Optimum Communications Q1 revenue falls 4%, slight miss

Optimum Communications

07/05/2026 12:23

Overview

US broadband and video provider's Q1 revenue fell 4%, slightly missing analyst expectations

Net loss widened to $2.88 bln, driven by $2.7 bln non-cash impairment charge

Adjusted EBITDA declined 1.3% yr/yr, but margin rose to 38.2% on cost discipline

Outlook

Company did not provide specific financial guidance for the current quarter or full year

Result Drivers

COST DISCIPLINE - Margin expansion attributed to workforce productivity initiatives, lower truck rolls, and increased use of AI-enabled tools and automation

MOBILE GROWTH - Strongest mobile line net additions in six years, with 52k net adds and 35% yr/yr revenue growth

VIDEO MARGIN IMPROVEMENT - Migration to new tiered video offerings increased margin and reduced churn

Company press release: ID:nBw4md8Zra

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Miss*
$2.07 bln
$2.08 bln (12 Analysts)
Q1 EPS
-$6.10
Q1 Net Income
-$2.88 bln
Q1 Adjusted EBITDA
$789 mln
Q1 Operating Income
-$2.36 bln
Q1 Pretax Profit
-$2.92 bln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 9 "hold" and 5 "sell" or "strong sell"

Wall Street's median 12-month price target for Optimum Communications Inc is $1.88, about 35.9% above its May 6 closing price of $1.38

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)