Altice USA residential video RGUs down 77,700 in 1Q 2024

NEW YORK — Altice USA (NYSE: ATUS) today reports results for the first quarter ended March 31, 2024.

First Quarter 2024 Key Operational Highlights

Strong Fiber Net Adds; Reaching 395k Fiber Customers, an +88% increase in total fiber customers compared to Q1 2023

• Optimum’s best quarter for fiber customer net additions of +53k in Q1 2024, driven by increased migrations of existing customers and fiber gross additions.
• Penetration of the fiber network reached 14.2% at the end of Q1 2024, up from 8.8% at the end of Q1 2023.

Total Broadband Primary Service Units (PSUs) net losses of -30k

• Broadband net losses were -30k in Q1 2024, compared to -19k in Q1 2023.

Customer Metrics

Residential KPIs – Video – In thousands (unaudited)

                 Q1-22    Q2-22    Q3-22    Q4-22    Q1-23    Q2-23    Q3-23    Q4-23    Q1-24
               -------  -------  -------  -------  -------  -------  -------  -------  -------
Total          2,658.7  2,574.2  2,491.8  2,439.0  2,380.5  2,312.2  2,234.6  2,172.4  2,094.7
Net additions   (73.6)   (84.5)   (82.4)   (52.8)   (58.6)   (68.3)   (77.6)   (62.2)   (77.7)