Altice Sees Broadband Business Slide Slowing
Altice USA's broadband business is starting to stabilize, CEO Dennis Mathew said Thursday as the company announced its Q2 financial results. The 35,000 broadband subscriber losses in Q2 were an improvement both year over year and compared with Q1, Mathew…
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said, chalking it up to better retention efforts, improved sales performance and network investments. He said churn was also down. Altice ended Q2 with 3.9 million residential broadband subscribers, versus 4.1 million in Q2 2024; and 1.7 million residential video subscribers, versus 2 million. It had 546,000 mobile lines, compared with 385,000 a year earlier. The addition of 38,000 mobile lines in the quarter was down from Q1 in the face of ongoing competitive and macroeconomic pressures, Mathew said. The company expects to see mobile growth year over year in the back half of 2025, he added. Revenues were $2.2 billion for the quarter, down $100 million.