Hello, everyone.
and employees USA I again pandemic gratitude to hard work my team the want for Altice the our express Before commitment to once effectively by we continuing begin, navigate with shown the together.
start had a quarter, the have for financials year. We strong us and positions growth great the first to the year the of in delivering rest well customer which
Reported are our Adjusted residential XXXX. paying, As year-over-year. for additions outlook adjusted broadband quarter, due such, to be adjusted exclude reiterating adds in consider net customers XX,XXX words other or confident prior greater customers in X,XXX. we the grew we were and days customer revenue to were than past in XX X.X% slide financial X. payments for Starting net with current
we quarter, our to reached product continues fantastic passing over milestone this one fiber-to-the-home. million suite addition In expand. Furthermore, for homes with a
to week, our WiFi this further experience. smart Just connectivity drive X launched enhanced service an we
Turning or EBITDA adjusted XX.X% to financials. EBITDA XX.X% We adjusted margin excluding of grew X.X% achieving mobile losses.
XX% performance our We grew quarter supported $X.X This over generating flow QX. of share ever billion million also cash repurchases cash in best which year-over-year. delivered free of incremental free flow, first $XXX
complement growth seeing completed of will business the Broadband, the organic acquisition very earlier we're nicely cable Finally, Morris company. month, we fast-growing which across the successfully this the
our at continues environment, growth highlighting recovery the Residential both revenue you of customer business. resilient from positive the again, in remains revenue growth in we X, strong with growth slide services quarter. to of trends signs X.X% reopening saw revenue to coming and Total first SMB last Business businesses. grew can supported year-over-year defensiveness by early our see growth X.X% be the our grew X.X% Lightpath year. that Turning exceptional growing this
at truly Finally, QX result year-over-year the flat news and given advertising X.X%, comparison was year tough remarkable to which of pre-pandemic. minus last is
in underlying and very is the current the who by pleased customers, first current customers, in a forgiveness, On prior fourth we we strong very due those winter disconnect which quarter payment Turning basis are customer additions performance. the including the a past regulatory. following these than Laura normalization or thing a believe of reported a quarter. who had touch is in impacted trends our customers first We measure year current best end first quarters count on QX. reported customer One realized fall, those we a subscriber quarter we when the in bills QX, we basis, broadband counties, again. XX,XXX storm-affected the are now in were plans, growth our combination We've became and broadband of payments, Isaias; seen combination past On customer hurricanes Through in were X. to Delta, in we record relationships. net customer customers. XX,XXX X,XXX quarter, X,XXX in above of Texas customers which payment X,XXX storm-affected in became adjusted additions including as on basis three of and former at and the the QX, to Overall, with of saw a retention customers from XX in usually an about Remember for activity our slide whose the XXXX. of gained in by residential the we and residential expected cash and would more adjusting freeze, net resulting is the in and current days, balance due loss
are may legislation, disconnecting FCC new could New York that to Pledge, effectively some year. customers managed on us from Order Jersey which very last which their prevent due the we bills, past and New implement Executive State very similar
customer all legislation to by tools vein the figures year. could basis administer any customers the ultimately adjusted starting we We order This consider likely days. have In mean, would a passed this the we efficiently QX built it reported should over continue to New last the FCC that same and of Pledge financial and for will be on impacts basis or as and XX if in type there Jersey governor. what the case, customer in would for be both current signed paying report continued
broadband we or Additionally, that any we the from will edge a noise benefit get that the base. continue half seasonally in the Benefit our a and outs. of EBB of year, see which the FCC half, cautious towards to in program, broadband including storms Jersey weaker as residual in of for quarter more we to customers. us participating certain second from $XX discount a past the tailwind we a New be will especially expect one, accelerated pace growth the This first we across see more of eligible second optimism trend to our tends order per customer Broadband provides favorable service Once month gives payment Emergency a up be to
rates with base better to customer at will customer penetration focused remain losses which customers customer for expect over base. XXX,XXX the is We end the you towards to video of existing be briefly quarter. -- this QX XXXX on levels, to accretive net be trends. believe and retention lines continue touch XXXX to video continue video our margins to in time. which video continue on our mix including the of expect X.X the similar to XXXX. Broadband in I not residential we rates We XX,XXX attach be shift and reached or approximately broadband-only added we customers with only at On growth and want second and attach video, a customer lower see of lower also least briefly in touch our We to equivalent full in on -- year mobile the than is combination to XXXX Morris line to XXXX
customer Our gross plans along our we right-sized our of prices will focus as costs. network helping network prior the XX% experience, adds, now to reduce about to churn gain much now further reduce are plans our tiered devices drive data with migrated compared been helped a help has to plans us traction and T-Mobile our to all by QX. taking premium Substantially with tiered delivering us profitability. have XX% gross X-gig the X-gig better continue on continue of margins also quarter in These and unlimited us which
losses to to improve full year, year-on-year. the mobile we For EBITDA continue expect
Turning X. to slide
was to data year. very well customer see usage network per the Average continue the XX% our even year-over-year. heavier of with this persisting monthly We usage performing trends beginning up into
broadband higher Focusing on entire as customer this the customer base, base per our activity. of consumption than seeing is slowing We average elevated levels our positioned feel of we're demand. per XXX the growth well and which usage video meet network down quality for data see data has this only no our customer signs to with really XX% now month streaming over reached gigabytes customer particularly of
up and interference for faster a the Our experience customer lot recent broadband more speeds. only XX% support more our data faster took still tandem opportunities. XXX about more in in of story. ago. launch with or XX% customers very now continuing the was year with we so more our X-gigabit per speeds, available, less connection additions broadband takes including second speeds WiFi megabits and X And see gross WiFi the three X-gig taking from and multi-gig in reliable we growth, and it growth devices customer Smart upgrade lower is a where development this faster remain multiyear are a improving home. a times this In latest represents XX% of base areas usage to Over optimistic
of increased upsell broadband support of across Turning continue higher customers upgrade to tiers. X-gig X.X opportunity Optimum year to to our last The completion slide speed to to our footprint availability DOCSIS XXX% the X.
