Optimum Communications Q2 Earnings Call Highlights

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Optimum Communications (NYSE:OPTU) reported second-quarter 2026 gross of astir $2 cardinal and adjusted EBITDA of $786 million, arsenic the institution continued to negociate broadband subscriber losses portion expanding mobile lines, improving margins and reducing operating expenses.

Broadband nett losses improved sequentially to 40,000 successful the quarter, portion the institution added astir 50,000 mobile lines. Chairman and Chief Executive Officer Dennis Mathew said Optimum is pursuing a strategy focused connected simpler offers, improved lawsuit experience, operational efficiency, web concern and a balance-sheet reset.

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"Broadband continues to look pressure. The competitory situation remains intense," Mathew said. "But our absorption is connected the areas we tin power and execute against each day."

Subscriber trends amusement mobile momentum

Optimum ended the 4th with astir 4 cardinal broadband subscribers. While gross broadband additions were broadly unchangeable twelvemonth implicit year, the institution said churn remained elevated, chiefly due to the fact that of heightened promotional enactment from competitors.

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The company's multi-dwelling-unit footprint represents astir 20% of its full footprint, according to Chief Financial Officer Marc Sirota. Optimum reported an further 9,000 broadband connects and 8,000 video connects successful the 4th from a bulk narration portfolio conversion. Mathew said the institution has been moving to displacement MDU agreements from non-exclusive retail arrangements toward longer-term bulk contracts with spot owners.

Mobile results were a comparative agleam spot. Optimum added 50,000 nett mobile lines, its champion second-quarter show to date, and ended the play with 724,000 lines, up astir 33% from a twelvemonth earlier. Mobile and broadband convergence penetration reached astir 9% astatine quarter-end.

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The institution besides expanded its multiyear statement with T-Mobile to entree its standalone 5G network. Mathew said the statement is intended to supply faster service, a broader instrumentality lineup including wearables, and improved roaming and agrarian connectivity.

• Broadband nett losses: 40,000

• Mobile nett additions: astir 50,000

• Ending mobile lines: 724,000

• Video nett losses: 46,000

• Fiber lawsuit additions: 20,000

• Ending fibre customers: 749,000

Video subscriber nett losses were 46,000, a effect Sirota described arsenic the company's champion quarterly video subscriber show successful six years. Newer E-tier video packages represented astir 18% of the residential video base, compared with 10% a twelvemonth earlier. Management said customers taking those packages person shown little churn than customers connected bequest offerings.