Altice USA reports video net losses of 48,000 for 2Q 2021

NEW YORK — Altice USA (NYSE: ATUS) today reports results for the second quarter ended June 30, 2021.

Residential Video RGUs: Reported quarterly video net losses were -48k in Q2 2021 (or -36k when including 12k Morris Broadband video subscribers acquired inorganically) compared to -35k video net losses in Q2 2020 (vs. -21k in Q2 2019 and -24k in Q2 2018).

Residential Customers (in thousands):

             Q1-20    Q2-20  Q3-20(1)    Q4-20  FY-20(1)    Q1-21  Q2-21(2)(3)
           -------  -------  --------  -------  --------  -------  -----------
Broadband  4,237.4  4,307.8   4,363.5  4,359.2   4,359.2  4,370.8      4,401.3
Video      3,137.5  3,102.9   3,035.1  2,961.0   2,961.0  2,906.6      2,870.5
Telephony  2,359.8  2,337.1   2,279.5  2,214.0   2,214.0  2,161.2      2,118.4

(1) Q3-20 and FY-20 figures include Service Electric Cable T.V. of New Jersey acquired subscribers. Q3-20 Service Electric subscribers added 34.4k residential customer relationships, 29.7k broadband, 18.6k video, and 5.9k voice.
(2) Q2-21 figures include Morris Broadband, LLC acquired subscribers. Q2-21 Morris Broadband subscribers added 35.1k residential customer relationships, 30.3k broadband, 12.2k video, and 2.2k voice.
(3) Customer metrics as of June 30, 2021 include approximately 7k residential customers that were not disconnected pursuant to the New York legislation enacted in May 2021 that required us to maintain broadband, video and voice services for non-paying customers and offer deferred payment plans to customers experiencing financial difficulty. The NY Order was lifted at the end of June 2021, coinciding with the end of the declared COVID-19 State of Emergency in New York, and we have subsequently resumed normal disconnect policies. Customer metrics as of June 30, 2021 also include approximately 3.7k residential customers impacted by storms in Louisiana in 2020 that have not been disconnected pursuant to our normal disconnect policies.