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NEW YORK - Altice USA (NYSE:ATUS) reported a wider-than-expected loss in the second quarter, with adjusted earnings per share of -$0.21 missing analyst estimates of -$0.01, despite revenue meeting expectations at $2.15 billion.
The broadband provider showed improvement in subscriber trends, with broadband net losses of 35,000 in the second quarter, better than the 51,000 customers lost in the same period last year and the 37,000 lost in the first quarter of 2025. Total (EPA:TTEF) revenue declined 4.2% YoY, while the company swung to a net loss of $96.3 million compared to a profit of $15.4 million in Q2 2024.
Adjusted EBITDA fell 7.3% YoY to $803.8 million, with margins contracting to 37.4% from 38.7% a year earlier. Despite the earnings miss, the company generated positive free cash flow of $28.4 million, compared to a deficit of $40.9 million in the year-ago quarter.
"Our second quarter results reflect continued momentum across our operational and financial priorities," said Dennis Mathew, Altice USA Chairman and Chief Executive Officer. "We delivered sequential and year over year improvement in broadband subscriber trends and grew broadband ARPU year over year, reinforcing the strength of our core offering."
The company highlighted growth in its fiber and mobile segments, with fiber customers increasing 53% YoY to 663,000 and mobile lines growing 42% YoY to 546,000. Broadband ARPU grew to $74.77 from $74.13 in the year-ago quarter.
Altice also reported completing a $1.0 billion asset-backed loan secured primarily by HFC assets, which the company described as "first-of-its-kind." The company maintained its full-year 2025 targets, including approximately $3.4 billion in adjusted EBITDA and $1.2 billion in cash capital expenditures.
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