Cable One reported a challenging first quarter for 2025, with total revenues decreasing by 5.9% and net income plummeting by 93.0% compared to the prior year. The decline was primarily driven by a reduction in residential data and video subscribers, compounded by increased equity method investment losses. Despite the downturn, the company is focused on executing a multi-year plan aimed at achieving profitable growth.
Total revenues for Q1 2025 were $380.6 million, a decrease of 5.9% year-over-year.
Net income for Q1 2025 was $2.6 million, down significantly by 93.0% from Q1 2024.
Residential data revenues decreased by 4.5% due to a reduction in subscribers and lower ARPU.
The company suspended its quarterly cash dividend to allocate funds towards debt repayment and growth initiatives.
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