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Loses 68,000 Video Subscribers – The Hollywood Reporter

U.S. cable giant Altice USA lost few video subscribers during the second quarter, even as its quarterly earnings fell on lower overall revenue as expected by Wall Street.

The company said it lost 68,300 video subscribers during the three months to June 30, 2023, against a loss of 84,500 video customers in the year-ago period. For the last quarter, Altice USA posted net income attributable to shareholders at $78.3 million, against $106.2 million earned in the second quarter of 2022.

That was on overall revenues falling 5.6 percent to $2.32 billion. The Zack Consensus Estimate had forecast revenues to be $2.33 billion, down 5.4 percent from the year-ago quarter. Residential revenue declined 5.7 percent year-on-year to $1.84 billion during the latest second quarter.

Altice USA offers Internet broadband, video and mobile phone services to around 5 million residential and business customers across…

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