Altice USA

OverviewSuggest Edit

Altice USA is a national telecommunication, media and entertainment company. It provides broadband communications and video services as well as news programming, content, and advertising services. The company markets its services primarily under two brands: Optimum and Suddenlink. Altice USA’s broadband service provides a connectivity experience to support data-intensive activities, including streaming 4K ultra-high-definition (UHD) and high-definition (HD) video on multiple devices, online multi-player video game streaming platforms, video chatting, streaming music, high-quality virtual-and augmented reality experiences, and downloading large files.

TypePublic
Founded2015
HQBethpage, NY, USMap
Websitealticeusa.com
Overall CultureD-More
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Latest Updates

Employees (est.) (Dec 2019)10,700(-9%)
Revenue (FY, 2019)$9.8 B(+3%)
Share Price (Feb 2021)$36.9
Cybersecurity ratingFMore

Key People/Management at Altice USA

Dexter Goei

Dexter Goei

Chief Executive Officer & Director
Hakim Boubazine

Hakim Boubazine

President of Telecommunications & Chief Operating Officer
Michael Grau

Michael Grau

Chief Financial Officer
Yossi Benchetrit

Yossi Benchetrit

Chief Procurement and Programming Officer
Pragash Pillai

Pragash Pillai

Executive Vice President, Operations
Matt Grover

Matt Grover

Executive Vice President, Altice Business Services
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Altice USA Office Locations

Altice USA has offices in Bethpage, Auburn, Aurora, Bishop and in 52 other locations
Bethpage, NY, US (HQ)
1111 Stewart Ave
Auburn, CA, US
10101 Streeter Rd
Aurora, MO, US
304 S Madison Ave
Bethpage, NY, US
1101 Stewart Ave
Bethpage, NY, US
198 Grumman Rd W
Bishop, CA, US
201 E Line St
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Altice USA Financials and Metrics

Altice USA Revenue

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Altice USA's revenue was reported to be $9.76 b in FY, 2019 which is a 2% increase from the previous period.
USD

Revenue (Q3, 2020)

2.4b

Gross profit (Q3, 2020)

1.7b

Gross profit margin (Q3, 2020), %

67.8%

Net income (Q3, 2020)

(2.7m)

EBIT (Q3, 2020)

549.3m

Market capitalization (5-Feb-2021)

20.8b

Closing stock price (5-Feb-2021)

36.9

Cash (30-Sept-2020)

119.1m

EV

46.8b
Altice USA's current market capitalization is $20.8 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

9.3b9.6b9.8b

Revenue growth, %

3%2%

Cost of goods sold

3.0b3.2b3.3b

Gross profit

6.3b6.4b6.5b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

2.3b2.4b2.4b2.4b2.5b2.4b2.5b2.5b2.4b

Cost of goods sold

787.4m795.1m790.5m813.0m819.0m820.9m864.5m860.9m783.9m

Gross profit

1.5b1.6b1.6b1.6b1.6b1.6b1.6b1.6b1.7b

Gross profit Margin, %

66%66%67%66%67%66%65%65%68%
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Annual
USDFY, 2017FY, 2018FY, 2019

Cash

273.3m298.8m701.9m

Accounts Receivable

370.8m448.4m457.1m

Prepaid Expenses

135.3m136.3m215.3m

Current Assets

853.6m903.3m1.4b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

1.4b381.1m486.2m123.0m138.7m175.1m244.5m2.0b119.1m

Accounts Receivable

330.8m382.2m436.6m405.0m420.3m442.7m441.7m387.7m405.0m

Prepaid Expenses

142.4m167.0m167.8m181.7m182.4m195.2m237.2m209.9m216.0m

Current Assets

1.9b958.2m1.1b711.0m742.9m817.8m927.6m2.6b1.6b
show all
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

1.5b20.6m139.9m

Depreciation and Amortization

2.9b2.4b2.3b

Accounts Payable

69.1m12.5m(33.1m)

Cash From Operating Activities

2.0b2.5b2.6b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

(128.9m)(227.0m)(193.2m)(25.2m)61.2m138.6m(1.5m)109.9m107.2m

Depreciation and Amortization

642.7m1.3b1.8b561.4m1.1b1.7b547.6m1.1b1.6b

Accounts Payable

11.3m49.4m85.5m33.9m18.5m27.0m23.6m10.3m879.0k

Cash From Operating Activities

431.0m1.2b1.8b504.0m1.3b1.8b593.6m1.5b2.2b
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USDFY, 2017

