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Altice 3Q17 revenues drop 1.8%

6 Nov 2017

Netherlands-based Altice Group has reported consolidated revenues of EUR5.8 billion (USD6.7 billion) for the three months ended 30 September 2017, down 1.8% year-on-year on a reported basis. The lion’s share of third-quarter sales were generated by the company’s SFR unit in France, which reported a headline figure of EUR2.8 billion, comfortably ahead of the Altice USA unit (comprising Cablevision and Suddenlink), which generated EUR2.0 billion in 3Q17. Adjusted EBITDA in Q3 increased 4.2% y-o-y, to reach EUR2.4 billion, meanwhile, driven by the strong growth of Altice USA, which saw its adjusted EBITDA surge 12.8% on a reported basis.

In operational terms, Altice Group said its consolidated mobile user base stood at 25.889 million at the end of the third quarter, the bulk of which (14.564 million) were in France. The group also reported that its total number of fibre/cable RGUs reached 20.245 million, while DSL RGUs stood at 12.229 million at end-September 2017.

Michel Combes, CEO of Altice Group, commented: ‘Revenue growth and margin expansion for Altice Group are currently being driven by the strong performance of Altice USA … In Europe, we are intensifying the operational focus to improve customer experience and return France and Portugal to growth. To support the turnaround here we are expanding our FTTH coverage at an accelerated pace as well as continuing to invest in improving our mobile network quality and providing differentiated content bundles.’

Netherlands, United States, Altice France (SFR), Altice International, Altice USA (Optimum), Next Alt

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