Altice USA, Inc. (NYSE:ATUS) Q1 2023 Results Conference Call May 3, 2023 4:30 PM ET

Company Participants

Nick Brown - EVP, Corporate Finance and Development

Dennis Mathew - CEO

Marc Sirota - CFO

Conference Call Participants

Phil Cusick - JPMorgan

Brett Feldman - Goldman Sachs

Craig Moffett - MoffettNathanson

Doug Mitchelson - Credit Suisse

John Hodulik - UBS

Ben Swinburne - Morgan Stanley

Jonathan Chaplin - New Street

Kannan Venkateshwar - Barclays

Peter Supino - Wolfe Research

Michael Rollins - Citi

Operator

Greetings, and welcome to the Altice USA First Quarter 2023 Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn the call over to Nick Brown, EVP of Corporate Finance and Development. Thank you. You may begin.

Nick Brown

Hello, everyone. Thank you for joining. We are joined today by Altice USA's CEO, Dennis Mathew; and our new CFO, Marc Sirota, who together will take you through the presentation and then be available for questions. As today's presentation may contain forward-looking statements, please read the disclaimer on Slide 2.

Dennis, please go ahead.

Dennis Mathew

Thanks, Nick, and hello, everyone. I'm pleased to be here to discuss Altice USA's Q1 2023 results. But before we begin, I want to take a moment to thank our employees across the entire organization. During the last 60 days, we've welcomed a new telecoms management team, and we continue to attract strong leadership talent across the organization.

We introduced a new mission and strategy and accelerated a culture of teamwork and accountability by putting the customer at the center of everything we do. And while we certainly have more work to do, I'm incredibly proud of how the team has rallied around our strategy to be the connectivity provider-of-choice across all the communities that we serve. And I thank everyone for their endless commitment, teamwork and energy.

So let's jump into the results, starting on Slide 3 with a summary of our first quarter performance. Last quarter, I shared that we were looking deeply into our go-to-market packages and that mobile would take on a more meaningful role. While I'm pleased to share that as you may have seen this week, we launched Optimum Complete, our exciting new internet and mobile-converged bundle offer.

This is an important milestone for us and something I've been heavily focused on with the team to ensure we bring to market a differentiated and customer-friendly offer that delivers real value and transparency. I'll go into more detail on this later in the presentation, but I'm pleased that even ahead of this launch, we started to see an acceleration in our mobile customer growth in Q1.