net -$1.62

Income bln

Q3 $830.70

Adjusted mln

EBITDA

Q3 -$1.16

Operatin bln

g Income

Q3 -$1.62

Pretax bln

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 $2.00, about 7.5% below its November 5 closing price of $2.15

Press Release:

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(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.)