Thanks, Hello everyone. Nick.
than just Before our roles to most years. that and as Financial XX recently want I our Chief for finance begin to a at planning welcome new USA. moment Altice of leadership prior financial held and take Cablevision Officer led various Mike to The more organization I control
So his LTC take him directors insights strategic and me Charlie I'm of welcome, forward his want opportunity the ongoing look Charlie and its to advisor to for to I on to Mike. I member exemplary our also continuing new board to thank Sotheby's. a initiatives. on valuable role as delighted USA, of for he takes at at leadership and as
previously initial the effectively X X.X% margin Mobile growth we've for making ramp-up sales QX. online of LTS X.X% we over primarily event sales slower anticipated which in channel had launched September. those with our summary expected. a slowed grew on Slide Based e-commerce up X, revenue year XXXX advertising da due expect handset slightly the year adjusted x wireless rate X.X% we growth mobile in although stepped revenue as bit on seen Altice approximately prior as EBIT now as available was from in to and since of contribution political the in we lower to flat Starting year on QX, we absence had losses, the a left equipment
Note XXXX remain few in growth channels open faster free leverage to expect Mobile. phasing ramp-up that next other in sales unchanged. mostly to our guidance result margins the cash and it's the for Altice this flow for weeks of revenue We in since in
advantage to for $X.X we and of QX in reach of Given of we ahead and free flow buyback year cash target. in happy revenue confidence initial were billion increases our our this of take XXXX to available total our anticipated acceleration a liquidity
things that core the I customer unification on well driven Our which numerous pull deliver one third our perform and and by quarter best BSS helped and continuous to the Altice in OSS comfortable the will company This and us make to investments. ever back which of continues September network to improved the come shortly. the trigger This Optimum performance of benefits underlying business should broadband platforms One performance. Suddenlink bring to the is very video
growth we Fiber On expect built. top Altice the start into the of coming the new homes marketing more months and to we continuing in Altice and benefit boost Mobile all from of heavily to we've additional expect Altice XXXX from One
leadership and News Jon Altice our combined Steinberg. under businesses have we the Additionally of Advertising Altice
This should year. expect is synergies marketing in well-timed our political ahead significant big we the expanding advertising what be bring another especially national to share of of
shape. and We of refinancing capital of also great sheet completed QX over activity leaving structure $X balance debt further a our simplification in in our billion
we breakdown revenue total X the show Slide On of growth.
before X.X% supported customer consumption revenue in X.X% later-than-normal the rate with Business likely speeds we since in of similar which June. rate Our event QX business previously well year trends the relationships again we both residential Services We'll grew of reaccelerating X.X% as from flagged grew as increase in We as data levels and half from first next lapped year. in better higher down growth Residential year-over-year and last XX%. broadband a growing up unique the QX customer take slowing data see further benefit from
Advertising in drop in of advertising a about $XX revenue as and News year-over-year. declined QX political combined million saw X.X% newly Our divisions we
our advanced aX of revenue advertising and and news Cheddar. political Excluding advertising X.X% the platform success grew by driven
on we seen of reported ever and underlying for net Slide a third On additions for basis which X quarter and we've show of customer that which both performance in best the the platforms about gross Optimum's a resulted the impact the both deactivated the transition temporary was period a loss onetime as during adjusted illustrate migration planned. OSS/BSS additions platforms an the to in week of Suddenlink for were
BSS the the migration, prior we left estimate you customer hand the residential would quarter relationships residential to basis, flat was can that the been in in the on OSS migration, side, the for QX that line customers for we one. in LTS see unique a On you video adjusting of see seen compared OSS In of since can resilient the BSS XXXX. residential were we've QX we reported with trends the estimate additions the losses have XXXX. XX,XXX launched the adjusted middle slide, XXXX. QX Continuing
QX estimate we as last the we On ahead for the year, that adjusting was been hand record saw the which migration, right XX,XXX the would broadband have for XX,XXX a significantly better than side broadband of on In year. basis, $XX,XXX ads prior the
