Shares of Altice USA (NYSE: ATUS), a leading provider of broadband communications and video services, surged 7.01% in pre-market trading on Thursday, February 13, 2025. This movement followed the company's release of its fourth quarter and full-year 2024 financial results, as well as the announcement of ambitious plans to upgrade its network infrastructure.

For the quarter ended December 31, 2024, Altice reported revenue of $2.24 billion, in line with analysts' expectations. However, the company's earnings of -$0.12 per share missed Wall Street's consensus estimate of $0.04, leading to a mixed reaction from investors initially.

Amidst the earnings release, Altice unveiled plans to enable the delivery of multi-gigabit internet speeds across 65% of its service footprint by 2028. This initiative will double the current availability of multi-gig speeds over the next three years, positioning the company to meet the growing demands of modern households and businesses.

Additionally, Altice celebrated a significant milestone, announcing that its Optimum Fiber internet service is now available at three million passings, representing nearly one-third of the company's footprint. This achievement underscores Altice's commitment to expanding its high-speed fiber network and providing customers with reliable, cutting-edge connectivity solutions.

In light of these developments, investors appear to be favoring Altice's long-term growth prospects, propelling the stock higher in pre-market trading. As the company continues to invest in its network infrastructure and roll out enhanced services, it remains well-positioned to capitalize on the increasing demand for high-speed internet and digitalization across various sectors.