ATUS 3Q24 Results Review and Model Update
This note focuses on the review of results and estimate changes. We provided our comprehensive thoughts on the company in our thoughts following note. We lowered broadband losses and increased revenue and EBITDA for 4Q24. We also lowered capex and increased FCF.Altice USA is a holding company. Through its subsidiaries, the company provides broadband communications and video services and markets its services primarily under two brands: Optimum, in the New York metropolitan area, and Suddenlink, principally in markets in the south-central United States. The company delivers broadband, video, and telephony services to the residential and business customers. The company also provides fiber connectivity, bandwidth and managed services to enterprise customers through its Lightpath business (also marketed as Altice Business) and the company provides advertising time and services to advertisers. The company has launched Altice Mobile, a mobile offering, to consumers across its footprint.
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