"Total Revenue -- $2.2 billion, a 2.3% decline year over year, primarily driven by a nearly 10% reduction in video revenue, and an 8% decrease in news and advertising revenue (excluding political, +6%). Broadband Subscribers -- Net loss of 62,000 subscribers, ending at 4.2 million; fiber customers reached 716,000, up 33% year over year, with 12,000 fiber net additions for the quarter due to a moderated migration pace."
"Gross Margin -- Reached 69.5%, up 180 basis points year over year, driven by product mix shift and disciplined programming cost management. Adjusted EBITDA -- $902 million, a 7.7% increase year over year; margin expanded by 380 basis points to 41.3%, marking the highest figure in sixteen quarters and surpassing the 40% milestone. Free Cash Flow -- Approximately $200 million generated in the quart"
Total revenue fell to $2.2 billion, down 2.3% year over year, mainly from declines in video and news and advertising revenue. Broadband registered a net loss of 62,000 subscribers but fiber customers increased 33% to 716,000, with moderated fiber migration adding 12,000. Video lost 49,000 subscribers, the smallest quarterly decline in over five years, with new tiers exceeding 15% of the video base. Mobile lines grew 35% to 623,000 with improved churn. Residential ARPU rose modestly to $134.49 while broadband ARPU reached $76.71. Gross margin expanded to 69.5% and adjusted EBITDA hit $902 million, with operating expenses down roughly $60 million and free cash flow around $200 million.
Read at The Motley Fool
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