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![Altice USA, Inc. [ATUS] reports annual net loss of $79.0 million](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FATUS.png&w=1200&q=75)
Altice USA, Inc. [ATUS] has reported a net loss of $79.0 million for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $9.2 billion
Based in LONG ISLAND CITY, New York, Altice USA, Inc. operates in the TRANSPORT sector.
In the annual financial report of Altice USA for the year ended December 31, 2023, the following key figures were reported in millions of USD:
- Revenue for the current period was $9,237 million, slightly lower than the previous year's revenue of $9,648 million in 2022 and $10,091 million in 2021.
- Costs and expenses for the year included programming and other direct costs of $3,030 million in 2023, compared to $3,206 million in 2022 and $3,382 million in 2021.
- Operating income for the year was $1,702 million in 2023, down from $1,803 million in 2022 and $2,525 million in 2021.
- Net income for the year was $79 million in 2023, a decrease from $221 million in 2022 and $1,011 million in 2021.
- Earnings per share stood at $0.12 for both basic and diluted amounts in 2023, compared to $0.43 in 2022 and $2.16 in 2021 for basic earnings per share.
The company's performance showed a decrease in revenue and net income compared to the previous periods, resulting in lower earnings per share for the current year. Operating income also experienced a decline, indicating operational challenges faced by Altice USA during the year.
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