Key Points
- Total revenue: $2.11 billion (-5.4% year-over)
- Net loss: $1.63 billion
- Broadband revenue: $873 million (-4.4%)
- Video revenue: $645 million (-9.8%)
- Broadband subscribers: 4.2 million (-1.5%)
- Video subscribers: 1.67 million (-14%)
- Mobile revenue: $42 million (+38.3%)
- Mobile lines served: 584,000 (+39%)
- News & advertising revenue: $106 million (-10%)
- Read more Q3 2025 media earnings coverage
Altice USA is relaunching its brand to better align with its Optimium cable and Internet services, the company announced on Thursday.
On Friday, Altice USA will become Optimum Communications, a move that will also see the company’s stock symbol change to OPTU later this month. Operationally, Optimum’s ownership structure, leadership and day-to-day services will not change, executives affirmed in a statement.
“This is more than a name change – it’s a reflection of who we are and where we are going,” said Dennis Mathew, the Chairman and CEO of Optimum, said in a statement. “As we accelerate our transformation and deepen our commitment to our customers, employees and communities, aligning our corporate identity with the strong Optimum brand underscores our focus on simplicity, performance, and purpose. It’s an incredibly exciting time for the organization as it enters its next chapter as one unified Optimum.”
Altice USA has offered cable services under several different names during its history, including Cablevision and Suddenlink. The company and its assets were acquired by French multinational corporation Altice in 2015, but spun out into a separate, uninvolved entity three years later. It has continued to use the Altice USA branding since.
The name change coincided with the release of Altice USA’s third quarter (Q3) earnings for the year, which showed ongoing subscriber losses in nearly all of its business units. During Q3, the company lost 61,000 subscribers, bringing the total number of customers served to 1.67 million, and 58,000 broadband disconnects, ending the quarter with 4.2 million broadband subscribers.
Revenue-wise, Altice USA saw its broadband earnings dip to $873 million (down 4.4 percent) and its video revenue decline to $645 million (down 9.8 percent). Total revenue clocked in at $2.11 billion, down 5.4 percent.
Stock Price
Altice USA’s troubles in both businesses are a continuation of a trend that other cable and broadband Internet providers have experienced in recent quarters, as cheaper streaming services and bundled broadband offerings from wireless providers cut into the lead that land-based service companies have enjoyed for years.
Curiously, nearly all broadband companies have seen gains in their wireless phone offerings during the same time period, and Altice USA was no different, adding 38,000 new wireless lines during Q3 to end the period with 584,000 total wireless lines served. (The number of lines doesn’t necessarily correlate with the amount of customers using its wireless product, since some subscribers have multiple lines of service.)
Total revenue from Altice USA’s operations during Q3 was $2.11 billion, down 5.4 percent compared to last year, while the company’s net loss attributed to shareholders was $1.6 billion, almost all of which was related to cable franchise rights agreements.
“In the third quarter, we delivered record gross margin performance and improved operational efficiencies, reaffirmed our full-year Adjusted EBITDA outlook, continued to elevate our customer and network experience, and achieved a milestone of over 700 thousand fiber customers,” Mathew said on Thursday. “At the same time, we faced intense competition and a sustained low-growth environment, which resulted in softer broadband subscriber trends.”
Mathew affirmed that Altice USA — soon Optimum Communications — will continue to evolve its go-to-market and base management strategies to “strengthen our broadband performance and improve our revenue trajectory in this highly competitive landscape.”
“We remain unwavering in our discipline and focus as we continue to build a more resilient business, positioned for sustainable, long-term growth and enhanced value for our shareholders,” he affirmed.
