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a altice Earnings Release ALTICE USA REPORTS FIRST QUARTER 2021 RESULTS NEW YORK ( April 28 , 2021 ) - Altice USA ( NYSE : ATUS ) today reports results for the first quarter ended March 31 , 2021 . Dexter Goei , Altice USA Chief Executive Officer , said : " I am delighted to share that 2021 is off to a great start , positioning us well for the rest of the year . We continue to see increased demand for broadband and higher speeds as we accelerate our best - in - class network performance through our investments in fiber and enhance our product offerings . Our team's ongoing commitment to serving our customers continues to be reflected by our strong broadband customer results and financials in the quarter . Furthermore , we delivered best - ever first quarter free cash flow performance , supporting an incremental $ 523 million in share repurchases . Earlier this month we closed our Morris Broadband acquisition , and we continue to look for opportunities to expand our footprint to complement our numerous organic growth opportunities , including accelerated new builds and fiber upgrades . " Key Financial Highlights • • • • • • • Total Revenue grew + 1.2 % YoY in Q1 2021 to $ 2.48 billion , driven by Broadband revenue growth of + 9.6 % YOY . Net income attributable to stockholders was $ 274.1 million in Q1 2021 , or $ 0.58 / share on a diluted basis , compared to a net loss of ( $ 0.9 ) million in Q1 2020 , or $ 0.00 / share on a diluted basis . Net cash flows from operating activities were $ 749.6m in Q1 2021 , compared to $ 593.6m in Q1 2020 . Adjusted EBITDA ( 1 ) increased + 4.2 % YoY in Q1 2021 to $ 1.07 billion with a margin of 43.4 % ( growth of + 3.7 % YoY and a margin of 44.1 % ex - mobile ( 2 ) ) . Cash capex of $ 212.8 million in Q1 2021 represented 8.6 % of revenue , and was down 28.9 % YoY mainly due to reduced FTTH and CPE spend . Operating Free Cash Flow ( 1 ) for Q1 2021 increased + 17.7 % YoY to $ 862.0 million , reflecting Adjusted EBITDA growth and lower capital spending on a YoY basis . Free Cash Flow ( 1 ) increased + 82.3 % YoY in Q1 2021 to $ 536.8 million . • Share repurchases were approximately $ 522.7 million in Q1 2021 . Q1-21 Summary Financials ( $ k ) Revenue Net income ( loss ) attributable to Altice USA , Inc. stockholders . Adjusted EBITDA ( ¹ ) . Capital Expenditures ( cash ) . Revenue and Adjusted EBITDA Detail Q1-21 Total Revenue Growth YoY + 1.2 % Residential Revenue Growth YoY . + 1.3 % Business Services Revenue Growth YoY . + 0.7 % News & Advertising Revenue Growth YoY . ( 0.4 ) % Adjusted EBITDA Growth YoY . + 4.2 % Adjusted EBITDA Margin . 43.4 % Adjusted EBITDA Margin ex - mobile . 44.1 % 1 Three Months Ended March 31 , 2021 $ 2,478,821 2020 $ 2,450,256 274,136 1,074,805 ( 858 ) 1,031,379 212,791 299,082