Altice USA reports Q4 GAAP EPS (43c) vs. 56c y/y

Reports Q4 revenue $2.37B consensus $2.40B. Q4 adjusted EBITDA declined 15.7% YoY to $913.3M. Dennis Mathew, Altice USA CEO, said: "In the full year 2022, we made great progress against our key initiatives and began to see the benefits of our increased investments, notably around our fiber network expansion, accelerated new build activity, execution of the Suddenlink rebrand to Optimum, improvements in customer care and growing our distribution channels. We are pleased with our momentum as demonstrated by the sequential improvement in our subscriber trends in the fourth quarter. Looking ahead, we have a clear strategy centered around growing our broadband and mobile businesses by delivering best-in-class customer and employee experiences and we are committed to executing with discipline, setting us on a path to return to sustainable customer, revenue, and cash flow growth."