Optimum Communications, Inc., formerly Altice USA, reported a decrease in revenue for the year ended December 31, 2025, totaling $8.59 billion compared to $8.95 billion in 2024. This decline was primarily attributed to decreases in residential broadband, video, and telephony revenues, partially offset by growth in mobile service revenue and business services. The company experienced a net loss attributable to Optimum Communications stockholders of $1.87 billion, a significant shift from the $102.9 million net loss reported in the previous year. This was influenced by increased operating expenses, particularly restructuring, impairments, and other operating items.
Key operational developments included a decrease in total customer relationships from 4.55 million in 2024 to 4.33 million in 2025, driven by declines in residential broadband, video, and telephony customers. However, the company saw an increase in mobile lines to 622,500, up from 459,600 in the prior year. Optimum Communications continued its FTTH network build, reaching 3.1 million homes and businesses passed as of December 31, 2025, and reported 715,900 FTTH customer relationships, demonstrating a penetration rate of 23.1%. The company also noted that it exited the Rural Digital Opportunity Fund (RDOF) program during the year.
Adjusted EBITDA, a non-GAAP financial measure used by the company to evaluate operating performance, decreased to $3.34 billion in 2025 from $3.41 billion in 2024. This decline was primarily due to the decrease in revenue, partially offset by a net decrease in operating expenses, excluding depreciation and amortization, share-based compensation, restructuring, impairments, and other operating items. Free Cash Flow also decreased, resulting in a deficit of $118.8 million in 2025 compared to a positive $149.4 million in 2024, driven by a decrease in net cash provided by operating activities.
Looking ahead, Optimum Communications faces challenges related to its substantial indebtedness, with $7.4 billion of long-term debt maturing in 2027. The company's ability to repay this debt is contingent upon successful refinancing or raising additional capital. Management is actively pursuing these options, but there is no guarantee of success. Failure to secure committed funding sources by April 2026 could raise substantial doubt about the company's ability to continue as a going concern. The company also faces ongoing competition in the broadband, video, and mobile services markets, as well as increasing programming costs and regulatory risks.
About Altice USA, Inc.
Altice USA, Inc. provides broadband, video, telephony, and mobile services to residential and business customers primarily in the New York metropolitan area and south-central U.S. markets. Operating under the Optimum brand, it delivers high-speed internet via fiber-to-the-home and hybrid fiber-coaxial networks. The company also offers enterprise fiber connectivity, managed services, and advertising solutions, leveraging advanced network infrastructure and a customer-focused business model.
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