Basic net income (loss) per common share attributable to Optimum Communications stockholders is computed by dividing net income (loss) attributable to Optimum Communications stockholders by the weighted average number of common shares outstanding during the period. Diluted income per common share attributable to Optimum Communications stockholders reflects the dilutive effects of stock options, restricted stock, restricted stock units, and deferred cash-denominated awards. For awards that are performance based, the dilutive effect is reflected upon the achievement of the performance criteria.

The Preferred Units outstanding as of June 30, 2026 have cumulative, non-forfeitable rights to dividends. The net loss attributable to common shareholders for the three and six months ended June 30, 2026 was increased by the amount of preferred dividends accumulated for the respective periods.

The holders of the Preferred Units have no contractual obligation to share in the losses of the Company. Accordingly, no allocation of the net loss was allocated to the Preferred Units under the two-class method.

The following table presents the reconciliation of the numerators and denominators used in the basic and diluted net loss per common share calculations for the three and six months ended June 30, 2026, and 2025:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Net loss attributable to Optimum Communications stockholders	$	(291,761)	$	(96,251)	$	(3,175,832)	$	(171,927)
Accrued dividends on Redeemable Preferred Units	(6,833)		—		(6,833)		—
Adjusted net loss attributable to Optimum Communications stockholders	(298,594)		(96,251)		(3,182,665)		(171,927)
Weighted-average common shares outstanding — basic and diluted	445,703		467,744		458,988		466,311
Net loss per common share:
Basic and diluted	$	(0.67)	$	(0.21)	$	(6.93)	$	(0.37)

For the three and six months ended June 30, 2026, and 2025, we were in a net loss position. Accordingly, the inclusion of shares of incremental potential common stock from options, restricted stock units, and cash denominated performance awards were excluded from the computation of diluted loss per share because their effect would have been anti-dilutive. As a result, basic and diluted loss per share are identical for the periods presented.

Net income (loss) per membership unit for CSC Holdings is not presented since CSC Holdings is a limited liability company and a wholly-owned subsidiary of Optimum Communications.