Altice USA Reports $75.7 Million Net Loss and $2.15 Billion Revenue in Q1 2025

Altice USA, Inc. reported a net loss of $75.7 million for the first quarter of 2025, a significant increase from a net loss of $21.2 million in the same period last year. The company's total revenue for the quarter was $2.15 billion, down 4.4% from $2.25 billion in Q1 2024. This decline was primarily driven by decreases in residential broadband, video, and telephony revenues, which collectively fell by $100.2 million. Notably, broadband revenue decreased by 2% to $899.6 million, while video revenue saw a more substantial drop of 12% to $665.6 million.

Operating expenses for Altice USA also reflected a mixed performance, totaling $1.81 billion, compared to $1.86 billion in the prior year. The company reported a decrease in programming and other direct costs, which fell by 10% to $670.5 million, attributed to lower video customer counts and reduced costs related to temporary programming interruptions. However, other operating expenses increased by 3.6% to $698.2 million, driven by higher labor costs and marketing expenses. The operating income for the quarter was $343.5 million, down from $393.2 million in Q1 2024.

In terms of customer metrics, Altice USA served approximately 4.51 million total customer relationships as of March 31, 2025, a decrease from 4.71 million a year earlier. The company reported a total of 3.96 million broadband customers, down from 4.14 million, and a decline in video customers to 1.79 million from 2.09 million. The average revenue per user (ARPU) for residential customers remained relatively stable at $133.93, compared to $135.67 in the previous year.

Strategically, Altice USA continues to invest in its network infrastructure, with capital expenditures amounting to $356.1 million in Q1 2025, up from $336.1 million in the same quarter last year. The company is focused on expanding its fiber-to-the-home (FTTH) network, which is expected to enhance service offerings and customer experience. Despite the current challenges, Altice USA remains committed to its growth strategy, emphasizing the importance of customer retention and service quality in a competitive market.

Looking ahead, Altice USA anticipates ongoing challenges due to competitive pressures and rising programming costs. The company is focused on improving operational efficiencies and enhancing customer engagement to drive future growth. Management expressed cautious optimism about the potential for revenue stabilization as it continues to adapt to changing market conditions and consumer preferences.