Every 8-K that Optimum Communications, Inc. (OPTU) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow OPTU and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full OPTU filings page.
Optimum Communications, Inc. reported that the New York Stock Exchange notified the company on August 13, 2026 that it is not in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of its Class A common stock was below $1.00 over a consecutive 30 trading-day period.
The notice has no immediate effect on the stock’s listing, business operations, or SEC reporting, but Optimum has six months from receipt of the notice to regain compliance by meeting the $1.00 minimum closing price and 30-day average criteria. Failure to do so would lead the NYSE to begin suspension and delisting procedures. The company plans to monitor its share price through February 13, 2027, and its board may consider additional actions, potentially requiring stockholder approval, to restore compliance.
Optimum Communications, Inc. reported second quarter 2026 results with total revenue of $2.02 billion, down 5.8% year over year. Net loss attributable to stockholders widened to $291.8 million, or $(0.67) per diluted share, compared with $96.3 million a year earlier. For the first six months of 2026, net loss attributable to stockholders was $3.18 billion, including a $2.70 billion impairment of indefinite-lived cable franchise rights. Adjusted EBITDA was $785.7 million, down 2.2% year over year, while Adjusted EBITDA margin improved to 38.8%, up 140 basis points. Gross margin reached 71.0%, up 180 basis points. Net cash flows from operating activities were $228.1 million, a 44.6% year-over-year decline, and Free Cash Flow turned to a $(91.9) million deficit from $28.4 million.
Operationally, the company reported total broadband primary service unit net losses of 40 thousand in the quarter, ending with 4.0 million broadband subscribers, while mobile lines grew by 50 thousand to 724 thousand and residential mobile service revenue rose 40% to $53 million. Fiber-to-the-home passings increased to 3.16 million and FTTH customer relationships to 748.9 thousand. Consolidated net debt stood at $25,333 million, corresponding to 8.0x L2QA net leverage with a 6.8% weighted average cost of debt. In May 2026, subsidiary CSC Investments II LLC issued $300 million of Series A Preferred Units in a private placement and an additional $212.5 million of Preferred Units in a private exchange. In July 2026, CSC II completed a cash tender offer, purchasing 120 million Class A shares at $2.50 per share for $300 million; the acquired shares were not canceled.
Optimum Communications, Inc. disclosed that its indirect subsidiaries Cablevision Litchfield, LLC and CSC Optimum Holdings, LLC entered into a Second Amended and Restated UnSub Credit Agreement with a new incremental term loan commitment of $250 million.
The UnSub Incremental Term Loan bears a fixed interest rate of 9.000% per year, does not amortize, and matures on November 25, 2028. The company intends to use the proceeds for general corporate purposes, with existing term loans remaining outstanding under the new agreement.
Optimum Communications, Inc. reported the results of its 2026 Annual Meeting of Stockholders held on June 10, 2026. Class A and Class B stockholders, voting together as a single class, elected nine directors to one-year terms and ratified the company’s independent auditor.
All director nominees, including Patrick Drahi, David Drahi, Dexter Goei and others, received over 4.6 billion votes "for" each, with smaller "against" and abstention totals and 52,469,525 broker non-votes on each director item. Stockholders also strongly approved the ratification of KPMG LLP as independent registered public accounting firm with 4,786,138,349 votes for, 10,333,164 against and 11,283,760 abstentions.
Optimum Communications outlined a complex capital and liability management plan built around a new unrestricted subsidiary, CSC Investments II LLC (Unsub Topco). Unsub Topco raised $300 million by issuing perpetual Series A preferred units with cash dividends at 13% or 15% if compounded, and redemption terms targeting a minimum multiple on invested capital of up to 2.5x in certain downside scenarios.
It also issued Preferred Units with an initial stated value of $200 million to Next Partner and $12.4 million to directors and executives in exchange for Optimum shares at $2.50 per share. Separately, Unsub Topco launched a tender offer to repurchase up to 120,000,000 Class A shares at $2.50 in cash, or $300 million, versus a prior closing price of $0.658. CSC Holdings, Optimum’s key operating subsidiary, has $21.8 billion of funded debt and faces $6.2 billion maturing in 2027, while the company estimates that a non‑consensual CSC restructuring could trigger a U.S. federal tax liability exceeding $4 billion. Management is seeking a consensual restructuring with a creditor group holding about 99% of CSC Holdings’ debt and presented a long‑range plan that targets gross margin of about 73% and Adjusted EBITDA margin of about 45% by 2031.
