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OPTIMUM COMMUNICATIONS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In thousands, except share amounts) June 30, 2026(Unaudited) December 31, 2025 ASSETS Current Assets: Cash and cash equivalents $ 1,296,270 $ 1,012,201 Restricted cash 62,994 107,384 Accounts receivable, trade (less allowance for credit losses of $27,505 and $35,389, respectively) 310,476 335,820 Prepaid expenses and other current assets ($445 and $475 due from affiliates, respectively) 267,344 189,391 Total current assets 1,937,084 1,644,796 Property, plant and equipment, net of accumulated depreciation of $10,394,257 and $9,835,958, respectively 8,257,432 8,351,391 Right-of-use operating lease assets 223,862 243,626 Other assets 139,771 120,341 Amortizable intangibles, net of accumulated amortization of $6,560,958 and $6,461,571, respectively 581,250 702,467 Indefinite-lived cable franchise rights 8,900,000 11,600,000 Goodwill 8,041,217 8,041,217 Total assets $ 28,080,616 $ 30,703,838 LIABILITIES AND STOCKHOLDERS' DEFICIENCY Current Liabilities: Accounts payable $ 782,708 $ 816,860 Interest payable 438,439 413,709 Accrued employee related costs 139,923 206,192 Deferred revenue 183,906 147,139 Debt 4,147,837 60,842 Other current liabilities ($6,860 and $27,029 due to affiliates, respectively) 375,004 406,280 Total current liabilities 6,067,817 2,051,022 Other liabilities 338,348 316,398 Deferred tax liability 4,040,607 4,232,867 Right-of-use operating lease liability 232,859 250,407 Long-term debt, net of current maturities 22,402,928 26,145,372 Total liabilities 33,082,559 32,996,066 Commitments and contingencies (Note 14) Redeemable preferred units 508,594 — Stockholders' Deficiency: Preferred stock, $0.01 par value, 100,000,000 shares authorized, no shares issued and outstanding — — Class A common stock: $0.01 par value, 4,000,000,000 shares authorized, 295,509,858 shares issued and 283,694,377 outstanding as of June 30, 2026 and 288,381,276 shares issued and 287,413,647 outstanding as of December 31, 2025 2,955 2,884 Class B common stock: $0.01 par value, 1,000,000,000 shares authorized, 490,086,674 issued, 108,866,013 shares outstanding as of June 30, 2026 and 183,019,831 shares outstanding as of December 31, 2025 1,830 1,830 Class C common stock: $0.01 par value, 4,000,000,000 shares authorized, no shares issued and outstanding — — Paid-in capital 245,128 252,553 Accumulated deficit (5,748,849) (2,573,017) (5,498,936) (2,315,750) Treasury stock, at cost (11,815,481 shares of Class A common stock at June 30, 2026 and 967,629 at December 31, 2025 and 74,153,348 shares of Class B common stock as of June 30, 2026) (57,411) (10) Accumulated other comprehensive income 7,155 1,604 Total Optimum Communications stockholders' deficiency (5,549,192) (2,314,156) Noncontrolling interests 38,655 21,928 Total stockholders' deficiency (5,510,537) (2,292,228) Total liabilities and stockholders' deficiency $ 28,080,616 $ 30,703,838 See accompanying notes to consolidated financial statements. 2 OPTIMUM COMMUNICATIONS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) (Unaudited) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Revenue $ 2,023,703 $ 2,147,203 $ 4,089,071 $ 4,299,485 Operating expenses: Programming and other direct costs 587,654 662,690 1,218,783 1,333,221 Other operating expenses 655,956 696,867 1,316,159 1,395,053 Restructuring, impairments and other operating items (See Note 7) 206,968 66,826 2,934,597 88,448 Depreciation and amortization 407,076 409,697 813,572 828,182 1,857,654 1,836,080 6,283,111 3,644,904 Operating income (loss) 166,049 311,123 (2,194,040) 654,581 Other income (expense): Interest expense, net (475,576) (444,659) (933,395) (872,675) Gain (loss) on investments and sale of affiliate interests (10,958) — (10,958) 5 Gain (loss) on interest rate swap contracts, net — 430 2,398 (1,289) Loss on extinguishment of debt and write-off of deferred financing costs — (1,693) (106,045) (1,693) Other expense, net (315) (834) (844) (1,797) (486,849) (446,756) (1,048,844) (877,449) Loss before income taxes (320,800) (135,633) (3,242,884) (222,868) Income tax benefit 38,671 47,647 83,779 63,611 Net loss (282,129) (87,986) (3,159,105) (159,257) Net income attributable to noncontrolling interests (9,632) (8,265) (16,727) (12,670) Net loss attributable to Optimum Communications, Inc. stockholders $ (291,761) $ (96,251) $ (3,175,832) $ (171,927) Net loss per share: Basic and diluted net loss per share $ (0.67) $ (0.21) $ (6.93) $ (0.37) Basic and diluted weighted average common shares (in thousands) 445,703 467,744 458,988 466,311 Cash dividends declared per common share $ — $ — $ — $ — See accompanying notes to consolidated financial statements. 3 OPTIMUM COMMUNICATIONS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (In thousands) (Unaudited) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Net loss $ (282,129) $ (87,986) $ (3,159,105) $ (159,257) Other comprehensive income (loss): Defined benefit pension plans 7,012 4,511 7,591 2,971 Applicable income taxes (1,886) (1,216) (2,042) (801) Defined benefit pension plans, net of income taxes 5,126 3,295 5,549 2,170 Foreign currency translation adjustment (15) 938 2 884 Other comprehensive income 5,111 4,233 5,551 3,054 Comprehensive loss (277,018) (83,753) (3,153,554) (156,203) Comprehensive income attributable to noncontrolling interests (9,632) (8,265) (16,727) (12,670) Comprehensive loss attributable to Optimum Communications, Inc. stockholders $ (286,650) $ (92,018) $ (3,170,281) $ (168,873) See accompanying notes to consolidated financial statements. 4 OPTIMUM COMMUNICATIONS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIENCY(In thousands) (Unaudited) Class A Common Stock Class B Common Stock Paid-in Capital Accumulated Deficit Treasury Stock Accumulated Other Comprehensive Income (Loss) Total Optimum Communications Stockholders' Deficiency Non-controlling Interests Total Deficiency Balance at January 1, 2026 $ 2,884 $ 1,830 $ 252,553 $ (2,573,017) $ (10) $ 1,604 $ (2,314,156) $ 21,928 $ (2,292,228) Net loss attributable to Optimum Communications stockholders — — — (2,884,071) — — (2,884,071) — (2,884,071) Net income attributable to noncontrolling interests — — — — — — — 7,095 7,095 Pension liability adjustments, net of income taxes — — — — — 423 423 — 423 Foreign currency translation adjustment — — — — — 17 17 — 17 Share-based compensation expense (equity classified) — — 7,565 — — — 7,565 — 7,565 Distributions to an entity under common control — — (3,446) — — — (3,446) — (3,446) Other, net 58 — (5,827) — — — (5,769) — (5,769) Balance at March 31, 2026 $ 2,942 $ 1,830 $ 250,845 $ (5,457,088) $ (10) $ 2,044 $ (5,199,437) $ 29,023 $ (5,170,414) Net loss attributable to Optimum Communications stockholders — — — (291,761) — — (291,761) — (291,761) Net income attributable to noncontrolling interests — — — — — — — 9,632 9,632 Pension liability adjustments, net of income taxes — — — — — 5,126 5,126 — 5,126 Foreign currency translation adjustment — — — — — (15) (15) — (15) Share-based compensation expense (equity classified) — — 3,789 — — — 3,789 — 3,789 Distributions to an entity under common control — — (1,461) — — — (1,461) — (1,461) Accrued dividends related to redeemable preferred units — — (6,833) — — — (6,833) — (6,833) Common shares held by a subsidiary (See Note 9) — — — — (57,401) — (57,401) — (57,401) Other, net 13 — (1,212) — — — (1,199) — (1,199) Balance at June 30, 2026 $ 2,955 $ 1,830 $ 245,128 $ (5,748,849) $ (57,411) $ 7,155 $ (5,549,192) $ 38,655 $ (5,510,537) See accompanying notes to consolidated financial statements. 5 OPTIMUM COMMUNICATIONS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIENCY (Continued)(In thousands) (Unaudited) Class A Common Stock Class B Common Stock Paid-in Capital Accumulated Deficit Treasury Stock Accumulated Other Comprehensive Loss Total Optimum Communications Stockholders' Deficiency Non-controlling Interests Total Deficiency Balance at January 1, 2025 $ 2,799 $ 1,842 $ 233,953 $ (703,993) $ (10) $ (3,826) $ (469,235) $ 12,403 $ (456,832) Net loss attributable to Optimum Communications stockholders — — — (75,676) — — (75,676) — (75,676) Net income attributable to noncontrolling interests — — — — — — — 4,405 4,405 Pension liability adjustments, net of income taxes — — — — — (1,125) (1,125) — (1,125) Foreign currency translation adjustment — — — — — (54) (54) — (54) Share-based compensation expense (equity classified) — — 11,587 — — — 11,587 — 11,587 Other, net 46 — (8,543) — — — (8,497) — (8,497) Balance at March 31, 2025 $ 2,845 $ 1,842 $ 236,997 $ (779,669) $ (10) $ (5,005) $ (543,000) $ 16,808 $ (526,192) Net loss attributable to Optimum Communications stockholders — — — (96,251) — — (96,251) — (96,251) Net income attributable to noncontrolling interests — — — — — — — 8,265 8,265 Pension liability adjustments, net of income taxes — — — — — 3,295 3,295 — 3,295 Foreign currency translation adjustment — — — — — 938 938 — 938 Share-based compensation expense (equity classified) — — 12,054 — — — 12,054 — 12,054 Distributions to noncontrolling interests — — — — — — — (26,452) (26,452) Other, net 9 — (1,160) — — — (1,151) — (1,151) Balance at June 30, 2025 $ 2,854 $ 1,842 $ 247,891 $ (875,920) $ (10) $ (772) $ (624,115) $ (1,379) $ (625,494) See accompanying notes to consolidated financial statements. 6 OPTIMUM COMMUNICATIONS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited) Six Months Ended June 30, 2026 2025 Cash flows from operating activities: Net loss $ (3,159,105) $ (159,257) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization 813,572 828,182 Indefinite-lived cable franchise rights impairment 2,700,000 — Loss (gain) on investments, sale of assets or sale of affiliate interests 10,958 (5) Loss on extinguishment of debt and write-off of deferred financing costs 106,045 1,693 Amortization of deferred financing costs and discounts (premiums) on indebtedness 32,406 8,138 Share-based compensation expense 20,616 31,615 Deferred income taxes (200,891) (260,615) Decrease in right-of-use assets 21,802 22,401 Non-cash exchange of shares for redeemable preferred units 156,555 — Allowance for credit losses 39,616 30,589 Other 3,156 1,253 Change in operating assets and liabilities, net of effects of acquisitions and dispositions: Accounts receivable, trade (31,839) 2,590 Prepaid expenses and other assets (117,538) (62,685) Amounts due from and due to affiliates (20,139) 15,072 Accounts payable and accrued liabilities (58,699) 114,732 Interest payable 24,730 (3,242) Deferred revenue 56,232 23,425 Interest rate swap contracts 932 5,562 Net cash provided by operating activities 398,409 599,448 Cash flows from investing activities: Capital expenditures (627,729) (739,643) Payments for acquisitions, net of cash acquired — (7,616) Proceeds related to sale of equipment, net of costs of disposal 12,138 2,337 Other, net (7,260) (633) Net cash used in investing activities (622,851) (745,555) Cash flows from financing activities: Proceeds from long-term debt 2,856,954 675,000 Repayment of debt (2,544,621) (404,839) Principal payments on finance lease obligations (12,636) (92,579) Additions to deferred financing costs (128,130) — Proceeds from issuance of redeemable preferred units, net 289,197 — Distributions to noncontrolling interests — (26,452) Other, net (13,268) (15,148) Net cash provided by financing activities 447,496 135,982 Net increase (decrease) in cash and cash equivalents 223,054 (10,125) Effect of exchange rate changes on cash and cash equivalents 2 884 Net increase (decrease) in cash, cash equivalents and restricted cash 223,056 (9,241) Cash, cash equivalents and restricted cash at beginning of year 1,141,443 256,824 Cash, cash equivalents and restricted cash at end of period $ 1,364,499 $ 247,583 See accompanying notes to consolidated financial statements. 