Cable One IncCABO
▼ NegativeCapitalrelevance
Q2 revenues and adjusted EBITDA declined year-over-year, and residential broadband customers fell by 17,000.
Impact on stocks 1
Cloud & Digital Infrastructure
Cable One IncCable One reported second quarter 2026 results with total revenues of $348.9 million, down from $381.1 million a year earlier, and adjusted EBITDA of $173.5 million, or 49.7% of revenues, compared to $203.2 million, or 53.3%, in the prior-year quarter. The company lost 17,000 residential broadband customers during the quarter as elevated churn continued to pressure subscriber results, while residential data revenues declined 7.3% year-over-year. CEO Jim Holanda said improving customer retention is the most important operational priority, and the company is investing in digital and direct sales channels, which now account for roughly 35% of sales, up from less than 10% a year ago. CFO Todd Koetje noted the company reduced debt by $63 million in the quarter and nearly $130 million in the first half of the year, with gross debt at $3.06 billion and cash of $166.2 million at quarter end. Cable One also reaffirmed that full-year capital expenditures are expected to remain consistent with the prior year.
Cable One IncQ2 revenues and adjusted EBITDA declined year-over-year, and residential broadband customers fell by 17,000.