Altice USA, Inc. reported significant financial challenges in its latest 10-Q filing for the third quarter of 2025, revealing a net loss of $1.62 billion for the three months ending September 30, 2025, compared to a loss of $40.8 million in the same period last year. For the nine months ended September 30, 2025, the company recorded a net loss of $1.78 billion, a stark contrast to a loss of $32 million for the same period in 2024. Total revenue for the third quarter decreased to $2.11 billion, down 5.4% from $2.23 billion in the prior year, while year-to-date revenue fell to $6.41 billion from $6.72 billion.
The decline in revenue was attributed to a decrease in customer counts across several service lines, particularly in broadband and video services. Broadband revenue fell to $873.4 million from $913.4 million year-over-year, while video revenue dropped to $645.2 million from $715.1 million. The company reported a total of 4.4 million customer relationships as of September 30, 2025, down from 4.6 million a year earlier. The decrease in customer numbers was compounded by increased competition and changing consumer preferences, which have pressured pricing and service uptake.
Operationally, Altice USA has been focusing on strategic initiatives, including the expansion of its fiber-to-the-home (FTTH) network, which now covers approximately 9.9 million passings. The company has also been investing in mobile services, which saw a revenue increase of 38% year-over-year, reflecting a growing customer base in that segment. However, the overall customer engagement metrics indicate a decline in traditional service subscriptions, particularly in video and telephony, which are critical to the company's revenue model.
In terms of financial health, Altice USA's total assets decreased to $30.73 billion as of September 30, 2025, down from $31.70 billion at the end of 2024. The company's total liabilities increased to $32.97 billion, resulting in a stockholders' deficiency of $2.24 billion. The filing also highlighted a significant impairment charge of $1.61 billion related to indefinite-lived cable franchise rights, reflecting a reassessment of the value of these assets in light of competitive pressures and changing market conditions.
Looking ahead, Altice USA's management expressed concerns about the competitive landscape and the need for continued investment in infrastructure and service offerings to retain and attract customers. The company anticipates that ongoing economic conditions and market dynamics will continue to impact its performance, and it remains focused on executing its strategic initiatives to stabilize and grow its business.
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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