7 CSC HOLDINGS, LLC AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In thousands, except unit amounts) June 30, 2026(Unaudited) December 31, 2025 ASSETS Current Assets: Cash and cash equivalents $ 1,283,691 $ 1,001,919 Restricted cash 62,994 107,384 Accounts receivable, trade (less allowance for credit losses of $27,505 and $35,389, respectively) 310,476 335,820 Prepaid expenses and other current assets ($10,239 and $2,821 due from affiliates, respectively) 277,273 191,909 Total current assets 1,934,434 1,637,032 Property, plant and equipment, net of accumulated depreciation of $10,394,257 and $9,835,958, respectively 8,257,432 8,351,391 Right-of-use operating lease assets 223,862 243,626 Other assets 151,005 132,205 Amortizable intangibles, net of accumulated amortization of $6,560,958 and $6,461,571, respectively 581,250 702,467 Indefinite-lived cable franchise rights 8,900,000 11,600,000 Goodwill 8,041,217 8,041,217 Total assets $ 28,089,200 $ 30,707,938 LIABILITIES AND MEMBER'S DEFICIENCY Current Liabilities: Accounts payable $ 782,708 $ 816,860 Interest payable 438,439 413,709 Accrued employee related costs 139,923 206,192 Deferred revenue 183,906 147,139 Notes payable to affiliate (Note 13) 78,500 82,500 Debt 4,147,837 60,842 Other current liabilities ($6,860 and $27,230 due to affiliates, respectively) 358,193 388,298 Total current liabilities 6,129,506 2,115,540 Other liabilities 295,904 268,802 Deferred tax liability 4,040,607 4,232,867 Right-of-use operating lease liability 232,859 250,407 Long-term debt, net of current maturities 22,402,928 26,145,372 Total liabilities 33,101,804 33,012,988 Commitments and contingencies (Note 14) Redeemable preferred units 508,594 — Member's deficiency (100 membership units issued and outstanding) (5,567,008) (2,328,582) Accumulated other comprehensive income 7,155 1,604 Total member's deficiency (5,559,853) (2,326,978) Noncontrolling interests 38,655 21,928 Total deficiency (5,521,198) (2,305,050) Total liabilities and member's deficiency $ 28,089,200 $ 30,707,938 See accompanying notes to consolidated financial statements. 8 CSC HOLDINGS, LLC AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands) (Unaudited) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Revenue $ 2,023,703 $ 2,147,203 $ 4,089,071 $ 4,299,485 Operating expenses: Programming and other direct costs 587,654 662,690 1,218,783 1,333,221 Other operating expenses 657,640 701,609 1,319,610 1,401,314 Restructuring, impairments and other operating items (See Note 7) 206,968 66,826 2,934,597 88,448 Depreciation and amortization 407,076 409,697 813,572 828,182 1,859,338 1,840,822 6,286,562 3,651,165 Operating income (loss) 164,365 306,381 (2,197,491) 648,320 Other income (expense): Interest expense, net (476,848) (446,062) (935,952) (875,493) Gain (loss) on investments and sale of affiliate interests (10,958) — (10,958) 5 Gain (loss) on interest rate swap contracts, net — 430 2,398 (1,289) Loss on extinguishment of debt and write-off of deferred financing costs — (1,693) (106,045) (1,693) Other expense, net (315) (834) (844) (1,797) (488,121) (448,159) (1,051,401) (880,267) Loss before income taxes (323,756) (141,778) (3,248,892) (231,947) Income tax benefit 39,292 48,760 85,041 65,212 Net loss (284,464) (93,018) (3,163,851) (166,735) Net income attributable to noncontrolling interests (9,632) (8,265) (16,727) (12,670) Net loss attributable to CSC Holdings, LLC sole member $ (294,096) $ (101,283) $ (3,180,578) $ (179,405) See accompanying notes to consolidated financial statements. 9 CSC HOLDINGS, LLC AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (In thousands) (Unaudited) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Net loss $ (284,464) $ (93,018) $ (3,163,851) $ (166,735) Other comprehensive income (loss): Defined benefit pension plans 7,012 4,511 7,591 2,971 Applicable income taxes (1,886) (1,216) (2,042) (801) Defined benefit pension plans, net of income taxes 5,126 3,295 5,549 2,170 Foreign currency translation adjustment (15) 938 2 884 Other comprehensive income 5,111 4,233 5,551 3,054 Comprehensive loss (279,353) (88,785) (3,158,300) (163,681) Comprehensive income attributable to noncontrolling interests (9,632) (8,265) (16,727) (12,670) Comprehensive loss attributable to CSC Holdings, LLC sole member $ (288,985) $ (97,050) $ (3,175,027) $ (176,351) See accompanying notes to consolidated financial statements. 10 CSC HOLDINGS, LLC AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF MEMBER'S DEFICIENCY (In thousands) (Unaudited) Member's Deficiency Accumulated Other Comprehensive Income Total Member's Deficiency Noncontrolling Interests Total Deficiency Balance at January 1, 2026 $ (2,328,582) $ 1,604 $ (2,326,978) $ 21,928 $ (2,305,050) Net loss attributable to CSC Holdings, LLC sole member (2,886,482) — (2,886,482) — (2,886,482) Net income attributable to noncontrolling interests — — — 7,095 7,095 Pension liability adjustments, net of income taxes — 423 423 — 423 Foreign currency translation adjustment — 17 17 — 17 Share-based compensation expense (equity classified) 7,565 — 7,565 — 7,565 Distributions to an entity under common control (3,446) — (3,446) — (3,446) Balance at March 31, 2026 $ (5,210,945) $ 2,044 $ (5,208,901) $ 29,023 $ (5,179,878) Net loss attributable to CSC Holdings, LLC sole member (294,096) — (294,096) — (294,096) Net income attributable to noncontrolling interests — — — 9,632 9,632 Pension liability adjustments, net of income taxes — 5,126 5,126 — 5,126 Foreign currency translation adjustment — (15) (15) — (15) Share-based compensation expense (equity classified) 3,789 — 3,789 — 3,789 Optimum shares held by a subsidiary (Note 9) (57,401) — (57,401) — (57,401) Accrued dividends related to redeemable preferred units (6,833) — (6,833) — (6,833) Distributions to an entity under common control (1,461) — (1,461) — (1,461) Other (61) — (61) — (61) Balance at June 30, 2026 $ (5,567,008) $ 7,155 $ (5,559,853) $ 38,655 $ (5,521,198) See accompanying notes to consolidated financial statements. 11 CSC HOLDINGS, LLC AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF MEMBER'S DEFICIENCY (Continued) (In thousands) (Unaudited) Member's Deficiency Accumulated Other Comprehensive Loss Total Member's Deficiency Noncontrolling Interests Total Deficiency Balance at January 1, 2025 $ (468,197) $ (3,826) $ (472,023) $ 12,403 $ (459,620) Net loss attributable to CSC Holdings, LLC sole member (78,122) — (78,122) — (78,122) Net income attributable to noncontrolling interests — — — 4,405 4,405 Pension liability adjustments, net of income taxes — (1,125) (1,125) — (1,125) Foreign currency translation adjustment — (54) (54) — (54) Share-based compensation expense (equity classified) 11,587 — 11,587 — 11,587 Cash distributions to parent (8,547) — (8,547) — (8,547) Balance at March 31, 2025 $ (543,279) $ (5,005) $ (548,284) $ 16,808 $ (531,476) Net income attributable to CSC Holdings, LLC sole member (101,283) — (101,283) — (101,283) Net income attributable to noncontrolling interests — — — 8,265 8,265 Pension liability adjustments, net of income taxes — 3,295 3,295 — 3,295 Foreign currency translation adjustment — 938 938 — 938 Share-based compensation expense (equity classified) 12,054 — 12,054 — 12,054 Distributions to noncontrolling interests — — — (26,452) (26,452) Distributions to parent (1,148) — (1,148) — (1,148) Balance at June 30, 2025 $ (633,656) $ (772) $ (634,428) $ (1,379) $ (635,807) See accompanying notes to consolidated financial statements. 12 CSC HOLDINGS, LLC AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited) Six Months Ended June 30, 2026 2025 Cash flows from operating activities: Net loss $ (3,163,851) $ (166,735) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization 813,572 828,182 Indefinite-lived cable franchise rights impairment 2,700,000 — Loss (gain) on investments, sale of assets or sale of affiliate interests 10,958 (5) Loss on extinguishment of debt and write-off of deferred financing costs 106,045 1,693 Amortization of deferred financing costs and discounts (premiums) on indebtedness 32,406 8,138 Share-based compensation expense 20,616 31,615 Deferred income taxes (201,155) (260,615) Decrease in right-of-use assets 21,802 22,401 Non-cash exchange of shares for redeemable preferred units 156,555 — Allowance for credit losses 39,616 30,589 Other 3,156 1,253 Change in operating assets and liabilities, net of effects of acquisitions and dispositions: Accounts receivable, trade (31,839) 2,590 Prepaid expenses and other assets (116,608) (61,370) Amounts due from and due to affiliates (27,788) 15,712 Accounts payable and accrued liabilities (52,173) 123,518 Interest payable 24,730 (3,242) Deferred revenue 56,232 23,425 Interest rate swap contracts 932 5,562 Net cash provided by operating activities 393,206 602,711 Cash flows from investing activities: Capital expenditures (627,729) (739,643) Payments for acquisitions, net of cash acquired — (7,616) Proceeds related to sale of equipment, net of costs of disposal 12,138 2,337 Other, net (7,260) (633) Net cash used in investing activities (622,851) (745,555) Cash flows from financing activities: Proceeds from long-term debt 2,856,954 675,000 Repayment of debt (2,548,621) (408,839) Distributions to parent — (9,738) Principal payments on finance lease obligations (12,636) (92,579) Additions to deferred financing costs (128,130) — Proceeds from issuance of redeemable preferred units, net 289,197 — Distributions to noncontrolling interests — (26,452) Other, net (6,362) (5,500) Net cash provided by financing activities 450,402 131,892 Net increase (decrease) in cash and cash equivalents 220,757 (10,952) Effect of exchange rate changes on cash and cash equivalents 2 884 Net increase (decrease) in cash, cash equivalents and restricted cash 220,759 (10,068) Cash, cash equivalents and restricted cash at beginning of year 1,131,161 246,616 Cash, cash equivalents and restricted cash at end of period $ 1,351,920 $ 236,548 See accompanying notes to consolidated financial statements. 13 OPTIMUM COMMUNICATIONS, INC. AND SUBSIDIARIES COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Dollars in thousands, except share, unit and per share amounts) (Unaudited) NOTE 1. DESCRIPTION OF BUSINESS AND RELATED MATTERS The Company and Related Matters Optimum Communications, Inc. ("Optimum Communications") was incorporated in Delaware on September 14, 2015. Optimum Communications is majority-owned by Patrick Drahi through Next Alt S.