ATUS 3Q25 Quick Take: Subs and EBITDA miss; ’25 full year EBITDA guidance reaffirmed
Altice’s broadband losses were higher than expected. EBITDA also missed consensus estimates. Management has, however, reaffirmed their EBITDA guidance of $3.4BN for this year. We expect the stock to trade down on results, but, like CMCSA and CHTR last week, where it winds up for the day will depend on commentary around expected 4Q subscriber trends and management’s confidence around their EBITDA guidance.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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