Altice USA, Inc. (ATUS) Bundle
An Overview of Altice USA, Inc. (ATUS)
General Summary of Altice USA, Inc. (ATUS)
Altice USA, Inc. (ATUS) is a leading telecommunications and media company, formed in 2016 when Altice N.V. acquired Cablevision Systems Corporation. The company operates as a cable operator, providing high-speed broadband, video, and telephony services to residential and business customers. As of 2024, Altice USA serves approximately 4.6 million customers across its service areas, which include New York, New Jersey, and Connecticut.
Altice USA's product offerings encompass:
- Broadband Internet
- Cable Television
- Telephony Services
- Mobile Services
- Advertising Solutions
The company reported total sales of approximately $6.72 billion for the nine months ended September 30, 2024, marking a decrease from $6.94 billion in the same period in 2023.
Company's Financial Performance in the Latest Financial Reports
In the latest financial reporting for the nine months ended September 30, 2024, Altice USA experienced a net loss of $32.72 million, compared to a net income of $192.83 million for the same period in 2023. Key financial metrics include:
| Metric | 2024 | 2023 |
|---|---|---|
| Revenue | $6.72 billion | $6.94 billion |
| Net Income (Loss) | $(32.72 million) | $192.83 million |
| Adjusted EBITDA | $2.57 billion | $2.71 billion |
| Operating Income | $1.34 billion | $1.40 billion |
| Free Cash Flow (Deficit) | $99.50 million | $(79.38 million) |
Revenue from broadband services amounted to $2.75 billion, a decline from $2.88 billion in the prior year, while video revenue also decreased to $2.21 billion from $2.32 billion. Altice USA's total debt stood at approximately $25.05 billion as of September 30, 2024.
Introduction to Altice USA as a Leader in the Industry
Altice USA is recognized as one of the leading telecommunications companies in the United States. With a robust infrastructure and a commitment to innovation, the company continues to be a significant player in the broadband and media sectors. As of 2024, Altice USA is focused on expanding its fiber network and enhancing its customer offerings, positioning itself for future growth in an increasingly competitive landscape.
To understand more about Altice USA’s success and its strategies, further details can be explored below.
Mission Statement of Altice USA, Inc. (ATUS)
Mission Statement of Altice USA, Inc. (ATUS)
Altice USA, Inc. (ATUS) is committed to delivering the highest quality communication services to its customers. The mission statement emphasizes a dedication to providing innovative solutions that enhance the customer experience while driving operational excellence and sustainable growth.
Core Component 1: Customer Centricity
The first core component of Altice USA's mission statement is a strong focus on customer centricity. This involves understanding and anticipating customer needs and delivering tailored solutions that meet those needs. In 2024, Altice USA reported a total of 4,595.9 thousand total customer relationships, which include both residential and SMB customers. The company aims to enhance customer satisfaction by improving service delivery and support, reflected in the average revenue per user (ARPU), which was $135.77 as of September 30, 2024 .
Core Component 2: Innovation and Technology
The second component focuses on innovation and the use of advanced technology to deliver superior services. Altice USA continues to invest in its network infrastructure, reporting capital expenditures of $1,042,975 for the nine months ended September 30, 2024, aimed at expanding and enhancing its fiber-based telecommunications services . The company's commitment to innovation is also evident in its mobile services, which saw a revenue increase of 50% for the third quarter of 2024 compared to the previous year.
Core Component 3: Operational Excellence
The final core component is operational excellence, which involves optimizing processes and improving efficiency across all operations. For the nine months ended September 30, 2024, Altice USA reported operating income of $1,339,329 thousand, showcasing its ability to manage costs while maintaining revenue growth . This operational focus is critical in a competitive market, allowing the company to sustain profitability and invest in future growth opportunities.
| Financial Metrics | Q3 2024 | Q3 2023 | Change |
|---|---|---|---|
| Total Customer Relationships (in thousands) | 4,595.9 | 4,772.6 | -3.7% |
| Average Revenue Per User (ARPU) | $135.77 | $138.42 | -1.2% |
| Capital Expenditures (in thousands) | $1,042,975 | $1,409,561 | -26.0% |
| Operating Income (in thousands) | $1,339,329 | $1,399,678 | -4.3% |
Vision Statement of Altice USA, Inc. (ATUS)
Vision Statement Overview
As of 2024, Altice USA, Inc. (ATUS) aims to transform the way people connect and communicate by offering innovative solutions and services in the telecommunications and media sectors. The company focuses on enhancing customer experiences through advanced technology and reliable connectivity.
Customer-Centric Innovation
Altice USA emphasizes a strong commitment to customer-centric innovation as a key component of its vision. The company aims to leverage cutting-edge technology to deliver high-quality broadband, video, and telephony services. In 2024, Altice reported a total revenue of $6.72 billion for the nine months ended September 30, 2024, showcasing its position as a leading service provider.
Commitment to Sustainability
Another critical element of Altice USA's vision is its commitment to sustainability and responsible business practices. The company has set ambitious goals to reduce its carbon footprint and enhance energy efficiency across its operations. In 2024, Altice USA's capital expenditures were approximately $1.04 billion for the nine months ended September 30, demonstrating its investment in sustainable infrastructure.