à r.l. ("Next Alt"). Patrick Drahi also controls Altice Group Lux S.à r.l., formerly Altice Europe N.V. ("Altice Europe") and its subsidiaries and other entities. Optimum Communications, through CSC Holdings, LLC (a wholly-owned subsidiary of Cablevision Systems Corporation) and its consolidated subsidiaries ("CSC Holdings", and collectively with Optimum Communications, the "Company", "we", "us" and "our"), principally delivers broadband, video, and telephony services to residential and business customers, as well as proprietary content and advertising services in the United States. We market our residential services under the Optimum brand and provide enterprise services under the Lightpath and Optimum Business brands. In addition, we offer a full service mobile offering to consumers across our footprint. As these businesses are managed on a consolidated basis, we classify our operations in one segment. The accompanying consolidated financial statements ("consolidated financial statements") of Optimum Communications include the accounts of Optimum Communications and its majority-owned subsidiaries and the accompanying consolidated financial statements of CSC Holdings include the accounts of CSC Holdings and its majority-owned subsidiaries. The consolidated balance sheets and statements of operations of Optimum Communications are essentially identical to the consolidated balance sheets and statements of operations of CSC Holdings, except for the assets and liabilities and results of operations associated with the wholly-owned subsidiary of Optimum Communications that provides insurance coverage to CSC Holdings ("Captive"), as well as additional cash and deferred tax liabilities at Optimum Communications. Additionally, CSC Holdings and its subsidiaries have certain intercompany receivables from and payables to Optimum Communications. The combined notes to the consolidated financial statements relate to the Company, which, except as noted, are essentially identical for Optimum Communications and CSC Holdings. All significant intercompany transactions and balances between Optimum Communications and its respective consolidated subsidiaries are eliminated in Optimum Communications' consolidated financial statements. All significant intercompany transactions and balances between CSC Holdings and its respective consolidated subsidiaries are eliminated in CSC Holdings' consolidated financial statements. Intercompany transactions between Optimum Communications and CSC Holdings are not eliminated in the CSC Holdings consolidated financial statements, but are eliminated in the Optimum Communications consolidated financial statements. The financial statements of CSC Holdings are included herein as supplemental information as CSC Holdings is not a Securities and Exchange Commission registrant. NOTE 2. BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") and with the instructions to Form 10-Q and Article 10 of Regulation S-X for interim financial information. Accordingly, these financial statements do not include all the information and notes required for complete annual financial statements. The interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2025. The financial statements presented in this report are unaudited; however, in the opinion of management, such financial statements include all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the results for the periods presented. The results of operations for the interim periods are not necessarily indicative of the results that might be expected for future interim periods or for the full year ending December 31, 2026. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date 14 OPTIMUM COMMUNICATIONS, INC. AND SUBSIDIARIES COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) (Dollars in thousands, except share, unit and per share amounts) (Unaudited) of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. See Note 10 for a discussion of fair value estimates. Reclassifications Certain reclassifications have been made to the 2025 amounts to conform to the 2026 presentation. Going Concern The consolidated financial statements have been prepared in accordance with generally accepted accounting principles on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. In accordance with Accounting Standards Codification (“ASC”) 205-40, Going Concern, we have evaluated whether there are conditions and events, considered in the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date the financial statements are issued. As reflected on the consolidated financial statements, as of June 30, 2026, we had cash and cash equivalents of $1,296,270, and we had principal amounts of debt of $4,122,500 maturing in April 2027 and $2,225,000 maturing in July 2027. Our ability to address these maturities depends on our ability to successfully refinance, restructure or otherwise extend such indebtedness or to raise additional capital to repay the indebtedness. Because we do not currently have committed financing or cash and cash equivalents combined with projected future cash flows sufficient to satisfy the foregoing debt maturities arising within one year after the date these consolidated financial statements are issued, substantial doubt exists about our ability to continue as a going concern within one year after the date these consolidated financial statements are issued. While management is pursuing efforts to refinance or restructure the Company’s debt, or to raise additional capital sufficient to satisfy these debt maturities, there is no assurance these efforts will be successful. The consolidated financial statements do not include any adjustments to the amount and classification of assets and liabilities that may be necessary should we not continue as a going concern. NOTE 3. ACCOUNTING STANDARDS Recently Issued But Not Yet Adopted Accounting Pronouncements ASU No. 2025-11, Interim Reporting (Topic 270)—Narrow-Scope Improvements In December 2025, the Financial Accounting Standards Board ("FASB") issued Accounting Standard Update ("ASU") No. 2025-11, Interim Reporting (Topic 270): Narrow-Scope Improvements. The update is intended to improve the navigability of interim reporting guidance and clarify the required disclosures for interim periods. Key amendments include the establishment of a comprehensive list of required interim disclosures within Topic 270 and the introduction of a disclosure principle requiring an entity to disclose events occurring since the most recent annual reporting period that have a material impact on the entity. The amendments also clarify the form and content requirements for condensed financial statements, including specific significance thresholds for financial statement captions. The ASU becomes effective for us for interim periods beginning January 1, 2028, with early adoption permitted. We are currently evaluating the impact that the adoption of this guidance will have on our consolidated financial statements and related disclosures. ASU No. 2025-06 Intangibles—Goodwill and Other—Internal-Use Software In September 2025, the FASB issued ASU 2025-06 Intangibles—Goodwill and Other—Internal-Use Software related to accounting for internal-use software costs. The amendments in this update improve the operability of the guidance by removing all references to software development project stages so that the guidance is neutral to different software development methods. ASU 2025-06 becomes effective for us on January 1, 2028, though early adoption is 15 OPTIMUM COMMUNICATIONS, INC. AND SUBSIDIARIES COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) (Dollars in thousands, except share, unit and per share amounts) (Unaudited) permitted. We are currently evaluating the impact of adopting ASU 2025-06 on our consolidated financial statements and related disclosures. ASU No. 2024-03 Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures In November 2024, the FASB issued ASU No. 2024-03 Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures, which requires disaggregated disclosures of certain categories of expenses on an annual and interim basis. ASU 2024-03 becomes effective for us for annual reporting periods beginning January 1, 2027, and interim reporting periods beginning January 1, 2028. We are currently evaluating the impact of adopting ASU 2024-03 on our consolidated financial statements and related disclosures, but we expect the adoption will result in additional disaggregation of expense captions within our footnote disclosures. NOTE 4. REVENUE The following table presents the composition of revenue: Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Residential: Broadband $ 840,919 $ 885,139 $ 1,690,958 $ 1,784,700 Video 587,830 660,540 1,190,053 1,326,108 Telephony 56,296 64,633 114,702 131,045 Mobile 52,553 37,621 102,102 74,320 Residential revenue 1,537,598 1,647,933 3,097,815 3,316,173 Business services and wholesale 366,286 361,788 730,586 725,333 News and advertising 99,978 118,771 219,652 221,181 Other 19,841 18,711 41,018 36,798 Total revenue $ 2,023,703 $ 2,147,203 $ 4,089,071 $ 4,299,485 We are assessed non-income related taxes by governmental authorities, including franchising authorities (generally under multi-year agreements), and collect such taxes from our customers. In instances where the tax is being assessed directly on us, amounts paid to the governmental authorities are recorded as programming and other direct costs and amounts received from the customers are recorded as revenue. For the three and six months ended June 30, 2026, the amount of franchise fees and certain other taxes and fees included as a component of revenue aggregated $48,325 and $97,572, respectively. For the three and six months ended June 30, 2025, the amount of franchise fees and certain other taxes and fees included as a component of revenue aggregated $50,585 and $102,155, respectively. Customer Contract Costs Deferred enterprise sales commission costs are included in other current and noncurrent assets in the consolidated balance sheet and totaled $21,866 and $21,397 as of June 30, 2026 and December 31, 2025, respectively. A significant portion of our revenue is derived from residential and small and medium-sized business ("SMB") customer contracts which are month-to-month. As such, the amount of revenue related to unsatisfied performance obligations is not necessarily indicative of the future revenue to be recognized from our existing customer base. Contracts with enterprise customers generally range from three years to five years, and services may only be terminated in accordance with the contractual terms. Concentration of Credit Risk We did not have a single customer that represented 10% or more of our consolidated revenues for the three and six months ended June 30, 2026 and 2025 or 10% or more of our consolidated net trade receivables at June 30, 2026 and December 31, 2025, respectively. 