Optimum Communications, Inc. (OPTU) Q2 2026 Earnings Call August 6, 2026 8:30 AM EDT
Company Participants
Sarah Freedman – Investor Relations Officer
Dennis Mathew – CEO & Chairman
Marc Sirota – Chief Financial Officer
Conference Call Participants
Samuel McHugh – BNP Paribas, Research Division
Vikash Harlalka – New Street Research LLP
Craig Moffett – MoffettNathanson LLC
Michael Rollins – Citigroup Inc., Research Division
Presentation
Operator
Good day, everyone. Welcome to the Optimum Communications Conference Call. [Operator Instructions] This call is being recorded. If you have any objections, please disconnect at this time.
I’d now like to turn the call over to Sarah Freedman, Vice President of Investor Relations. Please go ahead.
Sarah Freedman
Investor Relations Officer
Thank you, and good morning. Welcome to the Optimum’s Second Quarter 2026 Earnings Call. I am joined today by Optimum’s Chairman and Chief Executive Officer, Dennis Mathew; and Chief Financial Officer, Marc Sirota. Dennis and Marc will walk you through our second quarter results and then be available for a question-and-answer session.
Before we begin, I’d like to remind everyone that today’s presentation contains forward-looking statements. Please take a moment to review the cautionary language regarding forward-looking statements included on Slide 2 of our presentation. We will also reference certain non-GAAP financial measures today. Reconciliations to the most directly comparable GAAP measures can be found in our earnings release, which is available on the Investor Relations section of our website.
With that, I’ll turn the call over to Dennis.
Dennis Mathew
CEO & Chairman
Thank you, Sarah, and good morning, everyone. Our second quarter results reflect disciplined execution. We generated total revenue of approximately $2 billion and adjusted EBITDA of $786 million. Broadband subscriber net losses improved sequentially to 40,000. We added approximately 50,000 mobile lines and convergence ARPU grew year-over-year. We expanded gross margin and adjusted EBITDA margin, including operating expense improvement of approximately $30 million year-over-year.