Revenue/Employee

1.0m

Debt/Equity

4.1 x

Debt/Assets

0.6 x

Financial Leverage

6.3 x
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Altice USA Operating Metrics

Altice USA's Customers was reported to be 4.9 m in FY, 2019.
FY, 2017FY, 2018FY, 2019

Customers

4.91 m4.92 m4.93 m

Consumer Customers

4.54 m4.54 m4.93 m

Small and Medium Business Customers

371 k377.50 k398.20 k

Homes Passed

8.62 m8.74 m8.83 m
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Altice USA Acquisitions / Subsidiaries

Company NameDateDeal Size
CheddarMay 01, 2019$200 m

Altice USA Revenue Breakdown

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Altice USA revenue breakdown by business segment: 28.6% from Cequel and 71.4% from Optimum

Altice USA Cybersecurity Score

Cybersecurity ratingPremium dataset

F

56/100

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Altice USA Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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Altice USA Online and Social Media Presence

Altice USA's Trends

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Altice USA Company Culture

  • Overall Culture

    D-

    51/100

  • CEO Rating

    F

    42/100

  • Compensation

    D+

    56/100

  • Diversity

    D-

    52/100

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Altice USA News and Updates

September 07, 2020

Statement From Louis Audet With Regard to the Unsolicited, Non-Binding Proposal From Altice USA and Rogers Communications Inc.

MONTREAL, Sept. 7, 2020 /PRNewswire/ - As the designated representative of the Audet family, who holds controlling shares of Cogeco Inc. and, indirectly, Cogeco Communications Inc., I want to provide absolute clarity for stakeholders regarding our intentions in response to the recent...
September 03, 2020

Altice USA, Inc. and Rogers Communications Provide Statement on Cogeco’s Response to Acquisition Offer

NEW YORK and TORONTO, Sept. 03, 2020 (GLOBE NEWSWIRE) -- On the morning of September 2, 2020, Altice USA, Inc. (“Altice USA”) (NYSE: ATUS) announced that it had presented an offer to Cogeco Inc. (“CGO”) and Cogeco Communications Inc. (“CCA”, together with CGO, “Cogeco”) to acquire 100% of the issu…
September 02, 2020

Altice USA offers to buy Cogeco, Cogeco Communications for equivalent of C$10.3 billion in cash

Altice USA Inc. said Wednesday that it has offered to buy Canada-based Cogeco Inc. and Cogeco Communications Inc. for C$10.3 billion ($7.8 billion) in cash. As part of the proposed deal, the telecommunications company has entered into an arrangement to sell all of Cogeco's Canadian assets to Rog…
September 02, 2020

Rogers Communications confirms agreement with Altice USA to purchase Canadian assets of Cogeco

Agreement conditional upon successful acquisition of Cogeco by Altice USA
November 05, 2019

Altice USA misses estimates, cuts full-year sales forecast; shares slide

Altice USA Inc missed expectations for third-quarter results on Tuesday due to weakness at its pay-TV division and the cable TV provider cut its full-year sales forecast, sending its shares down 10%.
July 29, 2019

CBS and Altice USA Reach New Comprehensive Content Carriage Agreement

Renewal Covers CBS-Owned Stations, SHOWTIME and SHOWTIME Streaming, CBS Sports Network, Pop TV and Smithsonian Channel.read more
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 Altice USA Frequently Asked Questions

  • When was Altice USA founded?

    Altice USA was founded in 2015.

  • Who are Altice USA key executives?

    Altice USA's key executives are Dexter Goei, Hakim Boubazine and Michael Grau.

  • How many employees does Altice USA have?

    Altice USA has 10,700 employees.

  • What is Altice USA revenue?

    Latest Altice USA annual revenue is $9.8 b.

  • What is Altice USA revenue per employee?

    Latest Altice USA revenue per employee is $912.2 k.

  • Who are Altice USA competitors?

    Competitors of Altice USA include Frontier Communications, Netflix and Verizon.

  • Where is Altice USA headquarters?

    Altice USA headquarters is located at 1111 Stewart Ave, Bethpage.

  • Where are Altice USA offices?

    Altice USA has offices in Bethpage, Auburn, Aurora, Bishop and in 52 other locations.

  • How many offices does Altice USA have?

    Altice USA has 70 offices.