Cable One reported a decrease in revenue and net income for Q1 2024 compared to the same period last year. However, the company saw sequential growth in residential data customers. The company's revenues totaled $404.3 million, and net income was $47.3 million.
Residential data PSUs grew sequentially by 6,900, or 0.7%, from Q4 2023.
Business data PSUs grew sequentially by 300, or 0.3%, from Q4 2023.
Net income decreased to $47.3 million compared to $57.4 million in Q1 2023.
Total revenues decreased to $404.3 million compared to $421.9 million in Q1 2023.
This communication may contain “forward-looking statements” that involve risks and uncertainties. These statements can be identified by the fact that they do not relate strictly to historical or current facts, but rather are based on current expectations, estimates, assumptions and projections about the Company’s industry, business, strategy, acquisitions and strategic investments, market expansion plans, dividend policy, capital allocation, financing strategy, financial results and financial condition.
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