Altice USA's Q3 2025 results show moderation in adjusted EBITDA decline and a high gross margin, despite competitive pressures contributing to a broadband subscriber loss.
- Adjusted EBITDA declined 3.6% year-over-year but increased 3.3% quarter-over-quarter; EBITDA margin expanded to 39.4%.
- Gross margin reached an all-time high of 69.7%, reflecting improved operational efficiency and a strategic shift away from video services.
- Revenue fell 5.4% year-over-year due primarily to video pressures; however, mobile service revenue grew 38% and Lightpath revenue increased nearly 6%.
- A noncash impairment charge of $1.6 billion was recorded for indefinite live cable franchise rights, reflecting changing market conditions since acquisitions.
- Altice USA lost 58,000 broadband subscribers amid heightened competition, emphasizing a strategic focus on profitability and disciplined subscriber acquisition.
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