Key Financial Data
- Q2 Total revenue: $2.02 billion (-5.8% year-over)
- Residential revenue: $1.54 billion (-6.7%)
- Broadband revenue: $840.9 million (-5.0%)
- Video revenue: $587.8 million (-11.0%)
- Land-based phone revenue: $56.3 million (-12.9%)
- Mobile revenue: $52.6 million (+39.7%)
- News and Advertising revenue: $100.0 million (-15.8%)
- Operating income: $166.0 million (-46.6%)
- Net loss: $282.1 million
- Residential ARPU: $132.22 (-1.1%)
- Convergence ARPU: $79.80 (+2.4%)
- Total customer relationships: 4.22 million
- Residential customer relationships: 3.86 million
- Business customer relationships: 362,500
- Total customer losses: 46,100, compared with 43,600
- Total broadband subscribers: Approximately 4.05 million
- Residential broadband subscribers: 3.71 million
- Business broadband subscribers: 335,400
- Residential video subscribers: 1.53 million
- Residential video subscriber losses: 44,100
- Mobile lines: 724,000
- Mobile line net additions: 49,900
- Read more Q2 2026 earnings coverage | Optimum coverage
Optimum, the telecommunications company formerly known as Altice USA, reported lower overall revenue and a wider financial loss during the second quarter (Q2) of the year as the company continued to face pressure in its pay television and broadband businesses.
Total revenue fell 5.8 percent to $2.02 billion during the quarter ended June 30, down from $2.15 billion a year earlier. Residential revenue declined 6.7 percent to $1.54 billion.
Broadband revenue decreased 5 percent to $840.9 million, while video revenue fell 11 percent to $587.8 million. Telephony revenue declined nearly 13 percent to $56.3 million.
Mobile remained a bright spot, with revenue increasing nearly 40 percent to $52.6 million. Optimum added 49,900 mobile lines during the quarter, compared with 37,800 additions one year earlier, bringing its total to 724,000 lines served. (As with other broadband providers, some Optimum mobile customers have multiple lines of service on a single account.)
Optimum lost approximately 40,000 broadband subscribers during the quarter, compared with 35,000 a year earlier. The company ended the quarter with 4.05 million broadband customer relationship, including 3.71 million residential subscribers and 335,400 business subscribers. Residential broadband losses totaled 35,300, roughly in line with the year-ago period.
Approximately 44,100 Optimum TV customers cut the cord during the quarter, though it was an improvement from the 56,100 customers who churned out of Optimum’s pay TV service during the same period last year.
“We are sharpening our go-to-market approach, deepening customer relationships through convergence, and transforming the customer experience to support stronger broadband performance over time,” Optimum CEO Dennis Mathew said in a statement on Thursday.
Optimum said it is focused on expanding its land-based broadband network,adding 68,200 passings during Q2. Its fiber-to-the-home footprint reached nearly 749,000 customer relationships after adding 19,800 during the period.
The company ended June with $25.33 billion in consolidated net debt. Mathew said strengthening Optimum’s financial foundation remains a top priority as the company works to improve long-term broadband performance.