This avoiding and future. in last losses net up to should which into couple likely XXXX similar significantly years we the we're seeing customer churn as to underlying roll-offs improve of have QX year-over-year costs levers many normalize we gross is this and will would year from trend QX. mean but in in Although positive caution adds churn continue about next higher-than-normal extrapolating related promotional
reduce our market where customers base helping our up have Altice year. increase representing highlights and share. One penetration progress the X% gross our video we from of take of over One in last X with penetration is XXXXXX now us again churn additions XX% QX about Altice Slide
adding video On Netflix. joining Altice recently Prime are side video One Amazon announced we service we the to
on platform. way widen content over YouTube this services we when streaming are as be aggregate able similar more have ready available do distribution. our made to partners the other and time and We'll to services to in a streaming help
data growth. usage support our underpinning on On the to revenue broadband growing built-in broadband advanced side continues Wi-Fi Altice One's network router
speeds Slide and X higher data. shows consistently more more and taking our using customers broadband are
the XXX following second left fourfold launch speed you years all see network Altice the can of the average our customers per the in to three have megabits of of past upgrades increased One. and our On about over
coming be following Optimum's the fiber network will months we'll multi-gig footprint In increasingly parallel available services gig DOCSIS across upgrade our services our well. upgrade. have launching we With X.X as X
data take megs. shows On found to slowing And grow gigabits this trend the than XXX connected take XXX see video right average data down. with in-home an services. is streaming data usage is being most of XX you than that customers meg can driven used Remember signs data over usage we customers household XX% year-over-year less our a usage of that XXX of continues over that that with no than correlated devices to more have per more XX% speeds on speed by average month
which continued the benefit for services Given of proliferation streaming heart in we our at positioned well of new broadband from growth we do. everything to demand the services feel is very
On Slide X since in September we with talk the unlimited launched the update Mobile U.S. attractive about most offer an we with market. Altice in
we and At existing We a have $XX $XX good generated is in just noncustomers for we which had start mobile $X X lines for USA our for simple XXXXX around QX plan and for us. with end think revenue of Altice of million the footprint. unlimited a or customers everything month
We're slightly far but We've focus process customer normal so open our of is on-boarding can the bring-your-own device handset teething options to training sales launch. different initial since plan channels. up initial modification all working which launch original issues target a for we're for expecting year. limited through is service and which new any we been just our higher to stores revenue more our had agents once manage the this so have Our has been the product sales sales on explains retail any we the service customer currently and optimizing and volumes
volume as of We to sales are our as which key see of we many preparing you've peers. the with handset launch a seen accelerating online
Slide of us we've around this. upgrades. ready cost. X as this permits an leveraging to the our This the Altice today other on of as in and the fiber network cable state up our case the now commercially and service relatively is We of deploy plan is Remember to low at technology we've we're for position which to ramped do way especially or expertise we build Optimum homes companies following footprint DOCSIS network including is is XX% year sister fiber initiatives ideally view some the Fiber future fiber-to-the-home superior fiber of an available a a end like from our received. key over the already how rights update construction reached XXXXXX since existing where
interference DOCSIS We soon with and Node+X the have trying architecture believe of is migration as with subject as we're seen same to all deep customer DOCSIS up a possible. and future anyway. But separately. will improve you the end to a issues maintenance will plan and which completed iterations on to that as eliminate save mentioned I FTTH Separately service costs before we experience fiber
make cash so simplify OpEx before to and This new Sorry simplified Remember as radically which integrated platform savings the including agility I million expecting unified annual bills customer which also This with give we flow our This next of one us flow and about Suddenlink billing we're to decisions. the as OSS/BSS will million savings. will reporting us more a significant of migration the initial $XX help products win inquiries. the $XX including for completed about is services Optimum us we to platforms. launch analytics have reduce mentioned of year through allow will can company a better will we tools.
who now through some hand us Mike of detail. to financials this more And will the I'll take over in