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NEW YORK - Altice USA (NYSE:ATUS) reported first-quarter results that fell short of analyst expectations, with revenue declining YoY and adjusted earnings per share (EPS) coming in below estimates. The cable and telecommunications company’s shares slipped 1.5% following the announcement.
For the first quarter ended March 31, 2025, Altice USA posted revenue of $2.15 billion, slightly below the consensus estimate of $2.16 billion and down from the same period last year. The company reported an adjusted EPS loss of -$0.16, worse than the analyst estimate of -$0.08.
Despite the earnings miss, Altice USA highlighted positive operational metrics. The company achieved its lowest quarterly customer and broadband churn in three years, along with record fiber customer growth of 69,000, surpassing the 600,000 customer milestone. Mobile line performance was the best in five years, adding 49,000 lines and exceeding 500,000 total mobile lines.
Dennis Mathew, Altice USA Chairman and Chief Executive Officer, commented, "Our first quarter results reflect steady progress against our operational and financial priorities. We are activating competitive strategies with enhanced go-to-market effectiveness, deepening penetration of both new and existing products, and transforming our operations to drive efficiency."
Looking ahead, Altice USA provided full-year 2025 revenue guidance of $8.6-8.7 billion, slightly above the consensus estimate of $8.56 billion. The company also expects to deliver approximately $3.4 billion in Adjusted EBITDA for the full year 2025, representing an improvement from prior year trends.
The company noted it is embedding AI and digital tools across operations, including through a new partnership with Google (NASDAQ:GOOGL) Cloud, as part of its ongoing transformation efforts.
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