Community Engagement and Development
Altice USA's vision also encompasses a strong commitment to community engagement and development. The company seeks to foster positive relationships with the communities it serves by investing in local initiatives and providing resources for education and digital literacy. Altice reported a decrease in net cash provided by operating activities, amounting to $1.14 billion for the nine months ended September 30, 2024, compared to $1.33 billion in the same period of 2023.
Technological Leadership
Technological leadership is a cornerstone of Altice USA's vision. The company is dedicated to staying ahead of technological advancements to provide customers with the best possible service. In 2024, Altice USA reported adjusted EBITDA of $2.58 billion for the nine months ended September 30, indicating its robust operational performance.
Table of Financial Performance Metrics (2024)
| Metric | Value (in millions) |
|---|---|
| Total Revenue | $6,719.39 |
| Net Income (Loss) | $(40.84) |
| Adjusted EBITDA | $2,575.71 |
| Capital Expenditures | $1,042.98 |
| Net Cash Provided by Operating Activities | $1,142.48 |
Strategic Partnerships and Collaborations
Altice USA's vision includes the formation of strategic partnerships and collaborations to enhance service offerings. By working with technology leaders and content providers, Altice aims to create a more comprehensive and engaging customer experience. The company continues to invest in its network infrastructure, with total debt reported at approximately $25.05 billion as of September 30, 2024.
Future Outlook
Looking forward, Altice USA is focused on expanding its market presence while enhancing service delivery through innovation and sustainability initiatives. The company aims to maintain its competitive edge in the telecommunications industry by continuously improving its service offerings and customer engagement strategies.
Core Values of Altice USA, Inc. (ATUS)
Core Value: Customer Commitment
Altice USA, Inc. prioritizes customer commitment by striving to deliver high-quality service and enhance customer satisfaction.
In 2024, the company reported total customer relationships of approximately 4.6 million, with a significant focus on improving broadband service delivery. The average revenue per user (ARPU) stood at $135.77, reflecting the company's ongoing efforts to provide value to its customers .
Altice implemented a series of initiatives aimed at enhancing customer experience, including the deployment of advanced customer service technologies and personalized support programs. For instance, the company invested $1.04 billion in capital expenditures for network improvements and customer premise equipment.
Core Value: Innovation
Innovation is a cornerstone of Altice USA's strategy, driving the development of new products and services.
The company has made substantial investments in technology, with capital expenditures reaching $1.04 billion for the nine months ended September 30, 2024, primarily focused on upgrading its network infrastructure. This includes enhancements in fiber-to-the-home (FTTH) services, which saw significant growth, with total FTTH customer relationships reaching 481,600 .
In addition, Altice has pursued partnerships and collaborations to foster innovation, particularly in the realms of digital advertising and mobile services. News and advertising revenue increased by 9% year-over-year, highlighting the success of its innovative advertising solutions.
Core Value: Accountability
Accountability is integral to Altice USA’s corporate culture, ensuring that the company remains transparent and responsible in its operations.
As of September 30, 2024, Altice reported a net loss of $40.8 million, which the company attributed to increased interest expenses and operational challenges . The company has committed to addressing these issues through enhanced financial controls and strategic oversight.
Furthermore, the company’s debt management strategy involves regular assessments of its financial health, with total debt standing at approximately $25.05 billion . Altice aims to maintain compliance with its financial covenants and improve its leverage ratios by effectively managing cash flow and capital expenditures.
Core Value: Community Engagement
Community engagement is a vital aspect of Altice USA’s operations, reflecting its commitment to social responsibility and local involvement.
In 2024, the company has actively participated in various initiatives aimed at supporting local communities, including investments in educational programs and digital literacy campaigns. Altice has allocated resources towards enhancing broadband access in underserved areas, contributing to its goal of bridging the digital divide.
Altice's community initiatives have also included disaster response efforts, particularly following Hurricane Helene, where the company mobilized resources to restore services and support affected communities.
Core Value: Integrity
Integrity underpins all of Altice USA's business dealings, ensuring ethical practices and compliance with regulations.
The company maintains strict adherence to industry standards and regulatory requirements, with ongoing training programs for employees focusing on ethical business conduct. The commitment to integrity is reflected in its comprehensive compliance framework, which includes regular audits and assessments to mitigate risks.
Altice's financial disclosures are transparent, with detailed reporting on its operational performance and financial standing, including a comprehensive overview of its debt structure and interest expenses .
| Financial Metrics | Q3 2024 | Q3 2023 |
|---|---|---|
| Total Revenue | $2,227,700 | $2,317,200 |
| Net Income (Loss) | $(40,835) | $75,515 |
| Total Debt | $25,052,672 | $24,715,554 |
| Capital Expenditures | $1,042,975 | $1,409,561 |
| Average Revenue Per User (ARPU) | $135.77 | $138.42 |
Altice USA, Inc. (ATUS) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Updated on 16 Nov 2024
Resources:
- Altice USA, Inc. (ATUS) Financial Statements – Access the full quarterly financial statements for Q1 2025 to get an in-depth view of Altice USA, Inc. (ATUS)' financial performance, including balance sheets, income statements, and cash flow statements.
- SEC Filings – View Altice USA, Inc. (ATUS)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.