At the end of Q3 2019, Altice Mobile had 15k active mobile lines and generated revenue of $3m for the quarter. Adjusted EBITDA flat (-0.2% YoY) to $1.068 billion, an Adjusted EBITDA margin of 43.8% in Q3 2019 (+0.7% YoY Adjusted EBITDA growth and 44.3% Adjusted EBITDA margin, each excluding mobile losses. of New Jersey, Inc., for $150 million in cash, subject to certain closing adjustments and closing conditions. Altice USA’s fiber (FTTH) network rollout accelerated in the past year, reaching over 600k homes ready for service at the end of 2019 (approximately 12% of Optimum’s homes passed). (10) Pro forma for new $1.25 billion senior notes issued in October 2019 used to repay the CSC Holdings $1.24 billion senior notes and the new $3.0 billion Term loan used to repay the Term B-2 loan, Term B-4 loan and the $500 million Cablevision 8% Notes. Where is Altice USA headquarters? As we now turn our focus to scaling our efforts, we look forward to accelerating our revenue and Adjusted EBITDA growth in 2020 as we begin to realize the benefits of our investments.”, Net income (loss) attributable to Altice USA, Inc. stockholders. Altice USA (NYSE: ATUS) is one of the largest broadband communications and video services providers in the United States, delivering broadband, video, mobile, proprietary content and advertising services to more than 4.9 million residential and business customers across 21 states through its Optimum and Suddenlink brands. The company is in the process of expanding its device line up and omni-channel presence to support further growth. Adjusted EBITDA should be viewed as a supplement to and not a substitute for operating income (loss), net income (loss), and other measures of performance presented in accordance with GAAP. Altice USA revenue for the twelve months ending June 30, 2020 was $9.838B, a 1.21% increase year-over-year. The net proceeds from the sale of these notes were used to repay outstanding borrowings under CSC Holdings’ revolving credit facility in full, along with accrued interest and pay fees associated with the transactions. What is Altice USA revenue per employee? Net debt, defined as debt less cash, and excluding finance leases and other notes. Lisa Anselmo: +1 929 418 4362 / [email protected]. (6) Customer metrics have been adjusted to conform definitions between Suddenlink and Optimum in connection with the migration of Suddenlink to the Optimum OSS / BSS platforms. Altice USA continues to have success with our managed services suite of products including security, Smart WiFi, and hosted voice services for both SMB and mid-market enterprise customers. You must click the link in the email to activate your subscription.
These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "anticipate", "believe", "could", "estimate", "expect", "forecast", "intend", "may", "plan", "project", "should" or "will" or, in each case, their negative, or other variations or comparable terminology. These actions further streamlined the company’s debt capital structure, which is expected to simplify Altice USA’s financing strategy and financial reporting requirements. Cash capex for Altice USA was $375 million in Q3 2019, representing 15.4% of revenue (~11% excluding mobile and FTTH / new home build capex). View source version on businesswire.com: Net Income attributable to stockholders of $138.9 million in FY 2019, or $0.21/share (increased from net income of $18.8 million in … News and Advertising revenue declined -2.3% YoY in FY 2019. Internally, we use revenue and Adjusted EBITDA measures as important indicators of our business performance, and evaluate management’s effectiveness with specific reference to these indicators. Homes passed represents the estimated number of single residence homes, apartments and condominium units passed by the broadband network in areas serviceable without further extending the transmission lines.
With Smart WiFi, customers will benefit from one powerful network that uses intelligent technology to seamlessly and simultaneously connect a greater number of devices to the strongest signal, providing a high-quality broadband experience.
On May 20, 2015, Netherlands-based Altice NV announced that it would enter the U.S. cable market by purchasing Suddenlink Communications, the country's 7th-largest cable provider, for $9.1 billion. Altice USA today announces that it has reached an agreement to acquire substantially all the assets of regional cable operator Service Electric Cable T.V. Customers represent each customer account (set up and segregated by customer name and address), weighted equally and counted as one customer, regardless of size, revenue generated, or number of boxes, units, or outlets. Adjusted EBITDA and similar measures with similar titles are common performance measures used by investors, analysts and peers to compare performance in our industry. Altice USA specifically disclaims any obligation to publicly update or revise any forward-looking statement, as of any future date. Latest Altice USA revenue per employee is $562.4 k. Who are Altice USA competitors?