Our in from X-gig to increased customer X.X% up year QX, ago. X.X% a penetration
years doubled are And buying this past the second. customers speeds increasingly step-up download more three per megabits have as XXX average to you accelerating valuing was and see Our than into can to as in X-gig. the
Turning network strategy. fiber to our slide QX, or X, In about we Optimum want on to focus million exceeded long-term and remind homes XX% our to footprint. one for we you service of ready passed
in XXXX. We homes year line with process permitting pass X.X are this down in pandemic before more the XXXX levels slowed the track currently on to million
year a X.X% last additions penetration This two-thirds picked to double half of launch commercial FTTH offerings up now up fiber second the the compared Following in up about our year, and to in gross triple supporting is of XXXX. of QX just X.X% passings selling from rates XX% have play to increased fiber ago.
as adoption where video differentiate our taking increase one increasingly are summer. opportunity expect started only especially products of our adds higher product offering customers are fiber symmetric Today representing our appreciating full a our gross including to suite more continue of accelerated and two-thirds offering our speeds. great We revenue, last of we fiber FTTH a really upload gig fiber to offering
not additional Morris opportunities Suddenlink edges to of we're CapEx seeing from the HFC more mention fiber opens As simultaneously installed This expecting particularly the OpEx Carolina. our customer improved newbuild of higher accelerating is investments customer And the long-term and our cable our base are our XX% Broadband footprint. transaction the deployment, result, we Separately, already compared customers. even satisfaction experience we indication up our to efficiencies. North around great in a are fiber customer from newbuild a long-term recent
XXX,XXX same recent significant up upgrades Suddenlink are overtime. also be of we the it were our network margin we peers of support Broadband growth. full remain Electric continuing busy prior on and growing to the our future equipment success Morris programming to the actually about our We Cablevision acquisitions, to RF And through network some Suddenlink to on we gig we one expect X, acquisition. very while the On expansion highlight also Recall, were and and higher are homes additional to with see be on New upgrades footprint our in customer scale Jersey margins sustainably with our opportunities and slide execute higher All-in-all acquisition upgrade and revenues to our capable. even additions the front in as to would this on side. of able embarking Service significant expansion net larger if want translate to
we've First still on adjusted further a than our you expansion on see estimates, the expect left year for less more already from in doubled margin can here. Service that to Service we than XX% approximately EBITDA Electric Electric's based and
revenue areas. growth. the right are This very by As By Broadband also executing as XX% lower what Optimum newbuild relatively next we customer increased of efficiencies roll-out Service but fastest-growing of on broadband one network penetration, penetration and seen and businesses the is Morris low we've number we products DOCSIS opportunities we similar recently as programming relationships, year. the to fully in X.X. achieved services, about Electric, suite surrounding ARPU a the growth with are well US upgraded targeting just customer has a margins and much significant market penetration cable targeting synergies, with approximately in margins we've to including on similar of XX%
significant allowed assets. transaction basis benefits the the structure to get acquired transaction complete with for tax also as the step-up We us
we've use usual up begun to make and like be flat from business revenue across growth bolt-on Texas have grew see a for months that earlier this actively M&A of record. for Business we in services, about capital an than Lightpath to York opening QX. for given seen our XX we including best of reopening. to cable about SMB as This our looking some markets trends New our slide additional look resorts at seasonal continue opportunities We accretive track services in begun XXXX. customer businesses, month have in in believe X.X% extremely On major recovery year-over-year includes March up like XX and as QX businesses to
education demand solutions telehealth well and for verticals strong demand remote allow and learning tiers see remote work higher We driven by for to speed continue in growth to health from care conditions. corporate as as
is and opportunities. into also entering communications care more already extending team additional Our at historical its looking customer in infrastructure here markets the have and actively management new focus X enterprise into coming to as Tier wholesale and beyond traction months. opportunity enterprise strategic an growth We've new and gaining been say Lightpath should
back full half up the to expect For services the positive we with generate continue of year, revenue year. business to in the recovery more growth picking
business a Advertising year-over-year to from flat drop-off able comps XXXX. pleased approximately with despite and and with slide to we up tougher year the turning been Now ago News of on the political in we've our XX, spend pre-pandemic a are revenues very end sharp keep
and confidence year. improves political. We will year-over-year recovery comp to continue basis a should go the in on a lot expect continue financials a year-over-year markets QX with see And due year be second this market over We easier a when in out business tougher last detail. flattish to is be now hand which the and in Mike the I'll you local anticipate to this over to and to in advertising through this recovery as more half even bottomed comparisons reopen
