Optimum Q2 Revenue $2.02B (-5.8%); Net Loss ($291.8M)

Optimum Communications reported Q2 2026 results with total revenue of $2.02 billion, a 5.8% year-over-year decrease. The company's net loss attributable to stockholders widened significantly to ($291.8) million, or ($0.67) per diluted share, compared to ($96.3) million in Q2 2025. Adjusted EBITDA decreased by 2.2% to $785.7 million, though the margin expanded to 38.8%. Free Cash Flow turned negative at ($91.9) million. Operationally, the company saw its best second-quarter mobile line growth with +50k net additions and expanded gross and Adjusted EBITDA margins, despite continued broadband net losses of 40k. The company also completed a $300 million private placement of preferred units and a $300 million cash tender offer for 120 million shares.