Cable One IncCABO
▼ NegativeDemandrelevance
Lost 17,000 residential broadband customers and residential data revenue fell 7.3% YoY.
Impact on stocks 1
Cloud & Digital Infrastructure
Cable One IncCable One reported second-quarter results showing continued residential broadband subscriber losses alongside improving connect trends and debt reduction. The company lost 17,000 residential broadband customers as elevated churn persisted, with residential data revenue falling 7.3% year-over-year on a 6.6% drop in subscribers. Total revenue slid to $348.9 million from $381.1 million a year earlier, while adjusted EBITDA fell to $173.5 million, or 49.7% of revenue, down from 53.3% a year earlier. Cable One cut its debt balances by $63 million in the quarter, pushing year-to-date debt reduction to nearly $130 million, and management pointed to rising average revenue per user and improving connect activity as signs of stabilization.
Cable One IncLost 17,000 residential broadband customers and residential data revenue fell 7.3% YoY.