16 OPTIMUM COMMUNICATIONS, INC. AND SUBSIDIARIES COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) (Dollars in thousands, except share, unit and per share amounts) (Unaudited) NOTE 5. NET INCOME (LOSS) PER SHARE Basic net income (loss) per common share attributable to Optimum Communications stockholders is computed by dividing net income (loss) attributable to Optimum Communications stockholders by the weighted average number of common shares outstanding during the period. Diluted income per common share attributable to Optimum Communications stockholders reflects the dilutive effects of stock options, restricted stock, restricted stock units, and deferred cash-denominated awards. For awards that are performance based, the dilutive effect is reflected upon the achievement of the performance criteria. The Preferred Units outstanding as of June 30, 2026 have cumulative, non-forfeitable rights to dividends. The net loss attributable to common shareholders for the three and six months ended June 30, 2026 was increased by the amount of preferred dividends accumulated for the respective periods. The holders of the Preferred Units have no contractual obligation to share in the losses of the Company. Accordingly, no allocation of the net loss was allocated to the Preferred Units under the two-class method. The following table presents the reconciliation of the numerators and denominators used in the basic and diluted net loss per common share calculations for the three and six months ended June 30, 2026, and 2025: Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Net loss attributable to Optimum Communications stockholders $ (291,761) $ (96,251) $ (3,175,832) $ (171,927) Accrued dividends on Redeemable Preferred Units (6,833) — (6,833) — Adjusted net loss attributable to Optimum Communications stockholders (298,594) (96,251) (3,182,665) (171,927) Weighted-average common shares outstanding — basic and diluted 445,703 467,744 458,988 466,311 Net loss per common share: Basic and diluted $ (0.67) $ (0.21) $ (6.93) $ (0.37) For the three and six months ended June 30, 2026, and 2025, we were in a net loss position. Accordingly, the inclusion of shares of incremental potential common stock from options, restricted stock units, and cash denominated performance awards were excluded from the computation of diluted loss per share because their effect would have been anti-dilutive. As a result, basic and diluted loss per share are identical for the periods presented. CSC Holdings Net income (loss) per membership unit for CSC Holdings is not presented since CSC Holdings is a limited liability company and a wholly-owned subsidiary of Optimum Communications. 17 OPTIMUM COMMUNICATIONS, INC. AND SUBSIDIARIES COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) (Dollars in thousands, except share, unit and per share amounts) (Unaudited) NOTE 6. SUPPLEMENTAL CASH FLOW INFORMATION Our non-cash investing and financing activities and other supplemental data were as follows: Six Months Ended June 30, 2026 2025 Non-Cash Investing and Financing Activities: Optimum Communications and CSC Holdings: Capital expenditures accrued but unpaid $ 230,075 $ 275,827 Vendor financed capital additions 2,511 — Right-of-use assets acquired in exchange for finance lease obligations 19,186 18,202 Optimum Communications common stock acquired by subsidiary in exchange for redeemable preferred units 55,948 — Accrued but unpaid dividends on redeemable preferred units 6,833 — Supplemental Data: Optimum Communications and CSC Holdings: Cash interest paid 888,436 872,995 Income taxes paid, net 84,091 72,458 CSC Holdings: Cash interest paid relating to a note payable to Captive (see Note 13) 2,418 2,657 Reconciliation of cash, cash equivalents and restricted cash: June 30, 2026 2025 Optimum Communications: Cash and cash equivalents $ 1,296,270 $ 247,290 Restricted cash, short-term (see Note 9) 62,994 293 Restricted cash, long-term, included within the line item “other assets” 5,235 — Total cash, cash equivalents and restricted cash $ 1,364,499 $ 247,583 June 30, 2026 2025 CSC Holdings: Cash and cash equivalents $ 1,283,691 $ 236,255 Restricted cash, short-term (see Note 9) 62,994 293 Restricted cash, long-term, included within the line item “other assets” 5,235 — Total cash, cash equivalents and restricted cash $ 1,351,920 $ 236,548 18 OPTIMUM COMMUNICATIONS, INC. AND SUBSIDIARIES COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) (Dollars in thousands, except share, unit and per share amounts) (Unaudited) NOTE 7. RESTRUCTURING, IMPAIRMENTS AND OTHER OPERATING ITEMS Our restructuring, impairments and other operating items are comprised of the following: Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Impairment charge (a) $ — $ — $ 2,700,000 $ — Non-cash exchange of shares for redeemable preferred units (b) 156,555 — 156,555 — Transaction costs related to certain transactions not related to our operations and other 32,441 9,059 50,062 10,844 Contractual payments for terminated employees 11,004 67,902 18,694 70,388 Litigation settlements and contract termination costs (c) 3,000 (11,311) 5,100 5,058 Impairment of right-of-use operating lease assets 3,201 915 3,725 1,326 Facility realignment costs 767 261 461 832 $ 206,968 $ 66,826 $ 2,934,597 $ 88,448 (a)See Note 8 for a discussion of the impairment charge related to our indefinite-lived cable franchise rights. (b)See Note 9 for a discussion of the Private Exchange Transaction. (c)Amounts reflect estimated amounts for certain legal matters, including adjustments to these estimates, and costs to early terminate contracts with vendors. NOTE 8. GOODWILL AND INTANGIBLE ASSETS Our amortizable intangible assets primarily consist of customer relationships acquired pursuant to business combinations and represent the value of the business relationship with those customers. The following table summarizes information relating to our acquired amortizable intangible assets: As of June 30, 2026 As of December 31, 2025 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Estimated Useful Lives Customer relationships $ 6,067,029 $ (5,502,721) $ 564,308 $ 6,089,374 $ (5,405,190) $ 684,184 1 to 18 years Trade names 1,010,000 (1,010,000) — 1,010,000 (1,010,000) — 4 to 7 years Other amortizable intangibles 65,179 (48,237) 16,942 64,664 (46,381) 18,283 1 to 15 years $ 7,142,208 $ (6,560,958) $ 581,250 $ 7,164,038 $ (6,461,571) $ 702,467 Amortization expense for the three and six months ended June 30, 2026 aggregated $59,406 and $120,981, respectively, and $72,319 and $146,389 for the three and six months ended June 30, 2025. The carrying amount of indefinite-lived cable television franchises and goodwill is presented below: Indefinite-lived Cable Franchise Rights Goodwill Balance as of December 31, 2025 $ 11,600,000 $ 8,041,217 Impairment charge (2,700,000) — Balance as of June 30, 2026 $ 8,900,000 $ 8,041,217 19 OPTIMUM COMMUNICATIONS, INC. AND SUBSIDIARIES COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) (Dollars in thousands, except share, unit and per share amounts) (Unaudited) Impairment Tests Goodwill and the value of indefinite-lived cable franchises acquired in business combinations are not amortized. Rather, such assets are tested for impairment annually as of October 1, or whenever events or changes in circumstances indicate that it is more likely than not that the assets may be impaired. A deterioration in the Company’s operating performance, projected future performance or broader macro-economic conditions could be a triggering event that would require testing and may result in an impairment charge prior to the annual testing date. During the three months ended March 31, 2026, we updated our annual long-term plan, which reflected a decline in estimated future cash flows. Management concluded that this was a triggering event and a quantitative impairment test of our indefinite-lived cable franchise rights and goodwill was performed as of March 31, 2026. As a result of our quantitative impairment test, we recorded a non-cash impairment charge of $2,700,000 related to our indefinite-lived cable franchise rights during the three months ended March 31, 2026. These intangible assets represent contractual rights to operate cable systems in specific geographic areas. The decline in the estimated fair value of our indefinite-lived franchise rights was attributable to updated long-term financial projections, that reflected a reduction in estimated future cash flows as a result of increased investment in our fiber network and the sustained competitive environment and macroeconomic conditions. The impairment analysis was conducted using a discounted cash flow methodology, which incorporated updated projections of future cash flows, growth rates, and discount rates consistent with current market assumptions. If we experience a significant shortfall in cash flows from new customers, then we may incur future non-cash impairment charges on our indefinite-lived cable franchise rights. This charge is included in "Restructuring, impairments and other operating items" in the consolidated statement of operations and did not impact our cash flow or liquidity. As the carrying value of our franchise rights represent fair value, any reduction in the fair value of these rights would result in an additional impairment charge. A hypothetical 10% reduction in the fair value of our franchise rights would result in an additional impairment charge of approximately $890,000. In connection with the quantitative test performed on goodwill during the three months ended March 31, 2026, we concluded the estimated fair value of our Telecommunications reporting unit exceeded its carrying value and no impairment was recorded. 