Altice Usa, INC

Market Movers (8-K)

Optimum Communications, Inc. announced the entry into a Second Amended and Restated Credit Agreement, securing an additional $250 million in incremental term loan commitments.
Capital raise
Optimum Communications, Inc. successfully concluded its 2026 Annual Meeting, confirming the re-election of its Board of Directors and the appointment of KPMG LLP as auditors.
Optimum Communications announces a series of transactions to protect stakeholder value and position the company for debt restructuring discussions, including forming a new subsidiary, raising capital, and launching a tender offer for common stock.
Capital raise
Optimum Communications announced its first quarter 2026 financial results, reporting a net loss of $2.88 billion, largely due to a significant non-cash impairment charge.
Worse than expected
Optimum Communications announces the transition of EVP and General Counsel Michael E. Olsen to a new advisory role ahead of his 2027 retirement.
Optimum Communications, Inc. approved deferred cash awards for key executives and moved to quarterly bonus assessments as part of its 2026 long-term incentive program.

Quarterly Earnings (10-Q)

Optimum Communications reports a $2.88 billion net loss for Q1 2026, driven by a $2.7 billion non-cash impairment charge on cable franchise rights.
Worse than expected
Capital raise
Optimum Communications, formerly Altice USA, reported a significant net loss in the third quarter of 2025, primarily driven by a substantial impairment charge on cable franchise rights, despite growth in mobile services.
Worse than expected
Capital raise
Altice USA reported a significant net loss and revenue decline in Q2 2025, driven by customer losses in core services, despite growth in mobile and fiber-to-the-home segments.
Capital raise
Worse than expected
Altice USA's Q1 2025 revenue decreased by $98.7 million year-over-year, primarily due to declines in residential video and broadband services.
Worse than expected
Altice USA's Q3 2024 results show a decrease in revenue and adjusted EBITDA compared to the same period last year, driven by declines in broadband and video subscribers.
Worse than expected
Altice USA's Q2 2024 results show a decrease in revenue and net income, alongside strategic debt management and ongoing network investments.
Worse than expected

Annual Reports (10-K)

Optimum Communications reports a significant net loss and negative free cash flow for 2025, coupled with substantial debt maturities in 2027 that raise 'going concern' doubts.
Delay expected
Worse than expected
Capital raise
Altice USA's 2024 annual report reveals a decrease in revenue and net loss, with a strategic emphasis on expanding its FTTH network and mobile services to enhance customer experience.
Worse than expected
Delay expected
Capital raise
Altice USA has filed an amendment to its annual report to correct a minor error in the auditor's report for its subsidiary, CSC Holdings, with no changes to the financial statements.
Altice USA's 2023 annual report reveals a decrease in revenue and adjusted EBITDA, alongside strategic investments in fiber and mobile services.
Worse than expected
Capital raise

Insider Trading (Form 4)

Michael Olsen, General Counsel and CCRO of Optimum Communications, Inc., reported transactions involving Class A common stock, including tax withholdings and sales under a Rule 10b5-1 plan.
Director Dexter Goei contributed 2,610,400 shares of Optimum Communications Class A common stock to a subsidiary in exchange for preferred units.
Optimum Communications CFO Marc Sirota exchanged 296,000 shares of Class A common stock for 740 Preferred Units in a subsidiary.
Optimum Communications President Michael C. Parker exchanged 218,800 shares of Class A common stock for 547 Preferred Units in a subsidiary.
General Counsel Michael Olsen reports a share contribution to a subsidiary and a planned sale of Class A common stock.
Director Raymond Svider contributed 82,800 shares of Optimum Communications Class A common stock to a subsidiary in exchange for preferred units.

Proxy Statements (Def-14A)

Optimum Communications, Inc. has released its 2026 proxy statement detailing director elections, executive compensation, and governance practices.
Worse than expected
Capital raise
Altice USA, Inc. has filed a definitive proxy statement with the SEC.
Altice USA's proxy statement details proposals for the 2025 annual meeting, including officer exculpation, director elections, executive compensation, and auditor ratification.
Altice USA has filed a proxy statement with the Securities and Exchange Commission.
Altice USA will hold its annual stockholder meeting virtually on June 12, 2024, to elect directors and ratify the appointment of its independent auditor.

Schedule 13G - Passive Investments

Kite Lake Capital Management and its affiliates have reported beneficial ownership of 9,541,544 shares of Optimum Communications, Inc. Class A Common Stock, representing 3.3% of the class.
Investment group Dark Mirage, LP and affiliates have reported a 5.4% beneficial ownership stake in Optimum Communications, Inc.
Patrick Drahi has filed a Schedule 13G detailing his beneficial ownership of Optimum Communications, Inc. Class A and Class B common stock, representing a significant stake.
Millennium Management LLC, Millennium Group Management LLC, and Israel A. Englander have jointly filed a Schedule 13G, reporting beneficial ownership of 9,523,665 shares of Optimum Communications, Inc. Class A Common Stock, representing 3.2% of the class.
Deutsche Bank AG and its subsidiary have reported a 5.2% beneficial ownership stake in Optimum Communications, Inc. via a Schedule 13G filing.
The Vanguard Group has reported a 0% beneficial ownership in Optimum Communications Inc. following an internal organizational realignment.