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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 | 80.8% | -4.1% | 1716.0% |
| 2024 | $9.0B | $3.3B | $-103M | $47M | 21.9% | -3.1% | -293.5% |
| 2023 | $9.2B | $3.4B | $53M | $121M | -12.6% | -4.3% | -72.7% |
| 2022 | $9.6B | $3.6B | $195M | $453M | -40.9% | - | - |
| 2021 | - | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 9,647.66 | 9,237.06 | 8,954.42 | 8,590.47 |
| Operating Revenue | - | 9,600.77 | 9,188.58 | 8,895.02 | 8,512.13 |
| 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 |
| Total Expenses | - | 7,714.78 | 7,320.40 | 7,250.63 | 7,015.90 |
| Operating Income | - | 1,932.88 | 1,916.67 | 1,703.79 | 1,574.57 |
| Total Operating Income As Reported | - | 1,802.59 | 1,701.94 | 1,680.09 | -112.56 |
| EBITDA | - | 3,622.04 | 3,401.98 | 3,323.05 | 1,558.48 |
| Normalized EBITDA | - | 3,715.09 | 3,565.90 | 3,340.34 | 3,268.50 |
| EBIT | - | 1,848.36 | 1,757.68 | 1,680.82 | -138.49 |
| Interest Income | 0.16 | - | - | - | - |
| Interest Expense | - | 1,331.64 | 1,639.12 | 1,763.17 | 1,791.46 |
| Net Interest Income | - | -1,331.64 | -1,639.12 | -1,763.17 | -1,791.46 |
| Other Non Operating Income Expenses | - | 8.54 | 4.94 | -5.68 | -3.05 |
| Other Income Expense | - | -84.51 | -158.98 | -22.97 | -1,713.06 |
| Interest Income Non Operating | 0.16 | - | - | - | - |
| Interest Expense Non Operating | - | 1,331.64 | 1,639.12 | 1,763.17 | 1,791.46 |
| Net Non Operating Interest Income Expense | - | -1,331.64 | -1,639.12 | -1,763.17 | -1,791.46 |
| Pretax Income | - | 516.73 | 118.56 | -82.35 | -1,929.96 |
| Tax Provision | - | 295.84 | 39.53 | -4.07 | -96.91 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -19.54 | -54.65 | -0.85 | -85.84 |
| Net Income Continuous Operations | - | 220.89 | 79.04 | -78.28 | -1,833.05 |
| Net Income From Continuing And Discontinued Operation | - | 194.56 | 53.20 | -102.92 | -1,869.02 |
| Net Income From Continuing Operation Net Minority Interest | - | 194.56 | 53.20 | -102.92 | -1,869.02 |
| Net Income | - | 194.56 | 53.20 | -102.92 | -1,869.02 |
| Net Income Common Stockholders | - | 194.56 | 53.20 | -102.92 | -1,869.02 |
| Net Income Including Noncontrolling Interests | - | 220.89 | 79.04 | -78.28 | -1,833.05 |
| Normalized Income | - | 268.07 | 162.47 | -86.48 | -244.85 |
| Diluted NI Availto Com Stockholders | - | 194.56 | 53.20 | -102.92 | -1,869.02 |
| Basic Average Shares | - | 453.24 | 454.72 | 459.89 | 467.78 |
| Diluted Average Shares | - | 453.28 | 455.03 | 459.89 | 467.78 |
| 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 |
| 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 |
| Minority Interests | - | -26.33 | -25.84 | -24.64 | -35.98 |
| Special Income Charges | - | -130.86 | -210.33 | -36.60 | -1,710.63 |
| 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 |
| 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 |
| Gain On Sale Of Ppe | - | - | - | - | 55.11 |
| Other Operating Expenses | - | 2,735.47 | 2,646.26 | 2,711.83 | 2,681.74 |
Communication Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| OPTUthis co. | OPTU | $431M | -0.23 | -0.19 | 80.8% | 16.60 |
| Nexxen International Ltd. | NEXN | $477M | 19.05 | 1.00 | 5.3% | 3.66 |
| Starz Entertainment Corp. | STRZ | $470M | -2.23 | 0.61 | -27.6% | 1.81 |
| MediaAlpha, Inc. | MAX | $468M | 18.25 | 112.41 | 615.9% | -5.95 |
| Bumble Inc. | BMBL | $454M | -0.65 | 0.80 | -121.6% |
| - |
| - |
| - |
| -1.11 |
| AMC Global Media Inc. | AMCX | $428M | 4.79 | 0.44 | 9.1% | 1.41 |
| Gray Media, Inc. | GTN | $414M | - | 0.15 | -4.9% | 9.37 |
| ATN International, Inc. | ATNI | $398M | -26.71 | 0.90 | -3.4% | 6.27 |
| Dave & Buster's Entertainment, Inc. | PLAY | $388M | - | 4.26 | -53.4% | 9.90 |
| Peer Median | - | 2.07 | 0.85 | -4.1% | 2.73 | |