OPTU

EX-99.1

2 a2026q2exhibit991.htm

EX-99.1

Document

OPTIMUM REPORTS SECOND QUARTER 2026 RESULTS

NEW YORK (August 6, 2026) -- Optimum Communications, Inc. (NYSE: OPTU) today reports results for the second quarter ended June 30, 2026.

Dennis Mathew, Optimum Chairman and Chief Executive Officer, said: "Our second quarter results reflect disciplined execution across every part of our business. We expanded gross margin and Adjusted EBITDA margin, drove sequential improvement in broadband trends, delivered our best second-quarter mobile line growth to date, grew convergence ARPU year over year, and continued to expand our footprint, all while reducing operating expenses and simplifying how we operate. We are sharpening our go-to-market approach, deepening customer relationships through convergence, and transforming the customer experience to support stronger broadband performance over time. At the same time, we continue to take deliberate steps to strengthen our financial foundation, which remains a top priority as we position the business for long-term success. We remain focused on executing every day, investing where we see the strongest returns, and delivering best-in-class connectivity to the communities we serve."

Second Quarter 2026 Overview

•Total revenue of $2.02 billion in Q2 2026 (-5.8% year over year)

•Residential revenue of $1.54 billion in Q2 2026 (-6.7% year over year)

◦Residential average revenue per user (ARPU)(1) of $132.22 (-1.1% year over year)

◦Convergence ARPU(2) of $79.80 (+2.4% year over year)

•Net loss attributable to stockholders of ($291.8) million (($0.67)/share on a diluted basis) in Q2 2026, compared to ($96.3) million (($0.21)/share on a diluted basis) in Q2 2025. Net loss margin attributable to stockholders of -14.4% in Q2 2026

•Net cash flows from operating activities of $228.1 million (-44.6% year over year) in Q2 2026

•Adjusted EBITDA(3) of $785.7 million (-2.2% year over year), margin of 38.8% in Q2 2026

•Cash capital expenditures of $320.0 million (-16.6% year over year), capital intensity(4) of 15.8% in Q2 2026

•Free Cash Flow (deficit)(3) of ($91.9) million in Q2 2026 compared to $28.4 million in Q2 2025

Second Quarter 2026 Key Operational Highlights

•Driving Operational Improvements and Margin Expansion

◦Year-to-date Q2 2026 Operating Expense (excluding share-based compensation) improved by -5%, supported by lower truck rolls and call volumes, lower sales acquisition costs, and workforce optimization

◦Gross margin of 71.0% in Q2 2026 expanded by 180 basis points year over year

◦Adjusted EBITDA margin(3) of 38.8% in Q2 2026 expanded by 140 basis points year over year, reflecting cost discipline

◦Continued simplifying the end-to-end customer journey through improved customer communications, digital capabilities, and operational enhancements

•Strengthening Broadband Strategy Amid Competitive Market; Net Losses of 40k

◦Total broadband primary service units (PSUs) net losses of -40k in Q2 2026, which benefited from a bulk agreement, compared to -35k in Q2 2025, ending total broadband subscribers of 4.0 million

◦Sharpening go-to-market execution through simpler offers and pricing and packaging enhancements, supporting gross add performance

◦Enhancing customer retention through data-driven base management and proactive customer engagement

1

◦Continued higher-speed tier adoption, with 53% of the residential broadband customer base taking 1 Gig or higher speeds at the end of Q2 2026, up from 38% in Q2 2025

•Growing Through Mobile; Best Second Quarter Mobile Line Net Add Performance, with +50k Line Net Additions in Q2 2026

◦Mobile line net additions of +50k in Q2 2026, representing the strongest second quarter performance, bringing total mobile lines to 724k

◦Residential mobile service revenue grew 40% year over year to $53 million in Q2 2026, compared to $38 million in Q2 2025

◦Total mobile penetration of the broadband base(5) reached 8.9% at the end of Q2 2026, compared to 6.9% in Q2 2025

•Improving Video Margin and Customer Retention with New Tiered Offerings

◦Newer tiered video packages, Entertainment TV, Extra TV, and Everything TV reached 18% penetration of the residential video base at the end of Q2 2026, up from 10% in Q2 2025

◦Continued migration from legacy video packages to new tiered offerings improves retention and strengthens video margin profile

◦Video gross margin in Q2 2026 expanded by approximately 1,000 basis points in the last three years compared to Q2 2023

◦Residential video ARPU(6) grew +1.4% year over year, partially offsetting video volume declines in revenue

•Expanding and Enhancing Our Networks

◦Added +68k total new passings in Q2 2026 and +223k total new passings in the last twelve months (LTM)

◦At the end of Q2 2026, approximately 97% of the total footprint had 1 Gig or higher speeds available

◦Demand for Lightpath's AI-grade infrastructure continues to be strong; Lightpath recently announced new fiber builds to support

EX-99.1

2 a2026q1exhibit991.htm

EX-99.1

Document

OPTIMUM REPORTS FIRST QUARTER 2026 RESULTS

NEW YORK (May 7, 2026) -- Optimum Communications, Inc. (NYSE: OPTU) today reports results for the first quarter ended March 31, 2026.

