v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Revenue $ 2,023,703 $ 2,147,203 $ 4,089,071 $ 4,299,485
Operating expenses:        
Programming and other direct costs 587,654 662,690 1,218,783 1,333,221
Other operating expenses 655,956 696,867 1,316,159 1,395,053
Restructuring, impairments and other operating items (See Note 7) 206,968 66,826 2,934,597 88,448
Depreciation and amortization 407,076 409,697 813,572 828,182
Total operating expenses 1,857,654 1,836,080 6,283,111 3,644,904
Operating Income (Loss), Total 166,049 311,123 (2,194,040) 654,581
Other income (expense):        
Interest expense, net (475,576) (444,659) (933,395) (872,675)
Gain (loss) on investments and sale of affiliate interests (10,958) 0 (10,958) 5
Gain (loss) on interest rate swap contracts, net 0 430 2,398 (1,289)
Loss on extinguishment of debt and write-off of deferred financing costs 0 (1,693) (106,045) (1,693)
Other expense, net (315) (834) (844) (1,797)
Total other income (expense) (486,849) (446,756) (1,048,844) (877,449)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total (320,800) (135,633) (3,242,884) (222,868)
Income tax benefit 38,671 47,647 83,779 63,611
Net loss (282,129) (87,986) (3,159,105) (159,257)
Net income attributable to noncontrolling interests (9,632) (8,265) (16,727) (12,670)
Net Income (Loss) Attributable to Parent, Total $ (291,761) $ (96,251) $ (3,175,832) $ (171,927)
Net loss per share:        
Basic and diluted net loss per share $ (0.67) $ (0.21) $ (6.93) $ (0.37)
Basic weighted average common shares (in thousands) 445,703,000 467,744,000 458,988,000 466,311,000
Diluted income (loss) per share attributable to Optimum Communications, Inc. stockholders $ (0.67) $ (0.21) $ (6.93) $ (0.37)
Basic and diluted weighted average common shares (in thousands) 445,703,000 467,744,000 458,988,000 466,311,000
Cash dividends declared per common share $ 0 $ 0 $ 0 $ 0