Altice USA 2025 Q3 Earnings Net Loss Widens 3872% Amid Revenue Decline

Altice USA (ATUS) reported fiscal 2025 Q3 results on Nov 6, 2025, with total revenue declining 5.4% to $2.11 billion and a net loss expanding to $1.62 billion. The company reaffirmed its $3.4 billion Adjusted EBITDA guidance but faced intense competition and subscriber losses. CEO Dennis Mathew emphasized operational efficiency and AI integration to stabilize performance.

Revenue

Altice USA’s total revenue fell 5.4% year-over-year to $2.11 billion in Q3 2025, driven by a nearly 10% decline in residential video revenue. Fiber and mobile segments showed resilience, with fiber customers reaching 703k (+46% YoY) and mobile lines hitting 584k (+39% YoY).

Earnings/Net Income

The company’s net loss widened to $-1.62 billion in Q3 2025, a 3872.0% increase from $-40.84 million in 2024 Q3. Per-share losses deepened to $3.47 from $0.09.

The EPS of -$3.47 represents a substantial deterioration, highlighting the company’s financial challenges.

Post-Earnings Price Action Review

Altice USA’s stock edged up 0.98% on the latest trading day but dropped 19.77% month-to-date. Analysts noted the shares underperformed the S&P 500, with a Zacks Rank #4 (Sell) due to unfavorable estimate revisions. The stock’s trajectory may hinge on management’s ability to stabilize broadband subscriber trends and execute cost-cutting measures.

CEO Commentary

CEO Dennis Mathew highlighted a record gross margin of 69.7% and reiterated the full-year Adjusted EBITDA outlook of $3.4 billion. He acknowledged broadband subscriber declines (-58k net losses) and emphasized disciplined execution, AI integration, and fiber/mobile expansion to strengthen revenue growth.

Guidance

The company maintained FY 2025 Adjusted EBITDA guidance of ~$3.4 billion, supported by operational efficiencies and Q4 momentum. Fiber growth targets include 40k net adds in Q3, reaching 703k customers, while mobile guidance projects 38k net line additions. Capital expenditures are forecast at $1.3 billion, driven by Lightpath hyperscaler builds and HFC network upgrades.

Additional News

1. Corporate Rebranding: Altice USA announced a name change to Optimum Communications, Inc., with a ticker symbol shift from ATUS to OPTU effective Nov 19, 2025, aligning with its Optimum brand.

2. Non-Cash Impairment Charge: A $1.6 billion non-cash impairment of cable franchise rights was recorded, attributed to persistent competitive and macroeconomic pressures.

3. Asset-Backed Loan: The company secured a $1.0 billion HFC asset-backed loan maturing in 2031, supporting capital efficiency and network modernization.

Guidance (continued)

Capital expenditures are projected at $1.3 billion FY 2025, driven by Lightpath hyperscaler builds. The company also outlined plans for HFC network upgrades enabling multi-gig speeds and a $1.0 billion HFC asset-backed loan maturing in 2031. No material revisions to financial or operational targets were disclosed.