Altice USA (NYSE:ATUS) is up 2.8% postmarket after posting Q4 earnings where revenues ticked up nearly 3% and it guided for more of the same in 2018.
Net income came to $2.25B, incorporating a tax benefit of $2.42B.
EBITDA was up 11.7% to $1.04B, light of consensus for $1.057B.
The company saw residential broadband net adds of 25,000 (vs. year-ago +36,000), net losses in Pay TV RGUs of 25,000 (vs. year-ago -21,000), and telephony net adds of 10,000 (vs. year-ago -4,000).
Business services revenue rose 5.5% driven by SMB revenues that rose 7.5%.
For 2018, it's guiding to revenue growth of 2.5%-3%, and to increase investment (in Altice One, fiber-to-the-home deployment and new MVNO investment) keeping with annual capex of around $1.3B. It still expects to expand EBITDA and cash flow margins in the medium to long term