Altice USA (NYSE: ATUS) today reports results for the fourth quarter and full year ended December 31, 2024. Dennis Mathew, Altice USA Chairman and Chief Executive Officer, said: "2024 was a transforma...
Fiber Growth Accelerating; Surpassed 500k Customer Milestone; Achieved 3m Passings at Y/E 2024
Best Mobile Performance in 5 Years; +43% Increase in Mobile Lines Versus Y/E 2023
Continued Network Expansion and Rolling Out Multi-Gig Service, While Improving Capital Intensity
Video Evolution Offers Customers More Value Through New Optimized TV Packages
Lightpath Expands Presence in Hyperscaler and AI Ecosystem
NEW YORK: Altice USA (NYSE: ATUS) today reports results for the fourth quarter and full year ended December 31, 2024.
Dennis Mathew, Altice USA Chairman and Chief Executive Officer, said: "2024 was a transformative year for Optimum, marked by significant progress in strengthening our operations, enhancing customer experiences, and reinforcing financial discipline. We delivered record fourth quarter and full-year fiber and mobile performance, improved operational efficiency, and maintained positive Free Cash Flow despite a challenging macro and competitive environment. As we enter phase two of our transformation in 2025, we remain focused on expanding our product portfolio and AI-driven capabilities, enhancing margins through continued efficiencies, and accelerating multi-gig availability — all while demonstrating strong capital stewardship to support our long-term growth objectives.”
Fourth Quarter and Full Year 2024 Financial Overview
Fourth Quarter and Full Year 2024 Key Operational Highlights
2025 Priorities
Balance Sheet Review as of December 31, 2024
Shares Outstanding
Customer Metrics |
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| Q1-23 | Q2-23 | Q3-23 | Q4-23 | FY-23 | Q1-24 | Q2-24 | Q3-24 | Q4-24 | FY-24 |
Total Passings(7)(14) | 9,512.2 | 9,578.6 | 9,609.0 | 9,628.7 | 9,628.7 | 9,679.3 | 9,746.4 | 9,784.7 | 9,830.8 | 9,830.8 |
Total Passings additions | 48.4 | 66.4 | 30.4 | 19.7 | 164.9 | 50.6 | 67.2 | 38.3 | 54.4 | 210.4 |
Total Customer Relationships(7)(8)(15)(16) |
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Residential | 4,472.4 | 4,429.5 | 4,391.5 | 4,363.1 | 4,363.1 | 4,326.8 | 4,272.3 | 4,217.5 | 4,173.7 | 4,173.7 |
SMB | 380.9 | 381.0 | 381.1 | 380.3 | 380.3 | 379.7 | 379.7 | 378.4 | 376.6 | 376.6 |
Total Unique Customer Relationships | 4,853.3 | 4,810.5 | 4,772.6 | 4,743.5 | 4,743.5 | 4,706.5 | 4,652.0 | 4,595.9 | 4,550.3 | 4,550.3 |
Residential net additions (losses) | (26.1) | (42.9) | (38.0) | (28.4) | (135.4) | (36.3) | (54.5) | (54.8) | (41.8) | (187.4) |
Business Services net additions (losses) | (0.3) | 0.1 | 0.1 | (0.8) | (0.9) | (0.7) | 0.0 | (1.2) | (1.8) | (3.7) |
Total customer net additions (losses) | (26.4) | (42.7) | (37.9) | (29.2) | (136.2) | (37.0) | (54.5) | (56.1) | (43.6) | (191.1) |
Residential PSUs(7)(8) |
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Broadband | 4,263.7 | 4,227.0 | 4,196.0 | 4,169.0 | 4,169.0 | 4,139.7 | 4,088.7 | 4,039.5 | 3,999.9 | 3,999.9 |
Video | 2,380.5 | 2,312.2 | 2,234.6 | 2,172.4 | 2,172.4 | 2,094.7 | 2,021.9 | 1,944.8 | 1,880.1 | 1,880.1 |
Telephony | 1,703.5 | 1,640.8 | 1,572.7 | 1,515.3 | 1,515.3 | 1,452.1 | 1,391.1 | 1,326.0 | 1,269.2 | 1,269.2 |
Broadband net additions (losses) | (19.2) | (36.8) | (31.0) | (27.0) | (113.9) | (29.4) | (51.0) | (49.2) | (37.7) | (167.3) |
Video net additions (losses) | (58.6) | (68.3) | (77.6) | (62.2) | (266.7) | (77.7) | (72.8) | (77.0) | (64.3) | (291.8) |
