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Optimum Communications, Inc., together with its subsidiaries, provides broadband communications and video services under the Optimum brand in the United States, Canada, Puerto Rico, and the Virgin Islands. It provides broadband, video, telephony, and mobile services to residential and business customers. The company's video services include delivery of broadcast stations and cable networks; over the top services; video-on-demand, high-definition channels, digital video recorder, and pay-per-view services; and video programming services. It also provides voice over Internet protocol telephone services; local, regional, and long-distance calling services; and mobile services, such as data, talk, and text. In addition, the company offers Ethernet, data transport, IP-based virtual private networks, Internet access, and telephony services; hosted telephony services, managed Wi-Fi, managed desktop and server backup, and collaboration services comprising audio and web conferencing; fiber-to-the-tower services to wireless carriers; data services, including wide area networking and dedicated data access, and advanced services comprising wireless mesh networks; and enterprise class telephone services that include traditional multi-line phone service. Further, it provides hosted private branch exchange, technical support, network solutions, security and network access and equipment for SMB customers, and international calling and toll-free numbers services. Additionally, the company offers audience-based and multiscreen advertising solutions; news programming services; and data analytics, as well as operates news channels under the News 12 Networks names. Optimum Communications, Inc. was formerly known as Altice USA, Inc. and change its name to Optimum Communications, Inc. in November 2025. The company was incorporated in 2015 and is headquartered in Long Island City, New York.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $8.6B | $1.6B | $-1.9B | $-118M | 81.5% | -4.1% | - |
| 2024 | $9.0B | $3.3B | $-103M | $47M | 22.5% | -3.1% | -293.5% |
| 2023 | $9.2B | $3.4B | $53M | $121M | -12.2% | -4.3% | -72.7% |
| 2022 | $9.6B | $3.6B | $195M | $453M | -38.6% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 9,647.66 | 9,237.06 | 8,954.42 | 8,590.47 |
| Cost Of Revenue | 3,205.64 | 3,029.84 | 2,896.57 | 2,637.18 |
| Gross Profit | 6,442.02 | 6,207.22 | 6,057.85 | 5,953.29 |
| Operating Expense | 4,509.14 | 4,290.56 | 4,354.06 | 4,378.71 |
| Operating Income | 1,932.88 | 1,916.67 | 1,703.79 | 1,574.57 |
| EBITDA | 3,622.04 | 3,401.98 | 3,323.05 | 1,558.48 |
| EBIT | 1,848.37 | 1,757.68 | 1,680.82 | -138.49 |
| Pretax Income | 516.73 | 118.56 | -82.35 | -1,929.95 |
| Tax Provision | 295.84 | 39.53 | -4.07 | -96.91 |
| Net Income | 194.56 | 53.20 | -102.92 | -1,869.02 |
| Net Income Common Stockholders | 194.56 | 53.20 | -102.92 | -1,869.02 |
| Total Expenses | 7,714.78 | 7,320.40 | 7,250.63 | 7,015.90 |
| Interest Expense | 1,331.64 | 1,639.12 | 1,763.17 | 1,791.46 |
| Interest Income | 0 | 0 | 0 | 0 |
| Normalized EBITDA | 3,715.09 | 3,565.90 | 3,340.34 | 3,268.49 |
