OPTU earnings analysis
What we found in OPTU's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Optimum Communications reported a disappointing Q1 2026 with total revenue slipping 4% year-over-year to $2.07 billion, slightly below estimates of $2.07 billion. The company faced a significant net loss attributable to shareholders of $2.88 billion or $6.10 per share, driven largely by an impairment charge. Despite growth in mobile service revenue, declines in broadband, video, and telephony revenue raise concerns about competitive pressures and operational challenges ahead.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Mobile Revenue Growth
- Mobile service revenue increased by 35% to $49.55 million, driven by 674.1 thousand mobile lines.
- Cost Reductions
- Programming and operating costs decreased by 6% to $1.29 billion, contributing to lower operating expenses.
- Increased Revenue from News & Advertising
- Revenue from news and advertising segments rose by 17% to $119.67 million, indicating strength in this area.
- Adjusted EBITDA Stability
- Adjusted EBITDA remained relatively stable, decreasing marginally by 1% to $789.01 million.
- Free Cash Flow Improvement
- Free cash flow deficit improved from $(168.64 million) to $(137.42 million), reflecting better cash management despite challenges.
- Substantial Cash Reserves
- Cash and cash equivalents increased to $1.05 billion, providing some liquidity amid financial challenges.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Massive Net Losses Persist
- Net loss attributable to shareholders escalated to $2.88 billion, significantly above last year's $75.68 million losses.
- High Debt Levels
- Principal amounts of debt totaled $4.13 billion maturing in April 2027, raising liquidity concerns.
- Subscriber Base Decline
- Total customer relationships decreased to 4.26 million from 4.51 million YoY, marking a significant loss in market share.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-6.1
- Segment
- Residential Broadband
- Segment
- Video
- Segment
- Telephony
- Segment
- Mobile
What they said about what is next.
Outlook deferred to earnings press release / call.
The filing reads worse than the one before it.
What came before.
- 10-K · February 13, 2026
- Optimum Communications reports FY2025 revenue of $8,590,467,000 (2025 vs $8,954,417,000 in 2024) with a net loss attributable to stockholders of $1,869,024,000 and Adjusted EBITDA of $3,335,633,000. The company…
- 10-K · February 13, 2025
- Altice USA (Optimum) is pursuing FTTH buildout and mobile expansion while generating positive free cash flow, but faces customer declines and high leverage that pressured 2024 results. Total revenue fell to…
- 10-Q · November 5, 2024
- Altice USA reported weakening operating results in Q3: revenue declined to $2,227,700 (Q3 2024) from $2,317,200 (Q3 2023) and operating income fell to $444,593 from $492,565. The company posted a net loss attributable…
- 10-Q · May 2, 2024
- Altice USA reported Q1 revenue of $2,250,935 (down $43,043 or -1.9% vs Q1 2023). Operating income fell to $393,154 (down $31,976 or -7.5%) and diluted EPS moved to a loss of $(0.05) from $0.06 a year ago. Operating cash…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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