Altice USA continues to post relatively small video subscriber losses compared to some of its counterparts like AT&T and Comcast.
During the third quarter, Altice USA posted a net loss of 32,000 video subscribers, up slightly from 28,000 in the third quarter of 2018. The company said that on an adjusted basis, accounting for the impact the operational and business support systems migration taking place as part of the Optimum and Suddenlink integration, video subscriber net losses totaled 28,000.
Altice is continuing to migrate more customers onto its next-gen video platform, Altice One. The operator said it now has 492,000 unique Altice One customers, or approximately 15% of total video customers, up from 7% at the end of the year-ago quarter.
“In the third quarter, Altice USA made significant progress against our strategic growth initiatives, including the launch of Altice Mobile, further adoption of Altice One, completion of the Suddenlink and Optimum integration through the BSS/OSS transformation, capital structure simplification, and ongoing construction of our fiber to the home network. We're pleased that our customer-focused initiatives are already contributing to strong underlying customer trends, reflecting the benefits of our increased investments in our networks, products and the customer experience,” said Altice USA CEO Dexter Goei in a statement.
Altice USA’s consolidated revenues for the third quarter only rose slightly, up year over year to $2.44 billion. The increase was driven by residential revenue growth of 0.5% and business services revenue growth of 3.9%, while being partially offset by news and advertising revenue declining 4.7%. Adjusted EBITDA remained flat year over year at $1.07 billion.