| Normalized Income | 268.07 | 162.47 | -86.48 | -244.85 |
| Basic EPS | 0.43 | 0.12 | -0.22 | -4 |
| Diluted EPS | 0.43 | 0.12 | -0.22 | -4 |
| Tax Effect Of Unusual Items | -19.54 | -54.65 | -0.85 | -85.84 |
| Tax Rate For Calcs | 0.21 | 0.33 | 0.05 | 0.05 |
| Total Unusual Items | -93.05 | -163.92 | -17.30 | -1,710.01 |
| Total Unusual Items Excluding Goodwill | -93.05 | -163.92 | -17.30 | -1,710.01 |
| Net Income From Continuing Operation Net Minority Interest | 194.56 | 53.20 | -102.92 | -1,869.02 |
| Reconciled Depreciation | 1,773.67 | 1,644.30 | 1,642.23 | 1,696.97 |
| Reconciled Cost Of Revenue | 3,205.64 | 3,029.84 | 2,896.57 | 2,637.18 |
| Net Interest Income | -1,331.64 | -1,639.12 | -1,763.17 | -1,791.46 |
| Net Income From Continuing And Discontinued Operation | 194.56 | 53.20 | -102.92 | -1,869.02 |
| Total Operating Income As Reported | 1,802.59 | 1,701.94 | 1,680.09 | -112.56 |
| Diluted Average Shares | 453.28 | 455.03 | 459.89 | 467.78 |
| Basic Average Shares | 453.24 | 454.72 | 459.89 | 467.78 |
| Diluted NI Availto Com Stockholders | 194.56 | 53.20 | -102.92 | -1,869.02 |
| Minority Interests | -26.33 | -25.84 | -24.64 | -35.98 |
| Net Income Including Noncontrolling Interests | 220.89 | 79.04 | -78.28 | -1,833.05 |
| Net Income Continuous Operations | 220.89 | 79.04 | -78.28 | -1,833.05 |
| Other Income Expense | -84.51 | -158.98 | -22.97 | -1,713.07 |
| Other Non Operating Income Expenses | 8.54 | 4.94 | -5.67 | -3.05 |
| Special Income Charges | -130.86 | -210.33 | -36.60 | -1,710.63 |
| Gain On Sale Of Ppe | 0 | 0 | 0 | 55.11 |
| Other Special Charges | 113.08 | -4.39 | -4.92 | 28.56 |
| Impairment Of Capital Assets | 3.82 | 173.61 | 5.56 | 1,616.65 |
| Restructuring And Mergern Acquisition | 13.96 | 41.12 | 35.96 | 120.54 |
| Gain On Sale Of Security | 37.81 | 46.41 | 19.30 | 0.62 |
| Net Non Operating Interest Income Expense | -1,331.64 | -1,639.12 | -1,763.17 | -1,791.46 |
| Interest Expense Non Operating | 1,331.64 | 1,639.12 | 1,763.17 | 1,791.46 |
| Interest Income Non Operating | 0 | 0 | 0 | 0 |
| Other Operating Expenses | 2,735.47 | 2,646.26 | 2,711.83 | 2,681.74 |
| Depreciation Amortization Depletion Income Statement | 1,773.67 | 1,644.30 | 1,642.23 | 1,696.97 |
| Depreciation And Amortization In Income Statement | 1,773.67 | 1,644.30 | 1,642.23 | 1,696.97 |
| Operating Revenue | 9,600.77 | 9,188.58 | 8,895.02 | 8,512.13 |
Communication Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| OPTUthis co. | OPTU | - | - | -0.31 | 81.5% | 8.02 |
| ZipRecruiter, Inc. | ZIP | $233M | - | -3.13 | 42.7% | -26.72 |
| Crexendo, Inc. | CXDO | $209M | 41.00 | 3.19 | 7.9% | 23.83 |
| CuriosityStream Inc. | CURI | $183M | - | 4.38 | -15.5% | 21.55 |
| The Arena Group Holdings, Inc. | AREN | $109M | 3.83 | -22.77 | -2587.7% |
| 4.50 |
| Travelzoo | TZOO | $106M | 25.63 | -14.16 | -194.0% | 15.89 |
| Gaia, Inc. | GAIA | $75M | - | 0.85 | -4.4% | 30.55 |
| Vivid Seats Inc. | SEAT | $69M | - | -0.79 | 504.3% | -52.17 |
| PLAYSTUDIOS, Inc. | MYPS | $53M | - | 0.23 | -12.6% | -2.44 |
| Peer Median | - | 25.63 | -0.28 | -8.5% | 10.20 | |