Altice Usa Stock Price, News & Analysis

Altice USA (NYSE: ATUS) will have CEO Dexter Goei participating in the UBS Global TMT Virtual Conference on Tuesday, December 7, 2021. The presentation is set to start at 11:00 AM EST and will be available via a live webcast. Altice USA is a leading provider of broadband and video services in the United States, serving over 5 million customers across 21 states through its Optimum and Suddenlink brands. The company also operates an advanced advertising business and offers various news services.

Lightpath announced a 50-mile expansion of its all-fiber network in the Boston region, increasing the total route miles to over 130. This expansion targets key areas including Boston, Waltham, Bedford, Burlington, and Lowell, MA, enhancing access to strategic data centers and business centers. The addition of diverse routes improves service reliability and options for new customers, potentially reaching over 1,200 new organizations. Lightpath aims to revolutionize digital connectivity with its extensive fiber-optic network, connecting over 12,000 locations nationwide.

Altice USA (ATUS) announced its Q3 2021 results, reporting a revenue increase of 5.8% year-over-year to $2.57 billion, driven by strong growth in Business Services (21.7%) and Advertising (15.7%). The company recorded a net income of $266.9 million compared to a net loss in Q3 2020. Despite the positive financial trends, unique Residential customers fell by 0.4%, reflecting a loss of 25,000 customers, primarily due to elevated move activity. Altice aims to boost broadband growth through strategic initiatives, including network upgrades and new service offerings.

Lightpath announced its entrance into the connectivity market in Princeton, NJ, with a new 54-mile all-fiber network build. This expansion will serve over 400 local enterprises, educators, and government organizations, along with connecting to four data centers. The new infrastructure enhances Lightpath's extensive network of over 18,000 route miles and 12,000 service locations, providing access to major cloud providers and numerous data centers. This initiative aligns with previous expansions in Boston and Queens.

Altice USA (NYSE: ATUS) will hold a conference call on November 4, 2021, at 4:30 p.m. EDT to discuss Q3 financial and operational results, with a press release issued at 4:05 p.m. EDT. The call will feature CEO Dexter Goei and CFO Michael Grau. Interested parties can access the call through designated dial-in numbers or via a live webcast on Altice USA's investor relations website. The company serves over 5 million customers across multiple states, providing broadband, video, and advertising services.

ViacomCBS Inc. (NASDAQ: VIAC, VIACA) and Altice USA (NYSE: ATUS) have reached a new multi-year agreement ensuring the continued carriage of ViacomCBS' extensive portfolio of broadcast, entertainment, news, and sports networks for Altice USA's Optimum and Suddenlink customers. The agreement also includes rights to ViacomCBS' streaming services, including Paramount+, SHOWTIME OTT, and Pluto TV. This partnership reinforces the commitment of both companies to deliver quality content while collaborating on advanced advertising capabilities.

Altice USA (NYSE: ATUS) announced that CEO Dexter Goei and CFO Michael Grau will participate in the Goldman Sachs Communacopia Conference on September 23, 2021, at 10:30 AM EDT. The event will be held virtually, and interested parties can access the live webcast here.

Altice USA (NYSE: ATUS) announces the resignation of Chief Operating Officer Hakim Boubazine. CEO Dexter Goei will take over direct responsibilities in the Telecommunications division immediately. Boubazine will remain with the company as Senior Advisor until December 31, 2021. This restructuring aims to enhance management decision-making and accelerate growth initiatives. Goei expressed gratitude for Boubazine's contributions over six years and confidence in the management team's future success.

Altice USA (NYSE: ATUS) reported Q2 2021 results with total revenue at $2.52 billion, a 1.7% year-over-year growth, driven mainly by a 36.4% increase in News & Advertising revenue. Net income rose to $197.7 million or $0.43 per share, compared to $111.3 million in Q2 2020. However, operating free cash flow decreased 10.9% to $781.5 million, and free cash flow fell 42.5% to $406.4 million. The company continued its strategic expansion with network upgrades and branding initiatives, including the launch of Optimum Mobile.