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altice Earnings Release ALTICE USA REPORTS SECOND QUARTER 2021 RESULTS NEW YORK ( July 28 , 2021 ) - Altice USA ( NYSE : ATUS ) today reports results for the second quarter ended June 30 , 2021 . Dexter Goei , Altice USA Chief Executive Officer , said : “ As the states and businesses in which we operate have been reopening more widely , Altice USA has seen an acceleration in revenue growth led by Advertising and Business Services . Our Residential business remains extremely focused on achieving faster broadband customer growth going forward from a faster pace of footprint expansion and network upgrades including fiber . We are delighted to have announced recently the new Optimum Mobile brand as the first step in the Company's plan to align all its connectivity brands under one national Optimum brand , and we continue to invest in innovative new products such as Optimum Stream to support increased video streaming activity which is driving broadband data usage . " Key Financial Highlights • • • • • • Total Revenue grew + 1.7 % YoY in Q2 2021 to $ 2.52 billion , driven by Broadband revenue growth of + 7.8 % YoY and News & Advertising revenue growth of + 36.4 % YoY . Net income attributable to stockholders was $ 197.7 million in Q2 2021 , or $ 0.43 / share on a diluted basis , compared to net income of $ 111.3 million in Q2 2020 , or $ 0.19 / share on a diluted basis . Net cash flows from operating activities were $ 729.5 million in Q2 2021 , compared to $ 936.0 million in Q2 2020 . Adjusted EBITDA ( 1 ) flat ( -0.1 % ) YoY in Q2 2021 at $ 1.10 billion due to one - time cost savings in Q2 2020 , with a margin of 43.9 % ( 44.8 % ex - mobile ( 2 ) ) . Cash capex of $ 323.1 million in Q2 2021 represented 12.8 % of revenue , and was up 41.3 % YoY driven by accelerated FTTH , new builds , and Suddenlink network upgrades . Operating Free Cash Flow ( 1 ) of $ 781.5 million in Q2 2021 , decreasing -10.9 % YoY , reflecting higher cash capex . Free Cash Flow ( 1 ) of $ 406.4 million in Q2 2021 , decreasing -42.5 % YoY , reflecting higher cash capex and higher cash interest and taxes . Share repurchases of $ 202.8 million in Q2 2021 ( $ 725.5 million YTD ) . Q2-21 Summary Financials Three Months Ended June 30 , ( $ k ) 2021 Revenue $ 2,516,008 2020 $ 2,474,979 Six Months Ended June 30 , 2021 $ 4,994,829 2020 $ 4,925,235 Net income attributable to Altice USA , Inc. stockholders . 197,660 Adjusted EBITDA ( ¹ ) . 1,104,602 Capital Expenditures ( cash ) . 323,104 111,264 1,105,785 228,723 471,796 2,179,407 535,895 110,406 2,137,164 527,805 Revenue Growth and Adjusted EBITDA Detail Q2-21 Total Revenue YoY + 1.7 % Residential Revenue Growth YoY . ( 0.1 ) % Business Services Revenue Growth YoY . + 1.8 % News & Advertising Revenue Growth YoY .. + 36.4 % Adjusted EBITDA Growth YoY . ( 0.1 ) % Adjusted EBITDA Margin 43.9 % Adjusted EBITDA Margin ex - mobile 44.8 % 1