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altice Earnings Release ALTICE USA REPORTS THIRD QUARTER 2021 RESULTS NEW YORK ( November 4 , 2021 ) - Altice USA ( NYSE : ATUS ) today reports results for the third quarter ended September 30 , 2021 . Dexter Goei , Altice USA Chief Executive Officer , said : " Revenue trends in Advertising and Business Services continue to improve but our main focus in the near - term is returning to broadband customer growth and accelerating investment in our Residential business . Today we are announcing strategic measures to enhance the Company's product portfolio and customer experience , including footprint expansion , fiber and network upgrades , as well as investments in simplified and converged offerings that support consumer needs , and a rapid expansion of sales distribution channels . I am optimistic that by advancing these key initiatives we will drive long term sustainable growth and value for all of our stakeholders . " Key Financial Highlights • • • • • • Total Revenue grew + 5.8 % YoY in Q3 2021 to $ 2.57 billion , driven by Residential growth of + 2.2 % YoY , Business Services growth of + 21.7 % YoY , and News & Advertising growth of + 15.7 % YoY . Net income attributable to stockholders was $ 266.9 million in Q3 2021 ( $ 0.58 / share on a diluted basis ) compared to net loss - $ 4.7 million Q3 2020 ( - $ 0.01 / share on a diluted basis ) . Net cash flows from operating activities were $ 698.3 million in Q3 2021 , compared to $ 659.1 million in Q3 2020 . Adjusted EBITDA ( 1 ) grew + 3.4 % YoY in Q3 2021 to $ 1.16 billion with a margin of 45.2 % ( 46.2 % ex - mobile ( 2 ) ) . Cash capex of $ 309.2 million in Q3 2021 represented 12.0 % of revenue , and was up 53.4 % YoY driven by accelerated FTTH , new builds , and Suddenlink network upgrades . Operating Free Cash Flow ( 1 ) of $ 855.6 million in Q3 2021 , decreasing -7.5 % YoY , reflecting higher cash capex . Free Cash Flow ( 1 ) of $ 389.1 million in Q3 2021 , decreasing -15.0 % YoY , reflecting higher cash capex and taxes . Share repurchases of $ 79.4 million in Q3 2021 ( $ 804.9 million YTD ) . Q3-21 Summary Financials Three Months Ended September Nine Months Ended September 30 , 30 , ( $ k ) Revenue 2021 $ 2,574,882 Net income attributable to Altice USA , Inc. stockholders . Adjusted EBITDA ( ¹ ) . 266,853 Capital Expenditures ( cash ) . 1,164,804 309,172 2020 $ 2,433,986 ( 4,695 ) 1,126,670 201,572 2021 $ 7,569,711 2020 $ 7,359,221 738,649 3,344,211 105,711 3,263,834 845,067 729,377 1