Altice USA residential video RGUs down 74,000 in 4Q 2020
Wednesday, February 10th, 2021
NEW YORK — Altice USA (NYSE: ATUS) today reports results for the fourth quarter and full year ended December 31, 2020.
Residential Video RGUs
Reported quarterly video net losses were -74k in Q4 2020, or -76k adjusted for the retention of subscribers formerly covered by the FCC Pledge and NJ Order, and excluding storm-affected greater than 90-day subscribers, or -74k further adjusted to exclude storm disconnects(5), compared to -44k in Q4 2019.
Reported organic Residential Video net losses were -237k in FY 2020 (or -218k inclusive of Service Electric). Excluding storm-affected greater than 90-day subscribers, FY 2020 video net loss would have been -241k, or -218k inclusive of Service Electric and excluding additional storm disconnects(5), compared to -107k in FY 2019
Customer Metrics – Residential Video (in thousands)
Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 ------- ------- ------- ------- ------- ------- ------- ------- 3,276.1 3,255.3 3,223.4 3,179.2 3,137.5 3,102.9 3,035.1 2,961.0
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