Net Income attributable to stockholders of $138.9 million in FY 2019, or $0.21/share (increased from net income of $18.8 million in FY 2018, or $0.03/share). In July 2019, Altice USA’s wholly-owned subsidiary CSC Holdings issued $1.0 billion in aggregate principal amount of senior notes which bear interest at a rate of 5.75% and will mature on January 15, 2030. Altice USA Reports Third Quarter 2019 Results, Consolidated Net Debt as of September 30, 2019, Actual and Proforma, https://www.businesswire.com/news/home/20191105006144/en/. As of September 30, 2019, Altice USA had 636,827,486 combined Class A and Class B shares outstanding. As of December 31, 2019, Altice USA had 632,995,139 combined Class A and Class B shares outstanding. Altice USA annual revenue for 2018 was $9.567B, a 2.79% increase from 2017. In counting bulk Residential customers, such as an apartment building, we count each subscribing family unit within the building as one customer, but do not count the master account for the entire building as a customer. (2) Adjusted EBITDA growth of 0.7% excluding approximately $10.5m of losses related to Altice USA’s mobile business in the current period. We are seeing particular strength in broadband as we continue to reap the benefits of ongoing investments in our network, including FTTH and DOCSIS 3.1 upgrades. In calculating the number of customers, we count all customers other than inactive/disconnected customers. Most of these accounts are also not entirely free, as they typically generate revenue through pay-per-view or other pay services and certain equipment fees. We remain laser focused on innovation and maximizing shareholder value creation, including the resumption of share buybacks in January 2020.". In the quarter, the News team continued to make significant progress in expanding its reach with partnerships such as Cheddar’s launch on Amazon Fire’s new News app. With this acquisition, Altice USA will extend its footprint into neighboring communities to provide its high-quality broadband, video, mobile, and news offerings to thousands of additional homes and businesses in New Jersey. Altice USA annual revenue for 2019 was $9.761B, a 2.03% increase from 2018.
Altice Mobile will also evolve to include new wireless technologies, including 5G. This impact is estimated by comparing daily results in the current period during the platforms transition, against results achieved in the prior year. Where, in any forward-looking statement, we express an expectation or belief as to future results or events, such expectation or belief is expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the expectation or belief will result or be achieved or accomplished. The initial proceeds of the TLB-5 were used to repay approximately $2.5 billion of the outstanding term loans under the credit agreement (TLB-2 and TLB-4), and the proceeds of the delayed draw tranche of the TLB-5 were used to distribute $500 million in cash to Cablevision, the proceeds of which were used to redeem Cablevision’s 8.00% senior notes due 2020, representing the entire aggregate principal amount outstanding, and in each case, paying related fees, costs and expenses in connection with such transactions, with the remainder being used to fund cash on the balance sheet. We also use Operating Free Cash Flow (defined as Adjusted EBITDA less cash capital expenditures), and Free Cash Flow (defined as net cash flows from operating activities less cash capital expenditures) as indicators of the Company’s financial performance. Altice USA has offices in Bethpage, Auburn, … Residential revenue increased +0.5%, supported by Residential customer relationship growth of +0.7% YoY and flat ARPU (-0.1% YoY). Free accounts are included in the customer counts along with all active accounts, but they are limited to a prescribed group. These remain key priorities as we accelerate our ongoing speed upgrades, which include broad-scale availability of Gigabit services as well as enhanced WiFi performance across the footprint. Consistent with this repurchase program, the company expects to complete $1.7 billion of share repurchases in 2020. To the extent that statements in this release are not recitations of historical fact, such statements constitute forward-looking statements, which, by definition, involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements including risks referred to in our most recently filed Annual Report on Form 10-K and in our most recently filed Quarterly Report on Form 10-Q. Where, in any forward- looking statement, we express an expectation or belief as to future results or events, such expectation or belief is expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the expectation or belief will result or be achieved or accomplished. Consumers can bring their own phone to Altice Mobile.
Following recent renewals, programming costs per video customer are expected to increase by mid-to-high single digits going forward (+7.2% in FY 2019 and +6.9% in Q4 2019). The acquisition closed on December 21, 2015. (10), Net Leverage Schedules as of September 30, 2019 ($m), Reconciliation to Financial Reported Debt, Total Debenture and Loans from Financial Institutions (Carrying Amount), Total Value of Debenture and Loans from Financial Institutions (Principal Amount). Loss (gain) on interest rate swap contracts, Loss (gain) on investments and sales of affiliate interests, net, Customer Metrics(9)(in thousands, except per customer amounts), Consolidated Net Debt as of December 31, 2019, Net Leverage Schedules as of December 31, 2019 ($m), Reconciliation to Financial Reported Debt, Total Debenture and Loans from Financial Institutions (Carrying Amount), Total Value of Debenture and Loans from Financial Institutions (Principal Amount). In September 2019, Altice USA successfully migrated Suddenlink to the Optimum OSS / BSS platforms, simplifying the company’s internal and customer-facing tools and systems. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. To better serve clients and advertisers with a compelling combination of services, the company also recently integrated the Altice News and Advertising divisions, naming Jon Steinberg President of News and Advertising.
Altice USA is further enhancing the entertainment and connectivity experience for its customers with Smart WiFi, a whole-home intelligent mesh WiFi system.
Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page.
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