Telephony net additions (losses) | (60.6) | (62.7) | (68.1) | (57.4) | (248.9) | (63.1) | (61.1) | (65.1) | (56.7) | (246.0) |
Residential ARPU(1) ($) | 135.32 | 137.44 | 138.42 | 136.01 | 136.80 | 135.67 | 135.95 | 135.77 | 133.95 | 135.44 |
SMB PSUs |
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Broadband | 349.0 | 349.1 | 349.4 | 348.9 | 348.9 | 348.5 | 348.8 | 347.7 | 346.1 | 346.1 |
Video | 95.3 | 93.7 | 91.9 | 89.6 | 89.6 | 87.3 | 85.4 | 83.3 | 81.0 | 81.0 |
Telephony | 210.0 | 208.0 | 205.9 | 203.2 | 203.2 | 200.7 | 199.2 | 196.8 | 194.5 | 194.5 |
Broadband net additions (losses) | (0.1) | 0.1 | 0.3 | (0.5) | (0.2) | (0.4) | 0.3 | (1.1) | (1.6) | (2.8) |
Video net additions (losses) | (2.0) | (1.6) | (1.8) | (2.3) | (7.7) | (2.3) | (1.9) | (2.1) | (2.2) | (8.5) |
Telephony net additions (losses) | (2.3) | (2.0) | (2.1) | (2.6) | (9.1) | (2.6) | (1.4) | (2.4) | (2.3) | (8.8) |
Total Mobile Lines(17) |
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Mobile ending lines | 247.9 | 264.2 | 288.2 | 322.2 | 322.2 | 351.6 | 384.5 | 420.1 | 459.6 | 459.6 |
Mobile ending lines excluding free service | 223.3 | 257.9 | 288.1 | 322.2 | 322.2 | 351.6 | 384.5 | 420.1 | 459.6 | 459.6 |
Mobile line net additions | 7.6 | 16.3 | 24.1 | 34.0 | 82.0 | 29.3 | 33.0 | 35.5 | 39.5 | 137.4 |
Mobile line net additions ex-free service | 14.6 | 34.6 | 30.3 | 34.1 | 113.5 | 29.3 | 33.0 | 35.5 | 39.5 | 137.4 |
Fiber (“FTTH”) Customer Metrics |
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| Q1-23 | Q2-23 | Q3-23 | Q4-23 | FY-23 | Q1-24 | Q2-24 | Q3-24 | Q4-24 | FY-24 |
FTTH Total Passings(18) | 2,373.0 | 2,659.5 | 2,720.2 | 2,735.2 | 2,735.2 | 2,780.0 | 2,842.0 | 2,893.7 | 2,961.8 Related newsLast NewsRSA at Cybertech Europe 2024Alaa Abdul Nabi, Vice President, Sales International at RSA presents the innovations the vendor brings to Cybertech as part of a passwordless vision for… Italian Security Awards 2024: G11 Media honours the best of Italian cybersecurityG11 Media's SecurityOpenLab magazine rewards excellence in cybersecurity: the best vendors based on user votes How Austria is making its AI ecosystem growAlways keeping an European perspective, Austria has developed a thriving AI ecosystem that now can attract talents and companies from other countries Sparkle and Telsy test Quantum Key Distribution in practiceSuccessfully completing a Proof of Concept implementation in Athens, the two Italian companies prove that QKD can be easily implemented also in pre-existing… Most readClaritev Further Strengthens Leadership Team as Part of Business Transformation…$CTEV #CTEV--Claritev Corporation (“Claritev” or the “Company”) (NYSE: CTEV), a technology, data and insights company focused on making healthcare more… SMART Modular Expands CXL Offerings with Addition of E3.S 2T 128GB CMM…$PENG #AI--SMART Modular Technologies Inc. (“SMART”), a Penguin Solutions, Inc. brand (Nasdaq: PENG) and a global leader in integrated memory solutions,… Hawk Recognized as a Strong Performer in Anti-Money Laundering Solutions…Hawk, the leading provider of AI-powered anti-money laundering (AML), screening and fraud prevention solutions, has today announced that it has been recognized… ISG to Assess Workday Ecosystem Providers in the U.S., Europe and APAC#AI--Information Services Group (ISG) (Nasdaq: III), a global AI-centered technology research and advisory firm, has launched a research study examining… G11 Media Networks |