Optimum Communications (OPTU) Q3 2026 earnings summary

Executive summary

• Q3 revenue was $2,000,060, down YoY; Adjusted EBITDA was $773,732, down 7%. Net loss attributable to stockholders widened to $2,884,125, including $3,200,000 of non-cash franchise impairment charges.

• Nine-month revenue fell to $6,089,131 and Adjusted EBITDA to $2,348,477; net loss attributable to stockholders was $5,335,801, including $5,900,000 of franchise impairments.

Financial highlights

• Q3 operating loss was $3,058,566 versus $1,164,784 in 2025; nine-month operating loss was $5,252,606 versus $510,203. Impairments and other operating items drove much of the deterioration.

• Q3 net loss per share was $10.24 versus $2.55; nine-month loss per share was $13.38 versus $2.92.

• Q3 Adjusted EBITDA was $773,732 versus $830,657; nine-month Adjusted EBITDA was $2,348,477 versus $2,433,483.

• Nine-month operating cash flow was $477,599; cash capital expenditures were $974,771 and Free Cash Flow deficit was $497,172.

Outlook and guidance

• Substantial doubt exists about the ability to continue as a going concern: cash and projected future flows plus committed financing are insufficient for debt maturities within 12 months; refinancing, restructuring, extensions or new capital are being pursued without assurance of success.

• Principal debt maturities include $4,115,000 in April 2027 and $2,225,000 in July 2027; management said liquidity plans may not succeed.

• Programming rates are expected to increase; continued FTTH construction and HFC upgrades may require higher-than-anticipated capex and could face delays or fail to deliver expected benefits.