20 OPTIMUM COMMUNICATIONS, INC. AND SUBSIDIARIES COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) (Dollars in thousands, except share, unit and per share amounts) (Unaudited) NOTE 9. DEBT AND REDEEMABLE PREFERRED UNITS The following table provides details of our outstanding debt: Interest Rate at June 30, 2026 June 30, 2026 December 31, 2025 Date Issued Maturity Date Principal Amount Carrying Amount (a) Principal Amount Carrying Amount (a) CSC Holdings Senior Notes: October 18, 2018 April 1, 2028 7.500 % $ 4,118 $ 4,116 $ 4,118 $ 4,116 November 27, 2018 April 1, 2028 7.500 % 1,045,882 1,045,453 1,045,882 1,045,342 July 10 and October 7, 2019 January 15, 2030 5.750 % 2,250,000 2,266,163 2,250,000 2,268,198 June 16 and August 17, 2020 December 1, 2030 4.625 % 2,325,000 2,348,140 2,325,000 2,350,423 May 13, 2021 November 15, 2031 5.000 % 500,000 498,931 500,000 498,846 6,125,000 6,162,803 6,125,000 6,166,925 CSC Holdings Senior Guaranteed Notes: September 23, 2016 April 15, 2027 5.500 % 1,310,000 1,309,410 1,310,000 1,309,053 January 29, 2018 February 1, 2028 5.375 % 1,000,000 998,311 1,000,000 997,814 January 31, 2019 February 1, 2029 6.500 % 1,750,000 1,748,951 1,750,000 1,748,770 June 16, 2020 December 1, 2030 4.125 % 1,100,000 1,097,634 1,100,000 1,097,399 August 17, 2020 February 15, 2031 3.375 % 1,000,000 998,345 1,000,000 998,183 May 13, 2021 November 15, 2031 4.500 % 1,500,000 1,496,828 1,500,000 1,496,573 April 25, 2023 May 15, 2028 11.250 % 1,000,000 997,071 1,000,000 996,406 January 25, 2024 January 31, 2029 11.750 % 2,050,000 2,038,825 2,050,000 2,037,054 10,710,000 10,685,375 10,710,000 10,681,252 CSC Holdings Restricted Group Credit Facility: Revolving Credit Facility (b) July 13, 2027 5.975 % 2,225,000 2,223,984 2,125,000 2,123,506 Incremental Term Loan B-5 (c) April 15, 2027 8.250 % 2,812,500 2,809,643 2,827,500 2,822,895 5,037,500 5,033,627 4,952,500 4,946,401 UnSub Group Credit Facility: November 25, 2025 November 25, 2028 9.000 % 3,100,000 2,923,712 2,000,000 1,898,893 NYC ABS Receivables Facility Loan: July 16, 2025 January 16, 2031 — — 980,091 881,175 Lightpath Secured Fiber Network Revenue Notes (d): March 3, 2026 March 25, 2031 5.597 % 1,527,000 1,504,956 — — March 3, 2026 March 25, 2031 5.890 % 130,000 128,123 — — 1,657,000 1,633,079 — — Lightpath Senior Notes (e): September 29, 2020 September 15, 2028 — — 415,000 411,428 Lightpath Senior Secured Notes (e): September 29, 2020 September 15, 2027 — — 450,000 447,320 Lightpath Term Loan(e) November 30, 2027 — — 669,183 667,201 1,657,000 1,633,079 1,534,183 1,525,949 Finance lease obligations 112,169 112,169 105,619 105,619 26,741,669 26,550,765 26,407,393 26,206,214 Less: current maturities (4,151,284) (4,147,837) (60,842) (60,842) Long-term debt $ 22,590,385 $ 22,402,928 $ 26,346,551 $ 26,145,372 (a)The carrying amount is net of the unamortized deferred financing costs and discounts/premiums, as applicable. 21 OPTIMUM COMMUNICATIONS, INC. AND SUBSIDIARIES COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) (Dollars in thousands, except share, unit and per share amounts) (Unaudited) (b)At June 30, 2026, $174,799 of the revolving credit facility was restricted for certain letters of credit issued on our behalf and $75,201 of the $2,475,000 facility was undrawn and available, subject to covenant limitations. The revolving credit facility bears interest at a rate of Secured Overnight Financing Rate ("SOFR") (plus a credit adjustment spread of 0.10%) plus 2.25% per annum. (c)Incremental Term Loan B-5 requires quarterly installments of $7,500 and bore interest at a rate equal to Synthetic USD London Interbank Offered Rate ("LIBOR") plus 2.50% per annum through March 31, 2025. Thereafter, we are required to pay interest at a rate equal to the alternate base rate (“ABR”), plus the applicable margin, where the ABR is the greater of (x) prime rate or (y) the federal funds effective rate plus 50 basis points, and the applicable margin for any ABR loan is 1.50% per annum. (d)At June 30, 2026, $6,288 of a $100,000 Variable Funding Note available to Lightpath was restricted for certain letters of credit issued on its behalf. The remaining $93,712 was undrawn, subject to covenant limitations. (e)Repaid with proceeds from the Lightpath Secured Fiber Network Revenue Notes (see discussion below). For financing purposes, we have three debt silos: CSC Holdings, the UnSub Group (defined below) and Lightpath. The CSC Holdings silo is structured as a restricted group (the "CSC Holdings Restricted Group") and an unrestricted group, which includes Cablevision Litchfield, LLC ("Cablevision Litchfield"), CSC Optimum Holdings, LLC ("CSC Optimum") and certain subsidiaries of CSC Holdings designated as "unrestricted subsidiaries" for the purposes of the CSC Holdings silo (collectively, the "UnSub Group"). The CSC Holdings Restricted Group is comprised of CSC Holdings and its wholly-owned operating subsidiaries, excluding Lightpath and the UnSub Group). The CSC Holdings Restricted Group is subject to the covenants and restrictions of CSC Holdings' credit facility and indentures governing the notes issued by CSC Holdings. The Lightpath silo includes substantially all of Lightpath's operating subsidiaries which are subject to the covenants and restrictions of the secured fiber network revenue notes issued by Lightpath. The UnSub Group is subject to the covenants and restrictions of the UnSub Group Facility. UnSub Group Credit Facility On November 25, 2025, Cablevision Litchfield and CSC Optimum, each an indirect wholly-owned subsidiary of the Company, entered into a Credit Agreement (the "Initial UnSub Group Credit Facility"), by and among Cablevision Litchfield and CSC Optimum, each as a borrower, the guarantors party thereto, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent. The Initial UnSub Group Credit Facility provided for, among other things, initial term loans in an aggregate principal amount of $2,000,000 (the "Initial UnSub Group Credit Facility Loans"). The Initial UnSub Group Credit Facility Loans were used to repay in full the Incremental Term Loan B-7 under the CSC Credit Facilities. On January 12, 2026, Cablevision Litchfield and CSC Optimum entered into an Amended and Restated Credit Agreement (the "A&R UnSub Credit Agreement"), by and among Cablevision Litchfield and CSC Optimum, each as a borrower, the guarantors party thereto, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent. The A&R UnSub Credit Agreement provided for, among other things, incremental term loans in an aggregate principal amount of $1,100,000 (the "Incremental UnSub Credit Facility Loans" and, together with the Initial UnSub Group Credit Facility Loans, the "Credit Facility Loans"). Effective February 11, 2026, Cablevision Funding joined the A&R UnSub Credit Agreement as borrower under solely the Incremental UnSub Credit Facility Loans. The A&R UnSub Credit Agreement amended and restated the Initial UnSub Group Credit Facility in its entirety (as so amended and restated, the "UnSub Group Credit Facility"). The Incremental UnSub Credit Facility Loans were used to repay Receivables Facility Loan and Security Agreement, dated as of July 16, 2025 (the “NYC ABS Loan and Security Agreement”), by and among Cablevision Funding LLC, Cablevision SPE Guarantor LLC, the other loan parties party thereto from time to time, each of the financial institutions from time to time party thereto as lenders, Alter Domus (US) LLC, as administrative agent, Citibank, N.A., as Account Bank (as defined therein), Citibank, N.A., as collateral agent, and Goldman Sachs Bank USA and TPG Angelo Gordon, as structuring agents, and pay certain costs associated with the transactions. The remaining proceeds were used for other general corporate purposes. The UnSub Group Credit Facility Loans will (i) mature on November 25, 2028, (ii) accrue interest at a fixed rate per annum equal to 9.0%, and (iii) not amortize. The Unsub Group entered into a Second Amended and Restated Credit Agreement, dated as of July 6, 2026 (the “Second A&R UnSub Credit Agreement”). The Second A&R UnSub Credit Agreement provides for, among other things, an incremental term loan commitment in an aggregate principal amount of $250,000. The loans made pursuant to such incremental term loan commitment on July 6, 2026 (the “UnSub Incremental Term Loan”) have substantially similar terms as the term loans that have been outstanding under the A&R UnSub Credit Agreement, 22 OPTIMUM COMMUNICATIONS, INC. AND SUBSIDIARIES COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) (Dollars in thousands, except share, unit and per share amounts) (Unaudited) which term loans will remain outstanding under the Second A&R UnSub Credit Agreement, and will (i) mature on November 25, 2028, (ii) accrue interest at a fixed rate per annum equal to 9.0% and (iii) not amortize. In connection with this transaction, we incurred additional deferred financing costs of $13,760. The proceeds are expected to be used for general corporate purposes. Lightpath Secured Fiber Network Revenue Notes On March 3, 2026, Cablevision Lightpath LLC ("Lightpath") refinanced all of its outstanding indebtedness through an asset‑backed securitization ("ABS") transaction. In connection with the refinancing, Lightpath repaid in full and terminated all prior debt facilities, including its senior notes due 2028, senior secured notes due 2027 and its term loan facility balance previously outstanding. Upon repayment, all liens and guarantees associated with this indebtedness were released and all commitments were terminated. The refinancing was executed through the issuance by Lightpath Fiber Issuer LLC (the “Issuer”) of Secured Fiber Network Revenue Notes, Series 2026‑1 (the "Series 2026‑1 Notes"). The Issuer is a newly formed, wholly owned and bankruptcy-remote indirect subsidiary of Lightpath. The notes consist of $1,527,000 in aggregate principal amount of Series 2026-1, Class A-2 Notes (the "Class A-2 Notes") and $130,000 in aggregate principal amount of Series 2026-1, Class B Notes (the "Class B Notes"). The Class A-2 Notes bear interest at a rate of 5.597%, and the Class B Notes bear interest at a rate of 5.890%. Deferred financing costs incurred with the issuance of these notes amounted to $25,281. In addition to the Series 2026-1 Notes, the Issuer also entered into a Variable Funding Note ("VFN") facility with a revolving commitment of up to $100,000 (expandable to $300,000 subject to conditions), and a Liquidity Funding Note facility of up to $45,000, designed to support working capital and liquidity needs within the ABS structure. Proceeds from the issuance of the Series 2026-1 Notes were used to repay all outstanding Lightpath indebtedness existing prior to the refinancing, fund required reserve accounts, including a liquidity reserve account, pay transaction fees, expenses, and other costs associated with the ABS issuance and general corporate purposes. The Series 2026‑1 Term Notes are secured by substantially all of the fiber network assets and related customer agreements of Lightpath's asset‑owning securitized subsidiaries, which collectively serve as collateral for the securitization. The Notes are non‑recourse to Lightpath and its non‑securitized subsidiaries, other than through the guarantees provided within the ABS structure by the asset‑owning entities and Lightpath Fiber Guarantor LLC. Interest on the Series 2026-1 Notes is fixed, payable monthly in arrears, beginning April 2026, and mature in March 2031. The securitization includes customary cash‑flow waterfalls, reserve accounts, financial covenants—including a senior debt service coverage ratio—and provisions for optional and mandatory prepayments. Following this refinancing, Lightpath's revolving credit facility is no longer available, and borrowings will occur within the ABS structure through the Variable Funding Notes, subject to meeting required borrowing conditions. As of June 30, 2026, $6,288 of the available VFN facility was restricted for certain letters of credit issued on Lightpath's behalf. Debt Compliance As of June 30, 2026, CSC Holdings was in compliance with applicable financial covenants under its credit facility. Lightpath Fiber Issuer LLC was in compliance with applicable covenants under the Secured Fiber Network Revenue Notes. The UnSub Group Credit Facility and the respective indentures by which the senior guaranteed notes and senior notes were issued do not provide for any financial covenants. 