Dennis Mathew, Optimum Chairman and Chief Executive Officer, said: "The first quarter reflects the deliberate choices we are making to build a more resilient business over time. We continued to navigate an intense competitive environment with strategic focus, executing against our core priorities of strengthening broadband trends, maintaining financial discipline, and investing for long-term value creation. These efforts contributed to year-over-year margin expansion, underscoring our focus on operating efficiency and disciplined execution. In doing so, we took meaningful steps toward simplifying how we go to market, improving the quality of our subscriber base and advancing our convergence strategy to drive more consistent returns. We were encouraged by strong momentum in mobile, which delivered its strongest quarter in six years with 52k net additions, reinforcing our conviction in multi-product relationships, with growth increasingly driven by customers with stronger engagement, supporting lower churn and improved lifetime value. We believe these actions, alongside our ongoing work to evolve our capital structure, are the right foundation for creating durable long-term value for our customers, our employees, and our shareholders."

First Quarter 2026 Overview

•Total revenue of $2.07 billion in Q1 2026 (-4.0% year over year)

•Residential revenue of $1.56 billion in Q1 2026 (-6.5% year over year)

◦Residential average revenue per user (ARPU)(1) $132.32 (-1.2% year over year)

◦Convergence ARPU(2) $79.32 (+1.2% year over year)

•Net loss attributable to stockholders of ($2,884.1) million (($6.10)/share on a diluted basis) in Q1 2026, includes a non-cash impairment charge of $2.7 billion related to our indefinite-lived cable franchise rights, compared to ($75.7) million (($0.16)/share on a diluted basis) in Q1 2025

•Net cash flows from operating activities of $170.3 million (-9.2% year over year) in Q1 2026

•Adjusted EBITDA(3) of $789.0 million (-1.3% year over year), margin of 38.2% in Q1 2026

•Cash capital expenditures of $307.7 million (-13.6% year over year), capital intensity(4) of 14.9% in Q1 2026

•Free Cash Flow (deficit)(3) of ($137.4) million in Q1 2026 compared to ($168.6) million in Q1 2025

First Quarter 2026 Key Operational Highlights

•Advancing Broadband Strategy Amid Competitive Market; Net Losses of 64k

◦Total broadband primary service units (PSUs) net losses of -64k in Q1 2026(5), which includes an adjustment related to prior periods of 8k, compared to -37k in Q1 2025, ending total broadband subscribers of 4.1 million

◦Advancing a simplified go-to-market approach and proactive base management initiatives to improve sales momentum, customer lifetime value and reduce churn

◦Residential broadband customer base continues to move to higher speed tiers, with 47% of the base taking 1 Gig or higher speeds at the end of Q1 2026, which grew in the last 3 years from 21% in Q1 2023

•Best Mobile Line Net Add Performance in 6 Years, with +52k Line Net Additions in Q1 2026

◦Mobile line net additions of +52k in Q1 2026, representing the strongest quarterly performance in six years, bringing total mobile lines to 674k

◦Residential mobile service revenue grew 35% year over year to $50 million in Q1 2026, compared to $37 million in Q1 2025

1

◦Residential mobile penetration of the broadband base(6) reached 8.8% at end of Q1 2026, compared to 6.3% in Q1 2025

•Improved Video Margin and Churn Supported by Adoption of New Tiered Offerings

◦New tiered video packages, Entertainment TV, Extra TV, and Everything TV reached 17% penetration of the residential video base at the end of Q1 2026, up from 6% in Q1 2025

◦Continued migration from legacy video packages to new tiered offerings improves retention and strengthens video margin profile

◦Video gross margin in Q1 2026 expanded by approximately 1,000 basis points in the last three years compared to Q1 2023

◦Annualized video churn improved by approximately 690 basis points year over year in Q1 2026

◦Residential video ARPU(7) grew +3.7% year-over-year, partially offsetting video volume declines in revenue

•Driving Margin Expansion Through Cost Discipline and Efficiency

◦Gross margin of 69.4% in Q1 2026 expanded by 60 basis points year over year

◦Adjusted EBITDA(3) margin of 38.2% in Q1 2026 expanded by 110 basis points year over year, reflecting cost discipline

◦Efficiency gains were driven by workforce productivity initiatives, lower truck rolls, and increased use of AI-enabled tools and automation

•Expanding and Enhancing Our Networks

◦Added +38k total new passings in Q1 2026 and +190k total new passings in the last twelve months (LTM)

◦At the end of Q1 2026, approximately 96% of the total footprint had 1 Gig or high

EX-99.1

2 a2025q4exhibit991.htm

EX-99.1

Document

OPTIMUM REPORTS FOURTH QUARTER

AND FULL YEAR 2025 RESULTS

NEW YORK (February 12, 2026) -- Optimum Communications, Inc. (NYSE: OPTU) today reports results for the fourth quarter and full year ended December 31, 2025.

