Thu, May 8, 9:11 PM (45 days ago)
**Altice USA, Inc. (ATUS) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** $2,152,282,000 (down 4.4% YoY from $2,250,935,000). - **Net Loss:** $75,676,000 (increased from $21,193,000 YoY). - **Operating Income:** $343,458,000 (down 12.6% YoY from $393,154,000). - **Adjusted EBITDA:** $799,014,000 (down 5.6% YoY from $846,555,000). - **Free Cash Flow:** Negative $168,641,000 (down from $63,566,000 YoY). **Profit Margins:** - **Operating Margin:** 16% (down from 17.5% YoY). - **Net Margin:** -3.5% (down from -0.9% YoY). **Cash Flow:** - **Operating Cash Flow:** $187,483,000 (down from $399,661,000 YoY). - **Capital Expenditures:** $356,124,000 (up from $336,095,000 YoY). **Earnings Changes:** - **EPS (Basic and Diluted):** -$0.16 (down from -$0.05 YoY). **Quarterly Performance Discussion:** - **Revenue Decline:** Driven by decreases in video (-12%) and telephony (-6%) revenues, partially offset by mobile revenue growth (47%). - **Operating Expenses:** Increased by 3.5% YoY, primarily due to higher labor costs, marketing expenses, and repairs/maintenance. - **Interest Expense:** Slightly decreased by 2.1% YoY. - **Tax Benefit:** $15,964,000 (compared to $2,924,000 expense YoY). **Trends and Uncertainties:** - **Customer Metrics:** Total passings and customer relationships declined YoY. - **Capital Expenditures:** Focus on network upgrades and FTTH build-out. - **Debt:** Significant debt obligations with maturities in the near term. - **Legal Matters:** Ongoing litigation that could impact financial results. **Future Operations Impact:** - **Growth Strategy:** Continued investment in network infrastructure and mobile services. - **Debt Management:** Plans to utilize free cash flow and revolving credit facilities to manage debt. - **Market Conditions:** Sensitivity to economic downturns and competitive pressures.