May 9, 2018 / 8:11 PM / a year ago

Altice USA revenue rises on Suddenlink additions, higher ad revenue

May 9 (Reuters) - U.S. cable TV provider Altice USA Inc reported a 1.2 percent rise in first-quarter revenue on Wednesday as the company added more Suddenlink residential subscribers and advertising revenue rose.

Altice added 14,000 Suddenlink residential subscribers in the first three months of 2018, compared with the 12,000 added a year earlier.

Revenue rose 1.2 percent to $2.33 billion, with advertising revenue up 5.1 percent.

However, Altice posted a bigger loss as spending on programming surged.

Net loss attributable to stockholders widened to $129 million, or 17 cents per share, in the quarter, from $76.4 million, or 12 cents per share, a year earlier.

Cable TV companies are battling the so-called "cord-cutting", as viewers drop their cable packages and move to streaming services such as Netflix Inc.

Altice has been stepping up efforts to cushion the impact from cord-cutting.

The company last year launched Altice One, a set-top box that combines traditional video, online streaming services and WiFi as well as other features. (Reporting by Muvija M in Bengaluru and Sheila Dang in New York; Editing by Sriraj Kalluvila)

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