Olsen Michael sold $15K of OPTU

Optimum Communications (NYSE: OPTU) reported Q2 mobile growth, adding about 50,000 net mobile lines to 724,000 total, up ~33% YoY, and said mobile and broadband convergence penetration reached ~9%. Broadband net losses were ~40,000 and video net losses ~46,000. Total revenue fell 5.8% YoY, while gross margin rose to 71% and adjusted EBITDA margin to 38.8%.

Optimum Communications (NYSE:OPTU) reported Q2 CY2026 revenue of $2.02 billion, down 5.8% year on year, missing Wall Street expectations. GAAP EPS was a loss of $0.67, which was below analysts’ consensus. The article also cites declining subscriber trends and an operating margin of 8.2% in the quarter, with the stock down 4.2% to $0.76 after results.

Optimum Communications, Inc. (OPTU) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 a2026q2exhibit991.htm EX-99.1 Document OPTIMUM REPORTS SECOND QUARTER 2026 RESULTS NEW YORK (August 6, 2026) -- Optimum Communications, Inc. (NYSE: OPTU) today reports results for the second quarter ended June 30, 2026. Dennis Mathew, Optimum Chairman and Chief Executiv

Optimum Communications (NYSE: OPTU) shares rose 4.8% after CSC Investments II LLC reported final tender-offer results, buying 120M Class A shares for $300M at $2.50/share. The offer expired June 30 and was oversubscribed (246M+ shares), accepted proportionally. The buyback reduces shares outstanding; company also cited debt restructuring plans.

Optimum Communications (NYSE: OPTU) shares rose 9.1% in the afternoon after the company said it surpassed 700,000 mobile lines. Optimum attributed the growth to consumer demand for its affordable connectivity and said the milestone reflects progress in its business transformation, according to the company. The stock is highly volatile, and the article notes it is down 31.7% year to date.

Optimum Communications (NYSE:OPTU) shares opened higher after a prior close of $0.6582, gapping up to $1.19 and last trading at $1.2350 on Monday. Analysts cited mixed views: Citigroup cut its target to $0.50 and downgraded to sell; Evercore set $1.25. Insider Michael Olsen sold 20,000 shares at $1.59.