Optimum Communications filings document the public-company record of the broadband communications provider formerly known as Altice USA. The disclosures cover Class A common stock, NYSE trading under OPTU, operating results, broadband and video performance, capital spending, and the Optimum service platform.
Material-event filings also describe subsidiary credit agreements, Lightpath fiber network revenue notes, executive compensation arrangements, officer transitions, and other governance matters. Proxy materials provide board, compensation, ownership and shareholder-voting information for the company’s annual meeting process.
Optimum Communications, Inc. files an Amendment No. 1 to a Schedule 13G/A reporting beneficial ownership. The filing states that Empyrean Capital Partners, LP and Amos Meron beneficially own 24,578,407 shares of Class A Common Stock, representing 5.22% of the class. The filing attributes shared voting and dispositive power over the same 24,578,407 shares to the reporting persons and notes the position is held through Empyrean Capital Overseas Master Fund, Ltd.
The statement is signed by the Chief Compliance Officer and by Amos Meron and references a Joint Filing Agreement in Exhibit 99.1.
Optimum Communications, Inc. reports a Schedule 13G/A amendment disclosing that Millennium Management LLC, Millennium Group Management LLC and Israel A. Englander hold shared voting power and shared dispositive power of 9,523,665 shares of Class A Common Stock, representing 3.2% of the class as of 03/31/2026. The filing includes a Joint Filing Agreement dated May 13, 2026 among the three filers and clarifies that the disclosed positions are held by entities subject to the filers' voting control or investment discretion.
Optimum Communications, Inc. ownership disclosure: Deutsche Bank AG reports beneficial ownership of 14,927,405 shares of Class A Common Stock, representing 5.2% of the class as of 03/31/2026. The filing shows shared voting and shared dispositive power over those shares; signature dated 05/13/2026.
Optimum Communications, Inc. reported a sharp swing to loss for the quarter ended March 31, 2026, driven by a large non-cash impairment and heavy interest costs. Revenue declined to $2,065,368 from $2,152,282 a year earlier as broadband and video lines softened, partly offset by growth in mobile and advertising.
The company recorded a $2,700,000 impairment on indefinite-lived cable franchise rights, pushing operating income to a loss of $2,360,089 and net loss attributable to stockholders to $2,884,071, or $(6.10) per share, versus a $(0.16) loss per share in 2025. Adjusted EBITDA was relatively stable at $789,013 compared with $799,014 a year earlier.
Optimum ended the quarter with $1,048,634 of cash and cash equivalents and total debt of about $26.6 billion. Management disclosed substantial doubt about the company’s ability to continue as a going concern because principal amounts of $4,130,000 maturing in April 2027 and $2,125,000 maturing in July 2027 are not currently covered by committed financing or projected cash flows.
Optimum Communications reported a mixed first quarter of 2026, combining heavy one-time charges with modest operating progress. Total revenue was $2.07 billion, down 4.0% year over year, as residential revenue fell 6.5% and residential ARPU eased to $132.32.
The company posted a net loss attributable to stockholders of $2,884.1 million, or $6.10 per diluted share, driven largely by a $2.7 billion non‑cash impairment of indefinite‑lived cable franchise rights. Adjusted EBITDA was $789.0 million, down 1.3% year over year, but the Adjusted EBITDA margin improved to 38.2%, reflecting cost discipline and efficiency measures.
Free Cash Flow remained negative at a deficit of $137.4 million, though this improved from a $168.6 million deficit a year earlier. Broadband trends stayed challenging with total broadband net losses of 64 thousand, while mobile remained a bright spot, delivering 52 thousand net line additions and 35% growth in residential mobile service revenue to $50 million. As of March 31, 2026, consolidated net debt was $25,488 million, implying net leverage of 7.5x L2QA, with 476.3 million combined Class A and B shares outstanding.
Optimum Communications General Counsel Michael Olsen reported an open-market sale of 20,000 shares of Class A common stock at $1.59 per share. After this transaction, he directly holds 1,199,781 shares. The sale was carried out under a pre-arranged Rule 10b5-1 trading plan adopted on December 1, 2025.
The filing reports a Form 144 notice for Class A common shares associated with Michael Olsen. The filing lists three dispositions: 250,000 shares on 02/17/2026 for $400,080.79, 20,000 shares on 03/02/2026 for $28,000.00, and 20,000 shares on 04/01/2026 for $25,800.00. The record also lists restricted stock vesting events of 5,591 shares dated 12/29/2022 and 14,409 shares dated 12/29/2023.
Optimum Communications, Inc. is asking stockholders to elect nine directors and ratify its independent registered public accounting firm at a fully virtual annual meeting on June 10, 2026. The company has a dual‑class share structure, with Class A shares carrying one vote and Class B shares carrying twenty‑five votes, and is a NYSE “controlled company” based on Patrick Drahi’s majority voting power.
The proxy explains board composition, committee responsibilities, and governance practices, including majority voting for uncontested director elections and annual board self‑evaluations. It also details 2025 executive pay, which combines salary, annual bonuses tied to Adjusted EBITDA and operational metrics, and long‑term incentives using restricted share units and cash performance awards. Special 2025 cash bonuses and sizable 2026 retention awards for senior leaders, along with changes that shift 2026 long‑term incentives toward deferred cash plus performance‑based cash awards, are highlighted as tools to retain key executives.
Optimum Communications, Inc. Chief Financial Officer Marc Sirota filed an amended insider report to correct his reported holdings of Class A common stock. The amendment fixes a prior Form 4 that, due to a ministerial error, understated his beneficial ownership.
The corrected filing shows Sirota directly beneficially owns 1,330,406 shares of Class A common stock following the previously reported transaction on February 27, 2026. The amendment reflects a reporting correction rather than a new stock purchase or sale.
Optimum Communications, Inc. Chief Accounting Officer Maria Bruzzese reported a tax-withholding disposition involving 5,914 shares of Class A common stock at $1.29 per share. These shares were withheld to cover taxes upon the vesting of restricted share units granted under the company’s 2017 Long Term Incentive Plan. After this non-market transaction, she directly holds 450,658 shares.