Optimum Communications reported a net loss of $291.8 million ($0.67 per diluted share) for the quarter ended June 30, 2026, compared to a $96.3 million loss in the prior year period. Total revenue declined 5.8% year-over-year to $2.02 billion, driven by a 6.7% drop in residential revenue. Adjusted EBITDA decreased 2.2% to $785.7 million with an expanded margin of 38.8%. The company recorded net broadband losses of 40k subscribers but added 50k mobile lines, its best second-quarter performance. Concurrently, the company completed a cash tender offer for 120 million shares at $2.50 per share and issued Series A Preferred Units in a private placement.
