Altice USA reports video customer losses of 24K, 5.1% revenue bump in Q4

Altice CEO Dexter Goei and founder Patrick Drahi
Altice USA Chief Executive Dexter Goei and Altice founder Patrick Drahi (right). (Ben Stanton for Altice)

Altice USA reported a 5.1% revenue uptick in the fourth quarter, despite only marginal customer growth across its Optimum and Suddenlink Communications cable operations.

The European conglomerate, which will hold its Q4 earnings call with investors Thursday morning, reported that its Optimum operation (formerly known as Cablevision before a $17.7 billion purchase by Altice that closed last year) added around 15,000 broadband “revenue generating units” (RGUs) in the fourth quarter. 

Optimum also lost 15,000 video customers. In the fourth quarter of 2015, the New York operator added 24,000 broadband users and lost only 10,000 video RGUs.

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For its Suddenlink Communications operation, which was acquired at roughly the same time, Altice reported 19,000 broadband customer additions and video subscriber losses of 9,000 for the fourth quarter. Suddenlink added 21,000 high-speed data users and lost only 1,000 video customers in the fourth quarter of 2015. 

The combined revenue growth exceeded the 1.2% Q4 uptick experienced by Cablevision and Suddenlink in the fourth quarter of 2015, several months before Altice took over both operations. 

Optimum reported revenue growth of 4.4%, while Suddenlink grew at a 6.7% pace in Q4 2016.