Thanks, everyone. into starting a – Slide communities entire have to X. thank our take keep who Altice connected. to Nick. to been I’m Hello, to jumping working USA team My straight first moment tirelessly the point
products, a mobile, and an critical role we play responsibility broadband, TV, in essential crisis, As service it’s news, very this take seriously. time our of
customers a Broadband of we’ve and responders Advantage, and Through the students, connected of For needs. Students, keeping communities including Altice pledge schools programs Wi-Fi for during this first and variety FCC time safe and Free free been
certainly all, every by and I dedication ongoing by am ethics it an for displayed the teams work each unprecedented day. our and inspired While time
shortly, I’ll QX the highlights. about detail into community let our core X.X% our of QX grew strength go summarize year-over-year. me was which our Total efforts XX% of more growth by revenue so in driven business, broadband
our service net the achieving broadband for best performance demand record Altice excluding additions broadband a Advantage. with quarterly seen XX,XXX have We ever
demand, and our in half doubled of XX% March of in To which our increase more speeds support ongoing Suddenlink footprint. Additionally, usage. XX% the voluntary available upgrades we Optimum deployment of now and month-on-month network pace of accelerated our footprint the was than gig speed network over in X is broadband data almost this
year-over-year. excluding X% with was flow XX% strong up free losses up and EBITDA flat year-over-year our growth and in mobile cash Adjusted
this completing our accelerated this share Given our market repurchases sell-off, X% the of opportunistically this year, almost months. share free $X $XXX retired the outstanding billion shares four and that first total in in only flows following quarter million April we we our over severe means XX, dislocation XX% of and in for price including
Our billion, to of of a from as debt-to-EBITDA. you X we bit here net in the expect should remains a $X.X so buyback year this times target slowdown target our leverage remain to repurchases X.X of for pace on year-end committed
services and many As an are organization, positioned though which as been of in as giving we very There some performing advertising peers increasing and businesses, our our have SMB the our around well reliance are highlighted well. networks has uncertainties well.
we on For this that for outlook providing gain later year update intend we expectations revenue more reason, visibility. as on and EBITDA an the
outline cash in we revenue, driven management, and in remain ongoing However, working improvement capital. growth as CapEx cost reduced later, Mike by confident flow and our to ability will EBITDA reduced free deliver in expectations, XXXX cost interest
as some Moving see the we recent from wanted QX, to an the as a more respond pandemic. of on we relatively to QX, where our to of impact were well Slide although highlighting minute limited in spend expect impacts COVID-XX to in to initiatives X,
First, seen on broadband higher and residential SMB demand we’ve the within both speeds businesses. positive significant increases side, in our for
advertising temporarily bad debt However, customers increase close our it’s stay-at-home had which to and possibility SMB have revenues. raises restrictions, many to local retail of the their operations, impacting
spends, outlets our own our reduced and is we’ve particular. volumes handset marketing which sales mobile our XX% closed in own retail Additionally, of impacting and
management. our the accelerate tools as digitization from payments We more for sales are to an taking of opportunity digital thriving support business account to adding whole this online and
programs local customers outs, impact customers to taken health delays and enhanced and this and we’ve are reduced and well-being our employee are steps solutions year. our seeing remote initiatives working which established we’ve Fiber-To-The-Home support driving roll of and we The for communities. employees safety as network is CapEx many such paramount, Elsewhere, permitting so some expectations
collaborating signed agencies this need ensure connectivity we schools the been during example, and for assist hospitals, business to waiving to FCC’s critical and For have with to public pledge other they that entities. help we consumers government including fees services We’ve first time. responders and they the connected
have We of for Wi-Fi no made and the Internet like year at through end Altice several students. school programs Student Advantage, the available cost
customers efforts. committed million has in $XX our and company relief business the recovery support community to Finally, small their
also our Clubs management are to charities our percentage a America, pledge Boys to America, has like team support of Girls communities. of supporting local salaries Additionally, our the & committed which Feeding and
we although this opportunity presents summary, business. a for In us that time a think is as of time, is a this challenging lot
Moving on continue see of our Slide in solid to business, performance revenue to and speaking X QX. we
XX% continued about revenue in revenue Residential X.X% revenues. of to We core well our perform grew business, which which residential of total our is was driven broadband XX% by growth year-over-year,
QX. X.X% in standalone broadband mix mainly from about half products, driven XX.X% Cheddar. ongoing in to towards growth and and events saw news quarter advertising QX, Business strong speeds QX and rate being broadband grew broadband by of recent driven by we our is shift growth business at in aX This higher impact at our a which targeted services uptiering advertising grew ad
and performance through or compares XX,XXX net QX also itself last seen This April. the Altice quarterly additions business added broadband customers. additions Student We XX,XXX including XX,XXX or Slide at translates to in XXXX, This addition. a record year for to performance exceptionally customer Altice illustrate in Advantage. and XX,XXX customer the our we which broadband ever Advantage best residential continue performance was core we’ve relationship including to XX,XXX unique X, good relationships an X,XXX residential Turning good
accelerated customer programming as mainly video, rate additions. we last pass-throughs this lower pace ad gross see event attachment a by year of in driven to an our with quarter. XX,XXX continue inflation On QX bigger rate highlighted for with of declines cost video This and is losses we
trend reduced CapEx margins cash is promo the as economic with on better for and bundled on a is video outlays The lower additions actually attachment rate as well. positive attractive us gross very not free flow
these also down flow seen materially. losses However, in we April, have
Altice out we Additionally, in the better at video which XXXX, end of contributed to QX One Suddenlink XXXX. performance rolled in
remains and to long However, business customers that valuable still are double and us highly tenured of a an play we customers. number and important have significant video triple bundled
paying ten more. For have of customers five coming with to or been example, approximately our or Those half been years rack with customers third customers rate videos more. us years promo. us for are have our for and closer One on in for
