Altice USA residential video RGUs down 74,000 in 4Q 2020

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