Dennis Mathew, Optimum Chairman and Chief Executive Officer, said: "In full year 2025, we achieved the goals we shared in the beginning of the year across revenue, Broadband ARPU, direct costs, operating expense, Adjusted EBITDA excluding i24 News, and capital spend, reflecting our disciplined execution at Optimum. During the quarter, we achieved year over year Adjusted EBITDA growth, driven by moderating revenue declines, higher gross margins, and disciplined expense management. We saw continued momentum across key segments, including Residential and Broadband ARPU growth, improved video trends, as well as momentum in Lightpath and Mobile. While broadband subscriber trends remain under pressure in a highly competitive market, we enter 2026 with a simpler, more competitive approach, featuring streamlined pricing and packaging and a convergence-led go-to-market strategy intended to support improvements in the broadband performance. Looking ahead, this focus on simplification extends across our operations and customer experience, positioning us to execute more efficiently, support performance over time, and support long-term shareholder value."

Fourth Quarter and Full Year 2025 Overview

•Total revenue of $2.18 billion in Q4 2025 (-2.3% year over year) and $8.6 billion in FY 2025 (-4.1% year over year)

•Total broadband primary service units (PSUs) net losses of -62k in Q4 2025, compared to -39k in Q4 2024; Ending Total Broadband Subscribers of 4.2 million

•Net loss attributable to stockholders of ($71.2) million (($0.15)/share on a diluted basis) in Q4 2025, compared to ($54.1) million (($0.12)/share on a diluted basis) in Q4 2024, and ($1,869.0) million (($4.00)/share on a diluted basis) in FY 2025, compared to ($102.9) million (($0.22)/share on a diluted basis) in FY 2024

•Net cash flows from operating activities of $481.6 million (9.5% year over year) in Q4 2025, and $1,228.5 million in FY 2025 (-22.4% year over year)

•Adjusted EBITDA(1) of $902.2 million (7.7% year over year), margin of 41.3% in Q4 2025, and $3,335.6 million (-2.3% year over year), margin of 38.8% in FY 2025

•Cash capital expenditures of $282.1 million (-27.7% year over year), capital intensity(2) of 12.9% in Q4 2025 (10.5% excluding FTTH and new build(3)), and $1,347.3 million (-6.0% year over year), capital intensity(2) of 15.7% in FY 2025 (12.1% excluding FTTH and new build(3))

•Free Cash Flow (deficit)(1) of $199.4 million in Q4 2025 compared to $49.9 million in Q4 2024, and ($118.8) million in FY 2025 compared to $149.4 million in FY 2024

Fourth Quarter 2025 Key Operational Highlights

•Improved Customer Economics Amid Competitive Environment

◦During the fourth quarter and full year 2025, Optimum Communications, Inc. (“Optimum Communications” or the “Company“) continued to operate in a highly competitive market with elevated promotional activity and increased customer price sensitivity. The Company maintained a disciplined approach to pricing, promotions and customer acquisition.

◦In Q4 2025, Broadband ARPU(4) of $76.71 increased 2.8% year over year. Residential ARPU(5) of $134.49 increased 0.4% year over year.

1

•Best Video Trends in Last 5 Years: -49k Video Subscriber Losses

◦Driven by lowest video churn in the last decade and stabilization of video gross add attachment rate, supported by new video tiers launched in 2024.

•Mobile Growth: +38k Mobile Line Net Additions in Q4 2025 and +163k in FY 2025

◦Reached 623k mobile lines, a 35% increase in total mobile lines at the end of FY 2025 compared to the end of FY 2024.

◦Mobile customer penetration of broadband customer base(6) reached 8.3% at the end of FY 2025, up from 5.7% at the end of FY 2024.

•Fiber Growth: +12k Fiber Customers Net Additions in Q4 2025 and +178k in FY 2025

◦3.1 million fiber passings at the end of FY 2025, with 23.1% customer penetration of the fiber network, up from 18.2% at the end of FY 2024.

◦Moderated the pace of fiber migrations to balance near-term margins and cash flow with long-term growth objectives.

◦Reached 716k fiber customers, a 33% increase in total fiber customers at the end of FY 2025 compared to the end of FY 2024.

•Expanding and Enhancing Our Networks

◦Added +65k total new passings in Q4 2025 and +177k total new passings in FY 2025

◦Added +43k new fiber passings in Q4 2025 and +134k new fiber passings in FY 2025

◦Lightpath continues to expand in hyperscaler community with $362 million in total contract value awarded over FY 2024 and FY 2025.

2026 Priorities Focused on Simplification to Drive Business Acceleration

•Improve Broadband Trends: Focus on improving broadband subscriber performance through simplified product offerings and a more streamlined prici