Altice USA residential video RGUs down 58,600 in 1Q 2023

NEW YORK — Altice USA (NYSE: ATUS) today reports results for the first quarter ended March 31, 2023.

Key Operational Highlights

Total Fiber Broadband PSUs: Quarterly Fiber (FTTH) broadband net additions were +38k in Q1 2023, our best quarter for fiber net adds and more than three times the growth compared to Q1 2022 (+11k). Fiber broadband net adds were driven by both higher fiber gross additions and increased migrations of existing customers. Total fiber broadband customers reached 210k as of the end of Q1 2023.

Customer Metrics

Residential KPIs – Video – In thousands (unaudited)

                 Q2-21    Q3-21    Q4-21    Q1-22    Q2-22    Q3-22    Q4-22    Q1-23
               -------  -------  -------  -------  -------  -------  -------  -------
Total          2,870.5  2,803.0  2,732.3  2,658.7  2,574.2  2,491.8  2,439.0  2,380.5
Net additions   (36.1)   (67.5)   (70.7)   (73.6)   (84.5)   (82.4)   (52.8)   (58.6)