23 OPTIMUM COMMUNICATIONS, INC. AND SUBSIDIARIES COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) (Dollars in thousands, except share, unit and per share amounts) (Unaudited) Loss on Extinguishment of Debt and the Write-off of Deferred Financing Costs The following table provides a summary of the loss on extinguishment of debt and the write-off of deferred financing costs recorded: Six Months Ended June 30, 2026 Repayment of NYC ABS receivables facility loan $ 98,407 Repayment of Lightpath's 5.625% Senior Notes, 3.875% Senior Secured Notes and Term Loan Facility 7,638 $ 106,045 Summary of Debt Maturities The future principal payments under our various debt obligations outstanding as of June 30, 2026, excluding finance lease obligations, are as follows: 2026 $ 15,000 2027 6,332,500 2028 6,150,000 2029 3,800,000 2030 5,675,000 Thereafter 4,657,000 Redeemable Preferred Unit Transactions Private Placement of Redeemable Preferred Units On May 29, 2026, CSC Investments II LLC ("CSC II"), an indirect wholly owned subsidiary of Optimum Communications, sold to certain institutional accredited investors newly issued Series A Preferred Units of CSC II (the “Preferred Units”) having an initial stated value of $300,000 for an aggregate purchase price of $300,000 (the “Private Placement Transaction”). CSC II is an unrestricted subsidiary of CSC Holdings and a holding company for certain of CSC Holdings’ designated unrestricted subsidiaries, including Cablevision Litchfield, LLC, CSC Optimum Holdings, LLC, certain other subsidiaries of CSC Holdings designated as “unrestricted subsidiaries” for the purposes of the debt agreements of CSC Holdings and CSC Holdings’ interest in Cablevision Lightpath LLC. Proceeds from the Private Placement Transaction were used for general corporate purposes, including to finance the Tender Offer (as defined below) and pay transaction expenses. The Preferred Units are perpetual preferred interests in CSC II. Dividends are payable in cash or by compounding, at CSC II’s option. Cumulative dividends accrue on the stated value of the Preferred Units and are payable quarterly at a rate of 13.0% per annum if paid in cash or 15.0% if compounded. The dividend rate may increase by 2.0% per annum upon the occurrence and during the continuance of certain triggering events. The Preferred Units are redeemable by CSC II at any time at a redemption price (the “Redemption Price”) equal to the greater of (i) 100% of the then-current stated value and (ii) the amount necessary to result in an Applicable Minimum MOIC (as defined in the preferred unit agreement), in each case, plus the aggregate amount of accumulated and unpaid dividends that have not yet been paid in cash or compounded up to, but excluding, the redemption date. The Preferred Units are subject to mandatory redemption upon the occurrence of (i) a sale of all or substantially all of CSC II and its subsidiaries, (ii) any insolvency, liquidation, dissolution or winding up of CSC II or its material subsidiaries (but not a change of control or insolvency, liquidation, dissolution or winding up of Optimum Communications or its subsidiaries (other than CSC II and its subsidiaries)) or (iii) a failure by CSC II to comply with the requirements of a sale demand made by holders of a majority of any Preferred Units that remain outstanding following the eighth anniversary of the issue date. 24 OPTIMUM COMMUNICATIONS, INC. AND SUBSIDIARIES COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) (Dollars in thousands, except share, unit and per share amounts) (Unaudited) The terms of the Preferred Units permit CSC II and its subsidiaries to incur indebtedness, subject to compliance with a consolidated total net debt ratio (excluding the Preferred Units or any senior equity) of 4.50x on a pro forma basis, and to incur senior or pari preferred equity subject to a consolidated total net debt and preferred equity ratio of 4.75x on a pro forma basis (which ratios decrease to 4.00x upon the occurrence of certain events) and certain other exceptions. In addition, upon the occurrence of certain triggering events, restrictions on specified payments or affiliate transactions will also apply. Due to the existence of contingent redemption features that are not solely within the Company’s control, the Preferred Units are classified as temporary equity in the accompanying consolidated balance sheets. The carrying value is accreted to the redemption value, including the impact of compounding distributions, through charges to retained earnings (or, in the absence of retained earnings, additional paid-in capital). Accretion of the Preferred Units’ redemption value and distributions reduce income available to common equity holders for purposes of earnings per share. Private Exchange Transaction On May 29, 2026, CSC II entered into an exchange transaction (the “Private Exchange Transaction”) with Next Alt and its affiliate, Next Partner, L.P. (“Next Partner” and, together with Next Alt, the “Next Entities”), certain members of Optimum Communications' board of directors and executive management. In the Private Exchange Transaction, CSC II issued additional Preferred Units having an initial stated value of $200,000 to Next Partner in exchange for 5,846,652 shares of Optimum Class A common stock, par value $0.01 per share (“Class A shares”) owned by Next Alt, and 74,153,348 shares of Optimum Class B common stock, par value $0.01 per share (“Class B shares”) owned by Next Alt, implying a price of $2.50 per common share, and Preferred Units having an aggregate initial stated value of $12,503 to such members of Optimum Communications' board of directors and executive management in exchange for 5.0 million Class A shares. Such exchanged common shares are held by CSC II and were not canceled. As required by GAAP, the Company recognized an expense of $156,555 based on the closing price of the Company's common stock on the transaction date. The expense is included in restructuring, impairments and other operating items in the accompanying consolidated statement of operations. The shares held by CSC II are reflected as treasury shares on the consolidated balance sheet of Optimum Communications. Next Alt is a personal holding company of Patrick Drahi, who is its controlling shareholder and a member of Optimum Communications’ board of directors. As of May 27, 2026, Next Alt beneficially owned approximately 39.6% of the Company’s outstanding Class A shares and approximately 99.9% of the Company’s outstanding Class B shares, representing in the aggregate approximately 94.0% of the voting power of the Company. After giving effect to the Private Exchange Transaction, Next Alt beneficially owned approximately 27.8% of the Company’s outstanding Class A shares and approximately 99.9% of the Company’s outstanding Class B shares, representing in the aggregate approximately 90.5% of the voting power of the Company. NOTE 10. FAIR VALUE MEASUREMENT The fair value hierarchy is based on inputs to valuation techniques that are used to measure fair value that are either observable or unobservable. Observable inputs reflect assumptions market participants would use in pricing an asset or liability based on market data obtained from independent sources while unobservable inputs reflect a reporting entity's pricing based upon their own market assumptions. The fair value hierarchy consists of the following three levels: •Level I - Quoted prices for identical instruments in active markets. •Level II - Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. •Level III - Instruments whose significant value drivers are unobservable. The following table presents our financial assets and financial liabilities that are measured at fair value on a recurring basis and their classification under the fair value hierarchy: 25 OPTIMUM COMMUNICATIONS, INC. AND SUBSIDIARIES COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) (Dollars in thousands, except share, unit and per share amounts) (Unaudited) Fair Value Hierarchy June 30, 2026 December 31, 2025 Assets: Money market funds (a) Level I $ 825,563 $ 937,365 Interest rate swap contracts Level II — 2,274 Liabilities: Interest rate swap contracts Level II — 1,342 Contingent consideration related to acquisitions Level III 4,500 4,941 (a)Money market funds at CSC Holdings amounted to $817,662 and $929,604 as of June 30, 2026 and December 31, 2025, respectively. Our money market funds which are classified as cash equivalents are classified within Level I of the fair value hierarchy because they are valued using quoted market prices. The interest rate swap contracts on our consolidated balance sheet at December 31, 2025 were valued using market-based inputs to valuation models. These valuation models require a variety of inputs, including contractual terms, market prices, yield curves, and measures of volatility. When appropriate, valuations are adjusted for various factors such as liquidity, bid/offer spreads and credit risk considerations. Such adjustments are generally based on available market evidence. Since model inputs can generally be verified and do not involve significant management judgment, we have concluded that these instruments should be classified within Level II of the fair value hierarchy. The fair value of the contingent consideration as of June 30, 2026 and December 31, 2025 related to certain acquisitions was determined using a probability assessment of the contingent payment for the respective periods. Fair Value of Financial Instruments The following methods and assumptions were used to estimate fair value of each class of financial instruments for which it is practicable to estimate: Credit Facility Debt, Senior Notes, Senior Guaranteed Notes, Senior Secured Notes and Secured Fiber Network Revenue Notes The fair values of each of our debt instruments are based on quoted market prices of these instruments. UnSub Group Credit Facility and NYC ABS Receivables Facility Loan The fair value of the UnSub Group Credit Facility and NYC ABS receivables facility loan are based on Level 3 inputs, as these facilities are not actively traded and were determined using a discounted cash flow ("DCF") model. This model estimates the present value of the expected future interest and principal payments under the terms of the UnSub Group Credit Facility and NYC ABS receivables facility loan. The carrying values, estimated fair values, and classification under the fair value hierarchy of our financial instruments, excluding those that are carried at fair value in the accompanying consolidated balance sheets, are summarized below: 26 OPTIMUM COMMUNICATIONS, INC. AND SUBSIDIARIES COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) (Dollars in thousands, except share, unit and per share amounts) (Unaudited) June 30, 2026 December 31, 2025 Fair Value Hierarchy Carrying Amount (a) Estimated Fair Value Carrying Amount (a) Estimated Fair Value Credit facility debt Level II $ 5,033,627 $ 4,937,500 $ 5,613,602 $ 5,621,683 Secured Fiber Network Revenue Notes Level II 1,633,079 1,653,565 — — Senior guaranteed notes and senior secured notes Level II 10,685,375 6,533,200 11,128,572 7,929,625 Senior notes Level II 6,162,803 1,431,375 6,578,353 2,841,963 UnSub Group Credit Facility Level III 2,923,712 3,051,505 1,898,893 1,995,498 NYC ABS receivables facility loan Level III — — 881,175 990,076 $ 26,438,596 $ 17,607,145 $ 26,100,595 $ 19,378,845 (a)Amounts are net of unamortized deferred financing costs and discounts/premiums. The table above excludes the estimated fair value of CSC Holding's note payable to Captive of $78,500 and $82,500 as of June 30, 2026 and December 31, 2025, respectively, as it is eliminated in the Optimum Communications consolidated financial statements (see Note 13). The carrying value of the note payable approximates fair value due to its short-term maturity (less than one year). The fair value estimates related to our debt instruments presented above are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgments and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates. NOTE 11. INCOME TAXES We use an estimated annual effective tax rate ("AETR") to measure the income tax expense or benefit recognized on a year-to-date basis in an interim period. In addition, certain items included in income tax expense as well as the tax impact of certain items included in pretax income must be treated as discrete items. The income tax expense or benefit associated with these discrete items is fully recognized in the interim period in which the items occur. Optimum Communications For the three and six months ended June 30, 2026, we recorded a tax benefit of $38,671 and $83,779 on pre-tax loss of $320,800 and $3,242,884, respectively, resulting in an effective tax rate that was lower than the U.S. statutory rate. The lower rate is primarily due to the nonrecognition for tax purposes of the intangible impairment charge recognized in the first quarter of 2026 and the expense related to the Private Exchange transaction recognized in the second quarter of 2026. For the three and six months ended June 30, 2025, we recorded a tax benefit of $47,647 and $63,611 on pre-tax loss of $135,633 and $222,868, respectively, resulting in an effective tax rate that was higher than the U.S. statutory tax rate. The higher rate is due to the impact of state tax expense, certain non-deductible expenses, and tax deficiencies on share-based compensation. As part of state tax expense, the rate increased in the three months ended June 30, 2025 due to a discrete adjustment of $6,823, primarily driven by the extension of the Connecticut Corporation Business Tax surcharge. CSC Holdings For the three and six months ended June 30, 2026, we recorded a tax benefit of $39,292 and $85,041 on pre-tax loss of $323,756 and $3,248,892, respectively, resulting in an effective tax rate that was lower than the U.S. statutory rate. The lower rate is primarily due to the nonrecognition for tax purposes of the intangible impairment charge recognized in the first quarter of 2026 and the expense related to the Private Exchange transaction recognized in the second quarter of 2026. For the three and six months ended June 30, 2025, we recorded a tax benefit of $48,760 and $65,212 on pre-tax loss of $141,778 and $231,947, respectively, resulting in an effective tax rate that was higher than the U.S. statutory tax rate. The higher rate is due to the impact of state tax expense, certain non-deductible expenses, and tax deficiencies 27 OPTIMUM COMMUNICATIONS, INC. AND SUBSIDIARIES COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) (Dollars in thousands, except share, unit and per share amounts) (Unaudited) on share-based compensation. As part of state tax expense, the rate increased in the three months ended June 30, 2025 due to a discrete adjustment of $6,823, primarily driven by the extension of the Connecticut Corporation Business Tax surcharge. NOTE 12. SHARE-BASED COMPENSATION AND LONG-TERM INCENTIVE AWARDS Share-Based Compensation The following table presents share-based compensation expense and unrecognized compensation cost: Share-Based Compensation Unrecognized Compensation Cost as of June 30, 2026 Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Awards issued pursuant to LTIP: Restricted share units $ 3,385 $ 10,589 $ 10,357 $ 20,317 $ 19,689 Cash denominated performance awards 2,145 4,608 10,082 8,758 35,640 Other 109 969 177 2,540 204 $ 5,639 $ 16,166 $ 20,616 $ 31,615 $ 55,533 Restricted Share Units The following table summarizes activity related to restricted share units granted to our employees: Number of Units Balance at December 31, 2025 34,012,303 Granted 735,294 Vested (12,031,582) Forfeited (2,467,994) Balance at June 30, 2026 20,248,021 Cash Denominated Performance Awards The following table summarizes activity related to cash denominated performance award granted to our employees: Number of Units Balance at December 31, 2025 122,516,250 Granted 600,000 Vested (25,449,976) Forfeited (14,597,524) Balance at June 30, 2026 83,068,750 The cash denominated performance awards cliff vest in three years. The payout of these awards can range from 0% to 200% of the target value based on our achievement of certain revenue and Adjusted EBITDA targets during a three year performance period. These awards will be settled in shares of our Class A common stock, or cash, at our option. Lightpath Plan Awards As of June 30, 2026, 649,665 Class A-1 management incentive units and 305,754 Class A-2 management incentive units ("Award Units") granted to certain employees of Lightpath were outstanding. Vested units will be redeemed upon a partial exit, a change in control or the completion of an initial public offering, as defined in the Lightpath Holdings LLC agreement. The grant date fair value of the Award Units outstanding aggregated $38,517 and will be expensed in the period in which a partial exit or a liquidity event is consummated. 28 OPTIMUM COMMUNICATIONS, INC. AND SUBSIDIARIES COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) (Dollars in thousands, except share, unit and per share amounts) (Unaudited) Long-Term Incentive Awards Deferred Cash Award In February and June 2026, certain employees were granted a time-based Deferred Cash Award (“DCA”). The awards granted in February vest ratably over three years with one-third payable in cash in each of December 2026, December 2027, and December 2028. The awards granted in June 2026 vest ratably over three years with one-third payable in cash in each of June 2027, June 2028, and June 2029. The amount outstanding pursuant to these awards totaled $37,930 (net of forfeitures) as of June 30, 2026. For the six months ended June 30, 2026, we recorded compensation cost related to these awards of $4,896. NOTE 13. AFFILIATE AND RELATED PARTY TRANSACTIONS Affiliate and Related Party Transactions Optimum Communications is controlled by Patrick Drahi through Next Alt who also controls Altice Europe and other entities. As the transactions discussed below were conducted between entities under common control by Mr. Drahi, amounts charged for certain services may not have represented amounts that might have been received or incurred if the transactions were based upon arm's length negotiations. The following table summarizes the revenue and expenses related to services provided to or received from affiliates and related parties: Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Revenue $ 23 $ 43 $ 78 $ 161 Operating expenses: Programming and other direct costs (614) (943) (1,763) (2,541) Other operating expenses, net (5,117) (12,540) (18,065) (25,462) Operating expenses, net (5,731) (13,483) (19,828) (28,003) Net charges $ (5,708) $ (13,440) $ (19,750) $ (27,842) Capital expenditures $ 6,754 $ 7,988 $ 16,896 $ 29,822 Revenue We recognize revenue primarily from the sale of advertising to a related party. Programming and Other Direct Costs Programming and other direct costs include costs incurred for advertising services provided by a related party. Other Operating Expenses, Net Other operating expenses primarily include charges for services provided by certain subsidiaries of Altice Europe and other related parties, including costs for customer care services. Capital Expenditures Capital expenditures primarily include costs for equipment purchased and software development services provided by subsidiaries of Altice Europe. 29 OPTIMUM COMMUNICATIONS, INC. AND SUBSIDIARIES COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) (Dollars in thousands, except share, unit and per share amounts) (Unaudited) Aggregate amounts that were due from and due to affiliates and related parties are summarized below: June 30, 2026 December 31, 2025 Due from: Altice Europe $ — $ 30 Other affiliates and related parties 445 445 $ 445 $ 475 Due to: Altice Europe $ 6,077 $ 24,938 Other affiliates and related parties 783 2,091 $ 6,860 $ 27,029 Amounts due from affiliates presented in the table above represent amounts due for services provided to the respective related party. Amounts due to affiliates presented in the table above and included in other current liabilities in the accompanying balance sheets relate to the purchase of equipment, customer care services, and advertising services, as well as reimbursement for payments made on our behalf. CSC Holdings Transactions with Optimum Communications During the three and six months ended June 30, 2025, CSC Holdings made cash equity distribution payments to its parent of $1,191, and $9,738, respectively, and received non-cash equity contributions from its parent of $43 for the three and six months ended June 30, 2025, respectively. The following table provides intercompany balances and activity between CSC Holdings and Optimum Communications as of June 30, 2026 and for the year ended December 31, 2025: June 30, 2026 December 31, 2025 Amounts due from Optimum Communications $ 9,253 $ 2,346 Amounts due from (due to) the Captive 541 (201) Note payable to the Captive 78,500 82,500 Six Months Ended June 30, 2026 2025 Interest expense on intercompany note payable to the Captive $ 2,418 $ 2,657 In December 2025, we transferred our interest in i24 NEWS to an entity under common control, for cash consideration of $1,000. In addition, we agreed to reimburse the buyer for certain liabilities incurred by the buyer, not to exceed $5,000. The accompanying statement of stockholders' deficiency reflects distributions aggregating $4,907 related to this reimbursement. NOTE 14. COMMITMENTS AND CONTINGENCIES Legal Matters On February 17, 2023, Touchstream Technologies, Inc. filed a patent infringement lawsuit, alleging infringement of certain patents directed to the use of a personal computing device, such as a mobile phone, to control playback of content on a separate display device, such as a TV. Touchstream’s allegation of infringement is based on a remote control and “Watch on TV” functionality previously available to customers through the Company’s Optimum and Optimum TV mobile applications for iPhone and Android