Altice USA residential video RGUs down 77,000 in 3Q 2024

NEW YORK — Altice USA (NYSE: ATUS) today reports results for the third quarter ended September 30, 2024.

Third Quarter 2024 Key Operational Highlights

Strong Fiber Net Adds Reaching 482k Fiber Customers, a +63% Increase in Total Fiber Customers Compared to Q3 2023

• Fiber customer growth continued in Q3 2024 with +47k fiber net additions, of which 73% were driven by migrations of existing customers
• Fiber network penetration reached 16.6% at the end of Q3 2024, up from 10.8% at the end of Q3 2023

Strengthening Our Go-To-Market Strategy to Leverage Convergence Opportunities

• Simplified product offers and base management strategy to drive convergence and provide customers more value
• Evolved our video model with the introduction of new TV packages — Entertainment TV, Extra TV, & Everything TV — which drive higher margins via mutually beneficial programming agreements, offer consumers more content flexibility and are available alongside a customer’s favorite streaming services via Optimum Stream

Total Broadband Primary Service Units (PSUs) Net Losses of -50k(5)

• Broadband net losses were -50k(5) in Q3 2024, compared to -31k in Q3 2023

Customer Metrics

Residential KPIs – Video – In thousands (unaudited)

                 Q1-22    Q2-22    Q3-22    Q4-22
               -------  -------  -------  -------
Total          2,658.7  2,574.2  2,491.8  2,439.0
Net additions   (73.6)   (84.5)   (82.4)   (52.8)

                 Q1-23    Q2-23    Q3-23    Q4-23
                -------  -------  -------  -------
Total           2,380.5  2,312.2  2,234.6  2,172.4
Net additions    (58.6)   (68.3)   (77.6)   (62.2)

                 Q1-24    Q2-24    Q3-24    Q4-24
               -------  -------  -------  -------
Total          2,094.7  2,021.9  1,944.8
Net additions   (77.7)   (72.8)   (77.0)