Altice NV: Altice USA Reports Full Year & Q4 2017 Results

27 February 2018 ALTICE USA REPORTS FULL YEAR AND FOURTH QUARTER 2017 RESULTS Delivers Another Year of Revenue Growth and High Cash Flow Growth Further Progress Against Key Company Initiatives Remains on Track for Anticipated Spin-Off from Altice N.V. Altice USA (NYSE: ATUS) today...

London, 27/02/2018 (informazione.it - comunicati stampa - telecomunicazioni)

27 February 2018

Dexter Goei, Altice USA Chairman and Chief Executive Officer, said:

·         Revenue growth of +3.2% YoY in FY 2017 (excluding Newsday); reported revenue growth of +1.9% YoY to $9.33 billion

·         In Q4, reported revenue grew +2.6% YoY to $2.37 billion, driven by residential (B2C) revenue growth of 1.8%, business services (B2B) revenue growth of 5.1% and advertising revenue growth of 9.9%

·         Adjusted EBITDA grew +19.5% YoY in FY 2017 to $4.01 billion; Adjusted EBITDA (excluding Newsday) margin increased 5.9 percentage points YoY to 42.9% (44.1% in Q4 2017)

·         Operating Free Cash Flow grew +25.8% YoY in FY 2017 to $3.01 billion with an OpFCF margin of 32.3% vs. 26.5% in FY 2016 (OpFCF margin of 34.5% in Q4 2017) showing very strong cash flow conversion

·         Residential (B2C) revenue growth of +2.9% in FY 2017 driven by growth in total unique residential (B2C) customer relationships with net additions of +7k in FY 2017 (+6k in Q4 2017)

·         Residential (B2C) ARPU increased 2.2% YoY to $139.8 in FY 2017 (+1.5% YoY in Q4 2017 to $140.2)

             
·         Residential (B2C) broadband net additions of +25k, pay TV RGU net losses of -25k, and telephony net additions of +10k in Q4 2017 (vs. +36k, -21k, and -4k in Q4 2016 respectively)

             
·         Solid Business Services (B2B) revenue growth of +5.5% in FY 2017 driven by superior SMB growth +7.5% YoY with SMB representing c.64% of total B2B revenue (Enterprise & Carrier revenue, representing c.36% of total B2B revenue, grew +2.3% in FY 2017)

             
·         Advertising growth supported by investment in multiscreen and national targeted audience capabilities

·         Continued enhancement of data services with an increased demand for higher speed tiers; 90% of B2C broadband gross additions taking download speeds of 100Mbps or higher at end of Q4

             
·         Up to 400Mbps broadband speeds were available for 86% of Altice USA residential/business customers by the end of 2017, including 95% of the Optimum footprint, with 72% of the Suddenlink footprint now able to receive up to 1 Gigabit speeds

The complete announcement can be found on Altice USA investor relations website: http://alticeusa.com/

Altice N.V. (Euronext: ATC NA and ATCB NA) will release its Q4 2017 results separately on Thursday, March 15, 2018.

Nick Brown: +41 79 720 1503 / nick.brown@altice.net

Arthur Dreyfuss: +41 79 946 4931 / arthur.dreyfuss@altice.net

Lisa Anselmo: +1 929 418 4362 / lisa.anselmo@alticeusa.com

Founded in 2001 by entrepreneur Patrick Drahi, Altice is a convergent global leader in telecoms, content, media, entertainment and advertising. Altice delivers innovative, customer-centric products and solutions that connect and unlock the limitless potential of its over 50 million customers over fiber networks and mobile broadband. The company enables millions of people to live out their passions by providing original content, high-quality and compelling TV shows, and international, national and local news channels. Altice delivers live broadcast premium sports events and enables millions of customers to enjoy the most well-known media and entertainment. Altice innovates with technology in its Altice Labs across the world. Altice links leading brands to audiences through premium advertising solutions. Altice is also a global provider of enterprise digital solutions to millions of business customers. Altice is present in 10 territories from New York to Paris, from Tel Aviv to Lisbon, from Santo Domingo to Geneva, from Amsterdam to Dallas. Altice (ATC & ATCB) is listed on Euronext Amsterdam. For more information, visit www.altice.net

Altice USA (NYSE: ATUS), the U.S. business of Altice N.V. (Euronext: ATC, ATCB), is one of the largest broadband communications and video services providers in the United States, delivering broadband, pay television, telephony services, Wi-Fi hotspot access, proprietary content and advertising services to approximately 4.9 million residential and business customers across 21 states through its Optimum and Suddenlink brands.