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ATUS

Altice USA, Inc.

ATUS

Altice USA, Inc. • NYSE
$1.91 ▼ -8.17% (-0.17)
Market Cap $889.50 M
52w High $3.20
52w Low $1.70
Dividend Yield 0%
P/E -0.48
Volume 2.90M
Outstanding Shares 465.71M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $2.108B ▼ $2.634B ▲ $-1.626B ▼ -77.126% ▼ $-3.47 ▼ $-748.92M ▼
Q2-2025 $2.147B ▼ $1.173B ▲ $-96.251M ▼ -4.483% ▼ $-0.21 ▼ $718.723M ▼
Q1-2025 $2.152B ▼ $1.138B ▼ $-75.676M ▼ -3.516% ▼ $-0.16 ▼ $759.266M ▼
Q4-2024 $2.235B ▲ $1.172B ▲ $-54.116M ▼ -2.421% ▼ $-0.12 ▼ $827.757M ▲
Q3-2024 $2.228B $1.072B $-42.97M -1.929% $-0.093 $783.783M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $938.759M ▲ $30.73B ▼ $32.97B ▲ $-2.242B ▼
Q2-2025 $247.29M ▼ $31.619B ▼ $32.245B ▲ $-624.115M ▼
Q1-2025 $279.141M ▲ $31.685B ▼ $32.211B ▲ $-543M ▼
Q4-2024 $256.534M ▲ $31.701B ▼ $32.158B ▼ $-469.235M ▼
Q3-2024 $250.001M $31.834B $32.257B $-427.112M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-1.622B ▼ $147.448M ▼ $-265.138M ▲ $914.301M ▲ $796.081M ▲ $-178.715M ▼
Q2-2025 $-87.986M ▼ $411.965M ▲ $-382.006M ▼ $-62.745M ▼ $-31.848M ▼ $28.446M ▲
Q1-2025 $-71.271M ▼ $187.483M ▼ $-363.549M ▲ $198.727M ▲ $22.607M ▲ $-168.641M ▼
Q4-2024 $-54.116M ▼ $439.922M ▲ $-409.533M ▼ $-23.835M ▲ $6.533M ▲ $49.884M ▼
Q3-2024 $-40.835M $436.024M $-360.087M $-188.454M $-112.103M $76.865M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Advertising and News
Advertising and News
 $160.00M ▲$100.00M ▼$120.00M ▲$110.00M ▼
Broadband
Broadband
 $900.00M ▲$900.00M ▲$890.00M ▼$870.00M ▼
Business Services and Wholesale
Business Services and Wholesale
 $370.00M ▲$360.00M ▼$360.00M ▲$360.00M ▲
Mobile
Mobile
 $30.00M ▲$40.00M ▲$40.00M ▲$40.00M ▲
Pay TV
Pay TV
 $690.00M ▲$670.00M ▼$660.00M ▼$650.00M ▼
Products And Services Other
Products And Services Other
 $20.00M ▲$20.00M ▲$20.00M ▲$20.00M ▲
Telephony
Telephony
 $70.00M ▲$70.00M ▲$60.00M ▼$60.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Altice USA’s income statement shows a business under earnings pressure. Revenue has been drifting down over the last several years, suggesting subscriber losses, pricing pressure, or both. Operating profit and cash‑style profit (EBITDA) have also weakened from earlier levels, pointing to rising costs or less operating leverage. The company moved from solid profitability a few years ago to roughly break‑even and then into a small net loss most recently. In words, the core business still throws off cash, but the cushion of profit has thinned, and earnings have become more volatile and less predictable.

Balance Sheet

Balance Sheet The balance sheet is highly leveraged and structurally fragile. Total assets have been fairly stable, but they are funded largely by a very heavy debt load and essentially no equity. Reported shareholder equity is negative, which means liabilities outweigh assets on paper. Cash on hand is modest relative to the debt balance, leaving limited shock absorption if conditions worsen. This kind of capital structure can work in steady times but leaves the company sensitive to interest costs, refinancing conditions, and any operational setbacks.

Cash Flow

Cash Flow Cash flow is more resilient than the headline earnings, but it has softened. The business continues to generate solid operating cash flow, although it has trended down from its earlier peak, mirroring the pressure on profits. Free cash flow remains positive but noticeably thinner than in the past, partly because the company has been investing heavily in its network and is only more recently moderating that investment. In practical terms, Altice USA is still self‑funding, but much of its cash must go toward debt service and network spending, leaving limited room for strategic flexibility.

Competitive Edge

Competitive Edge Altice USA occupies a challenging but defensible niche in U.S. telecommunications. Its key strength is control of a dense regional network footprint and the ability to upgrade that footprint to full fiber, which can support very high‑speed broadband. Bundling broadband with mobile service, business connectivity, targeted advertising, and hyperlocal TV news adds differentiation and helps keep customers from switching. However, the company competes against much larger and better‑capitalized players—major cable operators, telecom incumbents, and now wireless home broadband providers. This intense competition pressures pricing, customer retention, and growth, especially in areas not yet upgraded to fiber.

Innovation and R&D

Innovation and R&D Innovation at Altice USA is focused on network technology and digital operations rather than traditional lab‑style R&D spending. The centerpieces are the fiber‑to‑the‑home buildout, which enables multi‑gigabit speeds, and the use of AI and automation to run the network more efficiently and improve customer support. Altice Labs provides in‑house technology development, while the a4 advertising platform, smart‑home‑oriented offerings, and unified Optimum branding aim to create new revenue streams and a simpler customer experience. The upside is a more modern, lower‑cost, higher‑quality network; the risk is that these investments must be executed well and monetized quickly enough to justify the strain they place on the company’s already leveraged finances.

Summary

Altice USA is a heavily indebted telecom operator in the middle of a major strategic and technological transition. On the positive side, it owns critical network infrastructure in attractive markets, is pushing hard into full‑fiber broadband, and is building an ecosystem around bundled services, local content, and data‑driven advertising. These moves could improve customer loyalty and economics over time. On the other hand, revenue and profits have been drifting down, net results have slipped into a small loss, and the balance sheet carries substantial financial risk with negative equity and large debt. The company’s future path will largely hinge on three things: how effectively it converts fiber investment into subscriber and revenue growth, how much efficiency it can squeeze out through AI and automation, and how successfully it manages and refinances its debt. The opportunity is meaningful if execution goes well, but the margin for error is relatively narrow given the leverage and competitive intensity.

NEWS

November 6, 2025 · 8:15 AM UTC

Lightpath Expands AI-Grade Fiber Network Across the Greater New York Region

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November 6, 2025 · 7:00 AM UTC

Altice USA Changes Corporate Name and NYSE Ticker Symbol to Align with Optimum Brand

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October 15, 2025 · 12:26 PM UTC

Orange: Bouygues Telecom, Free-iliad Group and Orange joint statement following the rejection of their acquisition bid by Altice France

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October 15, 2025 · 6:30 AM UTC

Orange: Orange has taken note of the Group Altice's decision to reject the joint non-binding offer

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October 14, 2025 · 2:34 PM UTC

Orange: Bouygues Telecom, Free-iliad Group and Orange submit a joint non-binding offer to acquire a large part of Altice's activities in France

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