initial public offerings (IPOs) trading on American exchanges

Thursday, November 2, 2017

=Altice USA (ATUS) reported earnings on Thur 2 Nov 2017 (a/h)



Altice USA Financial Highlights
  • Revenue growth of +3.2% YoY in Q3 2017 excluding Newsday; reported revenue growth +3.0% YoY in Q3 2017
  • Adjusted EBITDA grew +18.9% YoY in Q3 2017; Adjusted EBITDA margin increased 5.8 percentage points YoY to 44.1%
  • Adjusted EBITDA less capex (Operating Free Cash Flow2) grew +13.9% YoY in Q3 2017 (YTD 2017 OpFCF margin of 32.8% vs. 25.6% in FY 2016) showing very strong cash flow conversion
  • Description

    Altice USA, Inc. is engaged in providing broadband communications and video services in the United States. The Company’s segments include Cablevision and Cequel. Cablevision provides broadband, pay television and telephony services to residential and business customers in and around the New York metropolitan area. Cequel provides broadband, pay television and telephony services to residential and business customers in the south-central United States. It also provides services through ten states of Texas, West Virginia, Louisiana, Arkansas, North Carolina, Oklahoma, Arizona, California, Missouri and Ohio. The Company also provides Wi-Fi hotspot access content and advertising services. Broadband provides services, such as video streaming, content downloading for time-shifted video consumption and other applications delivered over OTT platforms. Pay Television provides services through cable network. Video services delivered over DSL networks.

Key stats and ratios

Q2 (Jun '17)2016
Net profit margin-20.39%-13.82%
Operating margin-13.08%5.52%
EBITD margin-39.89%
Return on average assets-5.28%-
Return on average equity-63.90%-
Employees15,300

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