Corrects revenue figure in Key Details table to $2.15 bln from $2.15 mln
Overview
Altice USA 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 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/Miss | Actual | Consensus Estimate |
Q2 Revenue | Miss | $2.15 bln | $2.16 bln (13 Analysts) |
Q2 EPS | -$0.21 | ||
Q2 Net Income | -$87.99 mln | ||
Q2 Adjusted EBITDA | $803.80 mln | ||
Q2 Basic EPS | -$0.21 | ||
Q2 Operating Income | $311.12 mln | ||
Q2 Pretax Profit | -$135.63 mln |
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 is $2.25, about 6.2% below its August 6 closing price of $2.39
Press Release: ID:nBw61kRGja
(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.)