Altice USA Inc. (NYSE: ATUS) saw its stock price plummet by 5.09% in pre-market trading on Thursday following the release of its disappointing first-quarter 2025 financial results. The telecommunications company reported earnings that fell short of analyst expectations on multiple fronts, raising concerns about its performance in a challenging market environment.

For the quarter ended March 31, Altice USA reported a net loss of $71.271 million, or $0.16 per share, compared to a loss of $0.05 per share in the same period last year. Revenue declined by 4.4% year-over-year to $2.15 billion. The company's operating income came in at $343.458 million, while its pretax loss was $87.235 million.

These results significantly missed analyst estimates. Wall Street expected a loss of $0.08 per share, less than half of the reported loss. Revenue also fell short of the projected $2.16 billion. The company's operating income of $343.458 million was well below the expected $390 million, and the pretax loss of $87.235 million was considerably higher than the estimated loss of $21.2 million. This marks the fourth consecutive quarter that Altice USA has missed earnings expectations, contributing to investor disappointment.

Despite the weak quarterly performance, Altice USA provided its full-year 2025 outlook, projecting revenue between $8.6 billion and $8.7 billion and adjusted EBITDA of approximately $3.4 billion. However, given the company's recent track record of underperformance, investors appear skeptical about its ability to meet these targets, as reflected in the sharp stock price decline.