Altice USA, Inc. - ATUS STOCK NEWS

Altice USA (NYSE: ATUS) announces significant leadership changes as Jon Steinberg will depart in spring. Keith Bowen, previously Chief Revenue Officer, is now President of Altice News & Advertising, overseeing Cheddar News and other brands. Kristin Malaspina has been appointed General Manager of Cheddar News and SVP of Distribution. Bowen's leadership is expected to drive growth, while Steinberg will advise during the transition before returning to entrepreneurship.

Altice USA (NYSE: ATUS) has announced a $1 million donation to support public school teachers and students through a partnership with DonorsChoose. This initiative will fund classroom projects focused on technology and educational tools in the company’s Optimum and Suddenlink service areas. This marks the second year of collaboration, with last year seeing funding for over 3,000 projects across nearly 2,200 schools. The program follows Altice's $10 million community relief effort during the COVID-19 pandemic, demonstrating its commitment to enriching education opportunities for students.

Ampersand has entered a partnership with Altice USA to become the exclusive seller of Altice's national Addressable inventory. This collaboration integrates data from two million Altice households into Ampersand's AND Platform, enhancing local and national TV advertising capabilities. The AND Platform, launched in 2020, serves as a comprehensive tool for TV campaign planning and measurement, reaching over 80 million households, with 52 million being Addressable. This partnership aims to improve targeting and measurement for advertisers, facilitating better campaign performance across different media.

Altice USA (NYSE: ATUS) announced that Lee Schroeder, Executive VP of Government & Community Affairs and Chief Diversity Officer, will leave the company in July 2022. Lisa Gonzalez Anselmo, currently the Executive VP of Communications, will take over these roles and continue reporting to CEO Dexter Goei. Goei praised Schroeder's contributions and expressed confidence in Gonzalez Anselmo's ability to lead the Community and Diversity initiatives. Altice USA has been recognized for its diversity programs, receiving accolades from DiversityInc and a perfect score on the Human Rights Campaign Corporate Equality Index.

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.