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Mar 31, 2020
Cable One Q1 2020 Earnings Report
Reported an increase in revenue and net income, driven by residential data and business services growth.
Key Takeaways
Cable One reported a 15.3% increase in total revenues to $321.2 million for Q1 2020, driven by growth in residential data and business services. Net income increased by 79.0% to $69.3 million. The company is taking measures to support customers and communities impacted by the COVID-19 pandemic.
Total revenues increased by 15.3% to $321.2 million compared to Q1 2019.
Residential data revenues increased 19.4% and business services revenues increased 22.7% year-over-year.
Net income increased 79.0% year-over-year to $69.3 million.
Net cash provided by operating activities increased 13.5% year-over-year to $118.5 million.
Forward Guidance
The Company anticipates a larger-than-usual quarterly increase in new residential data customers and resulting revenues in the second quarter of 2020 stemming from the COVID-19 pandemic, offset by lower data overage fees, late charges and reconnect fees resulting from the Company’s actions in response to the pandemic as well as a negative impact on advertising and business services revenues resulting from the pandemic.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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