November 6, 2018
Cable operator Altice USA reported third-quarter (ended Sept. 30) pay-TV subscriber losses of 28,000, which was more than 15% improvement from 33,000 subs lost in the previous-year period.
New York-based Altice USA, which was created as a separate entity following the 2016 acquisition of Suddenlink and Cablevision by Netherlands-based multinational telecom Altice, attributed the improvement to few sub losses (7,000) at Suddenlink than in the prior-year period (14,000).
Suddenlink ended period with 1.01 million pay-TV subs compared to nearly 1.05 million during the previous-year period. Cablevision ended with 2.3 million from 2.38 million.
Overall net income topped $33.7 million on revenue of $1.05 billion, compared to a loss of $192 million and $1.07 billion last year.