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Mar 31, 2023
Cable One Q1 2023 Earnings Report
Cable One's financial performance reflected a decrease in total revenues, offset by an increase in residential data revenue and a strong adjusted EBITDA margin.
Key Takeaways
Cable One reported a slight decrease in revenue but an increase in adjusted EBITDA for Q1 2023. Residential data saw growth, while other segments declined. The company invested in its network and returned capital to shareholders through share repurchases and dividends.
Net income decreased to $57.4 million compared to $171.5 million in the first quarter of 2022, while adjusted EBITDA increased to $228.8 million.
Total revenues decreased to $421.9 million, with residential data revenues increasing by 5.5% but business services revenues remaining essentially flat.
Residential data primary service units grew by 3,677 year-over-year, and average monthly revenue per unit increased by $3.62 to $83.58.
The company repurchased 56,766 shares of its common stock at an aggregate cost of $41.8 million and paid $16.5 million in dividends.
Revenue by Segment
Forward Guidance
This document does not provide explicit forward guidance. It primarily reports on the financial results of the first quarter of 2023 and compares them to the first quarter of 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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