Revenue: As of FY2026 Q1, the actual value is USD 2.065 B, missing the estimate of USD 2.071 B.EPS: As of FY2026 Q1, the actual value is USD -6.1, missing the estimate of USD -0.1399.EBIT: As of FY2026 Q1, the actual value is USD -1.902 B.<h4>Revenue</h4><ul><li>Total revenue was $2.07 billion in Q1 2026, representing a -4.0% year-over-year decrease. </li><li>Residential revenue was $1.56 billion in Q1 2026, marking a -6.5% year-over-year decrease. </li><li>Residential mobile service revenue grew 35% year-over-year to $50 million in Q1 2026, up from $37 million in Q1 2025. </li></ul><h4>Profitability</h4><ul><li>Net loss attributable to stockholders was - $2,884.1 million in Q1 2026, or - $6.10 per share on a diluted basis, which includes a non-cash impairment charge of $2.7 billion related to indefinite-lived cable franchise rights. </li><li>This compares to a net loss of - $75.7 million, or - $0.16 per share, in Q1 2025. </li><li>Adjusted EBITDA was $789.0 million in Q1 2026, a -1.3% year-over-year decrease. </li><li>Adjusted EBITDA margin was 38.2% in Q1 2026, an expansion of 110 basis points year-over-year. </li><li>Gross margin was 69.4% in Q1 2026, an expansion of 60 basis points year-over-year. </li><li>Video gross margin expanded by approximately 1,000 basis points in Q1 2026 compared to Q1 2023. </li><li>Operating income was - $2,360.089 million in Q1 2026, compared to $343.458 million in Q1 2025. </li></ul><h4>Cash Flow</h4><ul><li>Net cash flows from operating activities were $170.3 million in Q1 2026, a -9.2% year-over-year decrease. </li><li>Cash capital expenditures were $307.7 million in Q1 2026, a -13.6% year-over-year decrease. </li><li>Capital intensity was 14.9% in Q1 2026. </li><li>Free Cash Flow (deficit) was - $137.4 million in Q1 2026, compared to - $168.6 million in Q1 2025. </li></ul><h4>Operational Metrics</h4><h5>Subscribers and Customer Relationships</h5><ul><li>Total broadband subscribers ended Q1 2026 at 4.1 million. </li><li>Total broadband primary service units (PSUs) net losses were -64k in Q1 2026, which includes an adjustment related to prior periods of 8k, compared to -37k in Q1 2025. </li><li>Mobile line net additions were +52k in Q1 2026, representing the strongest quarterly performance in six years. </li><li>Total mobile lines reached 674k. </li><li>Residential mobile penetration of the broadband base was 8.8% at the end of Q1 2026, up from 6.3% in Q1 2025. </li><li>Residential broadband customer base on 1 Gig or higher speeds was 47% at the end of Q1 2026, up from 21% in Q1 2023. </li><li>New tiered video packages penetration was 17% of the residential video base at the end of Q1 2026, up from 6% in Q1 2025. </li><li>Annualized video churn improved by approximately 690 basis points year-over-year in Q1 2026. </li><li>Residential customer relationships were 3,897.0 thousand in Q1 2026. </li><li>SMB customer relationships were 367.1 thousand in Q1 2026. </li><li>Total unique customer relationships were 4,264.1 thousand in Q1 2026. </li><li>Residential net additions (losses) were -66.8 thousand in Q1 2026. </li><li>Business services net additions (losses) were -2.8 thousand in Q1 2026. </li><li>Total customer net additions (losses) were -69.5 thousand in Q1 2026. </li><li>Residential Broadband PSUs were 3,749.6 thousand in Q1 2026. </li><li>Residential Video PSUs were 1,570.7 thousand in Q1 2026. </li><li>Residential Telephony PSUs were 994.9 thousand in Q1 2026. </li><li>SMB Broadband PSUs were 339.7 thousand in Q1 2026. </li><li>SMB Video PSUs were 70.4 thousand in Q1 2026. </li><li>SMB Telephony PSUs were 179.2 thousand in Q1 2026. </li></ul><h5>Average Revenue Per User (ARPU)</h5><ul><li>Residential ARPU was $132.32 in Q1 2026, a -1.2% year-over-year decrease. </li><li>Convergence ARPU was $79.32 in Q1 2026, a +1.2% year-over-year increase. </li><li>Residential video ARPU grew +3.7% year-over-year. </li></ul><h5>Network and Infrastructure</h5><ul><li>Total new passings added were +38k in Q1 2026 and +190k in the last twelve months (LTM). </li><li>The footprint with 1 Gig or higher speeds available was approximately 96% at the end of Q1 2026. </li><li>Capital is being deployed to support previously announced $362 million of total contract value of AI-driven awards for Lightpath expansion. </li><li>FTTH Total Passings were 3,121.6 thousand in Q1 2026. </li><li>FTTH Total Passing additions were 25.6 thousand in Q1 2026. </li><li>FTTH Residential customer relationships were 706.7 thousand in Q1 2026. </li><li>FTTH SMB customer relationships were 22.4 thousand in Q1 2026. </li><li>FTTH Total Customer Relationships were 729.1 thousand in Q1 2026. </li><li>FTTH Residential net additions were 12.0 thousand in Q1 2026. </li><li>FTTH SMB net additions were 1.2 thousand in Q1 2026. </li><li>FTTH Total Customer Net Additions were 13.2 thousand in Q1 2026. </li></ul><h4>Balance Sheet and Debt</h4><ul><li>Consolidated net debt for Optimum Communications, Inc. was $25,488 million as of March 31, 2026. </li><li>Consolidated net leverage was 7.5x L2QA. </li><li>The weighted average cost of debt for consolidated Optimum Communications, Inc. was 6.8%. </li><li>The weighted average life of debt for consolidated Optimum Communications, Inc. was 3.1 years. </li><li>As of March 31, 2026, Optimum Communications, Inc. had 476,283,057 combined shares of Class A and Class B common stock outstanding. </li></ul><h4>Outlook / Guidance</h4>Optimum Communications, Inc. is focused on building a more resilient business by strengthening broadband trends, maintaining financial discipline, and investing for long-term value creation. The company aims to simplify its go-to-market approach, improve subscriber base quality, and advance its convergence strategy to drive more consistent returns. These efforts are expected to create durable long-term value for customers, employees, and shareholders.

Optimum Communications | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 2.065 B