Advertising, Athena shine in Altice Q3 amid pay TV anguish

Altice USA continued the trend with 28,000 pay TV subscriber losses during the third quarter, yet finances impressed with revenue up 4.1% to over $2.4 billion – hoisting net income to a record high $33.7 million. But before we assess Altice USA’s third quarter in more detail, let’s take a look at the full picture – which looks something like 225,000 video losses for the top 5 US cablecos in Q3 and a catastrophic year to date loss of 814,000. Third quarter results for 4 of the top 6 US cablecos have been published (Comcast, Charter, Mediacom and Altice), just leaving CableOne to go, while we cannot include Cox Communications due to it being a private company. CableOne has been…