Altice USA reports Q2 EPS (21c), consensus (1c)

Reports Q2 revenue $2.15B, consensus $2.15B. Dennis Mathew, Altice USA (ATUS) chairman and CEO, said: “Our second quarter results reflect continued momentum across our operational and financial priorities. We delivered sequential and year over year improvement in broadband subscriber trends and grew broadband ARPU year over year, reinforcing the strength of our core offering. We saw progress across our footprint, driven by targeted localized offers, improved sales channel performance, and stronger go-to-market execution, while churn reached its lowest second-quarter level in three years. We continued to scale our award-winning network, drove penetration of fiber, mobile, and our value-added services categories, executed efficiencies across workforce, programming, and network operations, and took important steps to enhance our capital structure. With these improvements in place, we remain focused on long-term growth, disciplined execution, and delivering value to our customers, communities, and shareholders.”