revenue our X, exceptionally the Moving see you demand broadband customer for growth. on and Page strong our can offering to underpinning
upgrades mentioned speed in Optimum our in in before, more stay-at-home than broadband put from doubled month-over-month, March I place. penetrating As restrictions
gigabits was Total mainly per period in up growth the was close driven to customer averaging same data similar usage XXX March. streaming. a percentage increase This XX% in over video
such and We in of gaming, other also as applications conferencing popular as saw well. VPN peers online usage the many as services of our video increases material have seen,
these seeing with in a resurgence trend. usage our a in many We usage reduction lot costs voice right very two fixed now a plenty out-of-home We as from are it’s roaming are network performing in in line handle years the increased and of home. last invested mobile of capacity currently customers to also of well working our
gigabit cable the than available Optimum half made the deployment broadband Fiber in service continued of Technologies, of X.X we footprint. and With DOCSIS more X have now
an get sales, X acceleration XX% As the are already to only a in we’ve result, slide Gig next in now. right whereas shows seen up we March, starting started
The megabits our progression now Turning customers. than higher the XXX X, triple see average just broadband USA’s can years Altice more is by down, long-term you to speeds what of customer Slide saw even three among clearly we speeds taken more ago. base
That’s million upgrade XXX that time. are subscribers importantly, our of more X.X certain over still two-thirds less. or about only about But will takes we base megabits
availability more We with gigabit our have Suddenlink X to in across doubling including USA. footprint XX% Optimum rapidly across of QX Altice expansion XXXX, deployed than the overall capability
gig offerings sell-in through broadband rest to available. of our availability footprint speeds. launch was X for of additions X track continue gig fiber later of of this XXXX And to to Increasing areas still Optimum’s rest The opportunity bundled are XX% the year. higher the upsell in commercial where we all gross rate on increases
speeds opportunity savings. opportunities for to OpEx CapEx faster will customers long-term and our with allow additional us significant Our deliver even Fiber-to-the-Home to
remain about we core optimistic summary, our very business. connectivity In
update additions reaching an net mobile XX,XXX business. XXX,XXX That’s lines provides almost a of base. on X our had Slide We’ve we subscribers with QX launched good penetration a since our in last subscriber total year. momentum broadband X% September in
March, offer retail and we closed in in have slowdown our stores However, volume. seen have a we introductory since ended
our RAN our cellular offloads a in in be impacts added from So lighter during Wi-Fi XX% consumption increased of though, positive are terms QX in There month margins and two the last reducing revenue. will stay-at-home. data on we’ve seen first, lines decline network costs likely
and closed. improving sales stores secondly, with our spend And We our we and the preparations product our customer service experience marketing well and offering broadening handset while reduced underway of the continued remain expansion XG for line-up launch. on have focused are
begun working We of them partnership with are to and all we’ve customers. share are our with network up that opening our new excited also accelerate very actively T-Mobile to their to
services, on business some provide how unique this XX, Slide On color wanted business performing to time. given we to the turning is
in but markets effective that all is flag Of of and only revenues. is and total our that, business auto only roughly of to sectors such small our services as First percentage hospitality dealers. of a it’s services SMB, is XX% important two-thirds restaurants, business
We some COVID-XX our impacted customers. other of maybe enterprise expect than customers our SMB by more
additions which strength We encouraging. have seen a slowdown in very churn is March, remains however since stable, gross
Both our connectivity difficult value demand Additionally, It increase use the services time. customer of similar customers we SMB elements important speeds alarm increased our from is and to SMB seeing retention service also to majority of their voice our take broadband residential that SMB to note to systems. our and these customers the of for our higher vast during business, are utility for our base. this
shutdown been on customer efforts, the have aimed retention including extremely introducing during and businesses. focused at credits community our relief small program We
Lightpath such of customer in our Carrier our this sectors. wholesale business in enterprise services and Our by total the as we revenue are share as education, these market provider government, verticals large is over leading about footprint accounts one-third healthcare, for of in half which represents base, key
less that be expect been continue closures the COVID-related These and by we verticals affected to have case. to
to service customers their in the services conferencing support We are like Internet management also remote an with seeing secured Enterprise solutions. work of number upgrading and increase
will At Texas With reopening good which businesses our Arkansas of and however, will us indicator we into that visibility this the process in already for all a this have are perform. when early reopen. point, of provide said, limited markets on how week,
XX% SMB You the of see our business chart that in can Suddenlink, represents here services revenue. about
secured telecom’s confident are and are our services central network infrastructure that we businesses. these services to Overall,
makes seen have we auto. XX, our local in Slide for such most some to advertising, industries in revenue advertising business. that Advertising total and local to Like peers, affected of the and affected and only roughly the hospitality as only Turning perspective which one-third of is that news ad represents of most important News up cancellations our some It’s X%. put X% our and
one QX this two typically in to QX. outlook restrictions. months what’s than depends businesses order duration these national ahead, seen partly to more likely advertising stay-at-home As for impact is on of The
we’ve brands retail altogether. suspend seen For spends presence example, national their with marketing
of which their earlier, political about last Our the in business markets namely noted to expectations indicator which on back. west positively advertisers of roughly in revenue year in advertising good of The factors, contribute XXXX. as to in are is the a political $XX schedules incremental lot second is a our for likely advertising was coming is levels. in necessary and a normal reopening leading that of some the year process back still half, spend news large I full Remember, of depend will the national return million
Cheddar the TV side XXX% seeing in trends very business, traffic, viewership increase XXX% on a viewership we a in a the with website of Cheddar viewership. XX% And in TV increase are positive news increase newsXX and
And the in who now, financials will I’ll hand over Mike, take more through detail. you to
