Altice USA, Inc. - ATUS STOCK NEWS

Altice USA (NYSE: ATUS) has reported its Q1 2022 financial results, showing a 2.3% decrease in total revenue to $2.42 billion. Residential revenue fell 3.6% year-over-year, while Business Services revenue grew marginally by 0.1%. Net income dropped to $196.6 million from $274.1 million a year earlier, resulting in a diluted earnings per share of $0.43. Adjusted EBITDA also decreased by 7.7% to $991.7 million. However, the company is actively expanding its fiber network, anticipating up to 6.5 million fiber passings by 2025.

Altice USA (NYSE: ATUS) will hold a conference call on April 28, 2022, at 4:30 p.m. EDT to discuss its Q1 2022 financial results ending March 31, 2022. A press release will be issued at 4:05 p.m. EDT. The call will be led by CEO Dexter Goei and CFO Michael Grau. Participants can dial in or access a live webcast on the company's investor relations website. Altice USA serves over 5 million customers across 21 states, offering broadband, video, and advertising services.

Altice USA (NYSE: ATUS) has renewed its multiyear MVNO agreement with T-Mobile, ensuring that T-Mobile remains the nationwide network provider for Altice's Optimum Mobile service. The new terms promise enhanced flexibility and value for customers, utilizing T-Mobile’s expansive 5G network. Optimum Mobile offers three data plans, with potential savings of up to 40% when bundled with Altice’s broadband services. This partnership strengthens Altice's position in providing integrated mobile and broadband services across the U.S., benefitting over 5 million customers.

Altice USA (NYSE: ATUS) announced that Nick Brown, EVP of Corporate Finance and Development, will participate in the Fiber to the Future – Global Infrastructure Conference hosted by New Street Research and BCG. The virtual event is scheduled for Tuesday, March 29, 2022, with the fireside chat starting at 1:10 p.m. EDT. For those interested, a live webcast will be available through a provided link. Altice USA is a leading broadband and video services provider in the U.S., serving over 5 million customers across 21 states.

On March 17, 2022, Lightpath announced a significant 75-mile expansion of its all-fiber network west of Boston, increasing the total network size in the area to over 200 route miles. The expansion targets major business centers and critical data centers along the I-90 corridor, projected for completion in two phases. This effort is part of Lightpath's commitment to the Greater Boston market, marking its fourth major investment in nine months and enhancing service to over 2,000 organizations.

Altice USA (NYSE: ATUS) announced that CEO Dexter Goei will participate in the upcoming Morgan Stanley Technology, Media & Telecom Conference on March 8, 2022, at The Palace Hotel in San Francisco. The fireside chat is scheduled to begin at 8:00 a.m. PST (11:00 a.m. EST). Interested listeners can access the live audio webcast through the provided link. Altice USA is a leading broadband communications and video service provider in the U.S., serving over 5 million customers across 21 states.

Lightpath has opened a new office in Boston to cater to growing demand in Massachusetts. Located at 100 Quannapowitt Parkway, the office will support sales and operations, adding to the more than 30 employees hired in the past year. The company has invested tens of millions in the Massachusetts market and has over 150 miles of fiber infrastructure serving more than 100 locations. With advanced technologies, customers gain access to services offering speeds up to 800 Gbps, enhancing their connectivity options.

Altice USA (NYSE: ATUS) has announced an accelerated fiber deployment strategy, aiming to reach 6.5 million passings by the end of 2025. This expansion will cover more than two-thirds of its footprint, with 2.5 million passings in Suddenlink and 4 million passings in Optimum. Fiber construction will start this year in regions of Texas, and other states like Arizona, California, and Missouri will also benefit. CEO Dexter Goei emphasized the commitment to delivering multi-gig speeds through this network.

Altice USA (ATUS) announced a new multi-year fiber deployment strategy aiming for 6.5 million Fiber-to-the-Home (FTTH) passings by 2025, covering over two-thirds of its footprint. While total revenue increased by 2% YoY to $10.09 billion for FY 2021, Q4 revenue declined 0.6% YoY to $2.52 billion, influenced by a 2% drop in residential revenue. Net income for Q4 2021 was $251.7 million, down from $330.5 million in Q4 2020. Cash capital expenditures rose 12.2% YoY, reflecting investments in accelerated fiber projects. Free cash flow decreased 35.1% YoY to $290 million in Q4 2021.