Altice Usa Stock Price, News & Analysis

Altice USA (NYSE: ATUS) reported its Q2 2022 results, highlighting accelerated fiber network deployment reaching 1.6 million passings and over 100,000 fiber customers. Despite these gains, total revenue fell 2.1% YoY to $2.46 billion, with a net income of $106.2 million, down from $197.7 million in Q2 2021. Operating Free Cash Flow decreased 33.2% to $521.9 million, while capital expenditures surged 50.1% to $485.1 million. The company targets 6.5 million fiber passings by 2025 and introduced multi-Gig speeds, positioning Optimum as a key player in the competitive broadband market.

Altice USA (NYSE: ATUS) has rebranded its Suddenlink brand to Optimum, consolidating its telecommunications services under a single name. The company has launched a new nationwide campaign titled “Get Closer, Go Farther”, reflecting its commitment to enhancing customer connectivity and service experiences. The transition includes the removal of data caps on Suddenlink internet plans and the establishment of nearly 20 new Optimum retail locations. Notably, Optimum’s fiber network has reached 100,000 customers and offers new 2 Gig and 5 Gig Fiber Internet options.

Altice USA (NYSE: ATUS) will hold a conference call on August 3, 2022, at 4:30 p.m. EDT to discuss its financial results for Q2, ending June 30, 2022. A press release detailing the results will be issued at 4:05 p.m. EDT. CEO Dexter Goei and CFO Michael Grau will lead the call. Participants can dial in at 877-404-9653 or +1 201-689-8856. A live webcast will be available on their investor relations website.

Altice USA (NYSE: ATUS) has announced an enhancement to its offering under the Affordable Connectivity Program (ACP), providing eligible households with 300 Mbps internet service at no cost, tripling the previous speed of 100 Mbps. The monthly credit from the ACP, applicable to various broadband plans, is up to $30, or $75 for households on Tribal Lands. New customers will also receive a $50 Visa Prepaid Card and equipment. The initiative aims to bridge the digital divide and support online activities, while Altice has been recognized by the White House for its contributions to high-speed broadband accessibility.

Ampersand has expanded its partnerships with major cable companies including Comcast, Cox, Charter, and Altice by launching new incremental reach capabilities. This enhancement, utilizing the AND Platform, allows clients to target households that have been un/under-exposed to national TV campaigns. The platform aggregates viewership insights from 42 million households, providing access to TV inventory across 80 million households, with 52 million being addressable. This initiative aims to improve campaign efficiency for advertisers.

Altice USA (NYSE: ATUS) announces CFO Michael Grau will participate in the 50th Annual J.P. Morgan Global Technology, Media and Communications Conference on May 25, 2022. The fireside chat is set to begin at 1:10 p.m. ET. A live webcast will be available here. Altice USA provides broadband, video, and mobile services to over 5 million customers across 21 states through its Optimum and Suddenlink brands.

Optimum, a brand of Altice USA (NYSE: ATUS), has launched the Optimum 5 Gig Fiber Internet, providing the fastest residential fiber internet service in the New York Tri-State area with speeds up to 5 Gig. This service, which is more than twice as fast as competitors, will also offer a 2 Gig Fiber Internet option. Rolling out in June across Long Island, these services deliver symmetrical speeds and advanced connectivity for high-resolution streaming and gaming. The pricing is set at $180/month for 5 Gig and $120/month for 2 Gig.

Altice USA's Optimum Mobile has been recognized as number one in customer satisfaction among full-service wireless providers, according to the 2022 American Customer Satisfaction Index (ACSI).

This is Optimum Mobile's inaugural ACSI ranking, achieving top scores in call center satisfaction, retail staff courtesy, and website satisfaction. Launched in 2019, Optimum Mobile aims to provide seamless connectivity and offers competitive pricing with savings of up to 40% annually.

Altice USA (NYSE: ATUS) announced that CEO Dexter Goei will participate in the MoffettNathanson 9th Annual Media & Communications Summit on May 18, 2022. The fireside chat is set to begin at 9:00 a.m. ET. Investors and analysts can access the live webcast via the provided link. Altice USA is a major broadband and video services provider in the United States, serving over 5 million customers through its Optimum and Suddenlink brands, and offers advanced advertising solutions and news services.