Altice USA turned in its second-quarter results and showed that its video subscriber losses have declined since last year.
The company posted 24,000 net video subscriber losses, down from 37,000 in the year-ago quarter. The improvement was attributed to “significant improvement” in Suddenlink’s performance (11,000 losses this quarter versus 25,000 losses one year ago) ahead of the full expansion for the Altice One rollout.
“Our residential video business is trending better year over year and we continue to see significant increases in data usage on our broadband network, driven mostly by video streaming across multiple devices in the home,” said Altice USA CEO Dexter Goei in a statement.
Altice said its residential average revenue per user (ARPU) increased 1% year over year to about $140, leading to residential revenue growth of 1% during the quarter and the company forecasting accelerated growth in the back half of 2018.
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In addition to business services revenue growth of 4.2%, Altice saw its advertising revenue grow a whopping 12.7% thanks to investment in multiscreen and national targeted audience capabilities. The company is using household data sets to offer an automated self-serve model for advertisers.
Overall, Altice’s second-quarter revenues rose 1.8% to $2.36 billion and adjusted EBITDA grew 1.5% to $1.01 billion.