devices. The suit, originally filed in the U.S. District Court for the Eastern District of Texas and later transferred to the U.S. District Court for the Eastern District of New York, is in discovery. Although the outcome of this matter cannot be predicted and the impact of the final resolution on our results of operations in a subsequent reporting period is not known, management does not believe that the resolution of the matter will have a material adverse effect on our operations or financial position or our ability to meet our financial obligations as they become due. 30 OPTIMUM COMMUNICATIONS, INC. AND SUBSIDIARIES COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) (Dollars in thousands, except share, unit and per share amounts) (Unaudited) On September 10, 2024, United States Technologies Communication Corp. d/b/a Netceed filed suit in the New York Supreme Court, New York County. Plaintiff asserts claims for declaratory judgment, breach of contract, and breach of the implied covenant of good faith and fair dealing for alleged violations of the parties’ services and sales agreements, and seeks compensatory damages, as set forth in the complaint. We deny the claims and intend to vigorously defend the lawsuit. On November 21, 2024, we filed a motion to dismiss in part plaintiff’s complaint, and on May 15, 2025, the Court issued a decision and order on the Company’s motion to dismiss, and dismissed certain causes of action. On June 12, 2025, the Company filed its answer, affirmative defenses, and counterclaim. Although the outcome of this matter cannot be predicted and the impact of the final resolution on our results of operations in a subsequent reporting period is not known, management does not believe that the resolution of the matter will have a material adverse effect on our operations or financial position or our ability to meet our financial obligations as they become due. On June 9, 2026, Paul Berger as trustee for The Paul Berger Revocable Trust, directly on behalf of himself and all other similarly situated stockholders of Optimum Communications, Inc., filed a putative class action suit against Patrick Drahi, Dennis Mathew, Dexter Goei, Charles Stewart, Dennis Okhuijsen, Susan C. Schnabel, Raymond Svider, David Drahi, Mark Mullen, Marc Sirota, Michael Parker, Michael E. Olsen, Next Alt S.a.r.l., and Next Partner, L.P. and Optimum Communications, Inc. in connection with recently disclosed restructuring transactions, the Private Exchange Transaction, and the Tender Offer (as defined below). Plaintiff brings (1) a direct claim for breach of fiduciary duty against the Director defendants and Marc Sirota, (2) a derivative claim for breach of fiduciary duty against the controller defendants (Next Alt S.a.r.l., Next Partner, L.P., and Patrick Drahi), and (3) a derivative claim for breach of fiduciary duty against the director and officer defendants (excluding two directors). Plaintiff also moved for expedited proceedings, though withdrew that motion following the Company’s filing of supplemental disclosures. Plaintiff has until September 8, 2026 to file an amended complaint. Although the outcome of this matter cannot be predicted and the impact of the final resolution on our results of operations in a subsequent reporting period is not known, management does not believe that the resolution of the matter will have a material adverse effect on our operations or financial position or our ability to meet our financial obligations as they become due. We also receive notices from third parties, and in some cases we are named as a defendant in lawsuits, claiming infringement of various patents or copyrights relating to various aspects of our businesses. In certain of these cases other industry participants are also defendants, and in certain of these cases we expect that some or all potential liability would be the responsibility of our vendors pursuant to applicable contractual indemnification provisions. In the event that we are found to infringe on any patent or other intellectual property rights, we may be subject to substantial damages or an injunction that could require us or our vendors to modify certain products and services we offer to our subscribers, as well as enter into royalty or license agreements with respect to the patents at issue. We are also party to various other lawsuits, disputes and investigations arising in the ordinary course of our business, some of which may involve claims for substantial damages, fines or penalties. Although the outcome of these matters cannot be predicted and the impact of the final resolution of these matters on our results of operations in a particular subsequent reporting period is not known, management does not believe that the resolution of these matters, individually, will have a material adverse effect on our operations or financial position or our ability to meet our financial obligations as they become due, but they could be material to our consolidated results of operations or cash flows for any one period. NOTE 15. SEGMENT REPORTING We principally deliver broadband, video, telephony and mobile services to residential and business customers, as well as proprietary content and advertising services in the United States. Our connectivity services are provided through a converged fixed and mobile network and key operating activities and resource allocation decisions are managed centrally. Our chief executive officer is the chief operating decision maker ("CODM"). Our CODM assesses performance and decides how to allocate resources based on our consolidated statements of operations. Our CODM manages the business on a consolidated basis such that we have a single operating segment. Our segment performance measure is consolidated net income (loss). The measure of segment assets is the Company's total consolidated assets which are reflected on our balance sheets. The following table presents significant expenses that are not separately presented on the statements of operations that are reviewed by the CODM. 31 OPTIMUM COMMUNICATIONS, INC. AND SUBSIDIARIES COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) (Dollars in thousands, except share, unit and per share amounts) (Unaudited) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Programming costs $ 426,146 $ 497,520 $ 867,488 $ 1,002,276 Other direct costs (a) 161,508 165,170 351,295 330,945 Programming and other direct costs $ 587,654 $ 662,690 $ 1,218,783 $ 1,333,221 Sales and marketing (d) $ 173,502 $ 200,381 $ 353,932 $ 381,276 Network services 135,540 136,771 258,452 270,921 Other (b) 346,914 359,715 703,775 742,856 Other operating expenses (c) $ 655,956 $ 696,867 $ 1,316,159 $ 1,395,053 (a)Other direct costs include interconnection, call completion, circuit and transport fees paid to other telecommunication companies for the transport and termination of voice and data services. These costs also include franchise fees which are payable to the state governments and local municipalities where we operate. Additionally, these costs include the cost of media for advertising spots sold, the cost of mobile devices sold to our customers and direct costs of providing mobile services. (b)Other operating expenses include costs related to our call center operations that handle customer inquiries and billing and collection activities, costs related to our information technology systems, costs related to our news and advertising business, as well as our Lightpath business, and various other operating costs such as share-based compensation, corporate overhead and facilities. (c)Other operating expenses for CSC Holdings for the three and six months ended June 30, 2026 amounted to $657,640 and $1,319,610, respectively, and include additional costs of $1,684 and $3,451 respectively, that were eliminated at Optimum Communications. (d)Certain reclassifications have been made to the 2025 amounts to conform to the 2026 presentation. NOTE 16. SUPPLEMENTAL INFORMATION For financing purposes, CSC Holdings is structured as a "Restricted Group" and an "Unrestricted Group." The Restricted Group was historically comprised of CSC Holdings and substantially all of its wholly-owned operating subsidiaries. These Restricted Group subsidiaries are subject to the covenants and restrictions of the CSC Holdings' Credit Facility and the indentures governing the notes issued by CSC Holdings. The Unrestricted Group includes certain designated subsidiaries and investments (the "Unrestricted Group") which are not subject to such covenants. The composition of the Restricted Group was modified as a result of the NYC ABS transaction in July 2025 and an amendment to the CSC Holdings' Credit Facility in November 2025, which resulted in certain subsidiaries being re-designated as unrestricted subsidiaries. The financial information presented below reflects the current composition of the Restricted Group following these re-designations. The financial information set forth below reflects the financial condition and results of operations of the Restricted Group, presented separately from the financial condition and results of operations of the Unrestricted Group. To provide a meaningful comparison of the current composition of the Restricted Group, the financial information as of and for the three and six months ended June 30, 2025 is presented on a pro forma basis as if the July 2025 designation and the November 2025 designation had, in each case, occurred on January 1, 2025. 32 OPTIMUM COMMUNICATIONS, INC. AND SUBSIDIARIES COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) (Dollars in thousands, except share, unit and per share amounts) (Unaudited) CSC Holdings Restricted Group As of June 30, 2026 ASSETS Current assets $ 994,485 Long term assets 7,437,843 Total assets $ 8,432,328 LIABILITIES AND MEMBER'S DEFICIENCY Current liabilities $ 5,170,018 Long-term debt 17,841,450 Long-term liabilities 1,084,715 Total liabilities 24,096,183 Total member's deficiency (15,663,855) Total liabilities and member's deficiency $ 8,432,328 CSC Holdings Restricted Group Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Revenue $ 689,141 $ 748,845 $ 1,414,908 $ 1,498,034 Operating expenses (a) 766,842 691,130 3,053,431 1,395,817 Operating income (77,701) 57,715 (1,638,523) 102,217 Other expense, net (375,754) (424,683) (734,571) (830,538) Loss before income taxes (453,455) (366,968) (2,373,094) (728,321) Income tax benefit 108,622 130,600 166,146 214,032 Net loss $ (344,833) $ (236,368) $ (2,206,948) $ (514,289) (a)Includes an impairment charge related to our indefinite-lived cable franchise rights of $1,618,489 for the six months ended June 30, 2026. NOTE 17. SUBSEQUENT EVENTS Cash Tender Offer In accordance with the terms and conditions of a tender offer by CSC II (the "Tender Offer") to purchase shares of Class A common stock of Optimum Communications from unaffiliated stockholders at a purchase price of $2.50 per share, in July 2026 CSC II purchased 120,000,000 shares for an aggregate purchase price of $300,000, excluding fees and expenses related to the Tender Offer. 33