Altice USA residential video RGUs down 67,000 in 3Q 2021

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

Dexter Goei, Altice USA Chief Executive Officer, said: “Revenue trends in Advertising and Business Services continue to improve but our main focus in the near-term is returning to broadband customer growth and accelerating investment in our Residential business. Today we are announcing strategic measures to enhance the Company’s product portfolio and customer experience, including footprint expansion, fiber and network upgrades, as well as investments in simplified and converged offerings that support consumer needs, and a rapid expansion of sales distribution channels. I am optimistic that by advancing these key initiatives we will drive long term sustainable growth and value for all of our stakeholders.”

Residential Video RGUs

Quarterly video net losses were -67k in Q3 2021, compared to -86k video net losses in Q3 2020 (vs. -32k in Q3 2019).

Customer Metrics – Residential Customers – Video (in thousands):

  Q1-20    Q2-20   Q3-20*    Q4-20   FY-20*    Q1-21  Q2-21**    Q3-21
-------  -------  -------  -------  -------  -------  -------  -------
3,137.5  3,102.9  3,035.1  2,961.0  2,961.0  2,906.6  2,870.5  2,803.0

* 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.
** 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.