Optimum Communications reported a mixed first quarter of 2026, combining heavy one-time charges with modest operating progress. Total revenue was $2.07 billion, down 4.0% year over year, as residential revenue fell 6.5% and residential ARPU eased to $132.32.
The company posted a net loss attributable to stockholders of $2,884.1 million, or $6.10 per diluted share, driven largely by a $2.7 billion non‑cash impairment of indefinite‑lived cable franchise rights. Adjusted EBITDA was $789.0 million, down 1.3% year over year, but the Adjusted EBITDA margin improved to 38.2%, reflecting cost discipline and efficiency measures.
Free Cash Flow remained negative at a deficit of $137.4 million, though this improved from a $168.6 million deficit a year earlier. Broadband trends stayed challenging with total broadband net losses of 64 thousand, while mobile remained a bright spot, delivering 52 thousand net line additions and 35% growth in residential mobile service revenue to $50 million. As of March 31, 2026, consolidated net debt was $25,488 million, implying net leverage of 7.5x L2QA, with 476.3 million combined Class A and B shares outstanding.
Optimum Communications, Inc. reported a planned leadership transition for Michael E. Olsen, its Executive Vice President, General Counsel and Chief Corporate Responsibility Officer. He will move to a new role as Senior Executive Counsel, Capital Transformation effective October 1, 2026, or earlier upon appointment of a successor, and retire on December 31, 2027.
Under a Transition, Retention and Retirement Agreement dated April 1, 2026, Olsen is eligible for a lump-sum cash retention payment of $3,575,000, fully earned on December 31, 2027, conditioned on continued employment, with repayment required if he departs earlier other than for specified qualifying terminations. The agreement also details continued salary, benefits and vesting of long-term incentive awards through his retirement and provides ongoing indemnification and directors’ and officers’ insurance coverage.
Optimum Communications, Inc., through its Lightpath subsidiary, completed a securitization financing in which Lightpath Fiber Issuer LLC issued $1,657.0 million of Secured Fiber Network Revenue Notes, Series 2026-1. This includes $1,527.0 million of Class A-2 Notes bearing 5.597% interest and $130.0 million of Class B Notes bearing 5.890% interest.
The Notes are secured by Lightpath fiber network assets and customer contracts across several Northeast markets and are guaranteed by related asset entities and a guarantor LLC. Lightpath used substantially all net proceeds to repay $1,553.3 million of existing notes and a term loan and to fund securitization reserve accounts, with remaining proceeds for general corporate purposes. Interest is payable monthly, principal amortization is scheduled to begin after March 25, 2031, and legal final maturity is in March 2056, subject to covenants and potential rapid amortization if coverage tests are not met.
Optimum Communications reported fourth quarter and full year 2025 results showing lower revenue but stronger margins and cash generation late in the year. Total revenue was $2.18 billion in Q4 2025 (down 2.3% year over year) and $8.59 billion in 2025 (down 4.1%).
The company posted a net loss attributable to stockholders of $71.2 million in Q4 2025 and $1.87 billion for 2025, heavily impacted by $1.61 billion of cable franchise impairment, equal to a full-year loss of $4.00 per share. Adjusted EBITDA was $902.2 million in Q4 (up 7.7% year over year) and $3.34 billion for 2025, with margins improving to 41.3% in Q4 and 38.8% for the year.
Free cash flow rose to $199.4 million in Q4 2025 but was a deficit of $118.8 million for the year as capital expenditures reached $1.35 billion. Broadband subscribers declined, though broadband and residential ARPU grew. Net debt was $25.29 billion as of December 31, 2025, equal to 7.3x L2QA leverage, with multiple refinancing transactions completed and additional ABS financing expected to further reshape the debt stack.
Optimum Communications, Inc. reports that its indirect subsidiaries Cablevision Litchfield, LLC and CSC Optimum Holdings, LLC entered into an Amended and Restated UnSub Credit Agreement with a group of lenders led by JPMorgan Chase Bank. The agreement includes an incremental term loan commitment with an aggregate principal amount of $1,100 million, maturing on November 25, 2028, bearing a fixed annual interest rate of 9.000% and with no scheduled amortization.
The company states that proceeds from this UnSub Incremental Term Loan were used to refinance all outstanding debt under a prior receivables facility, cover related fees and expenses, and that any remaining funds are available for general corporate purposes. This transaction effectively replaces a receivables-based financing structure with a large, fixed-rate term loan at the subsidiary level.