Cable One

Aug 09, 2021

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Jun 30, 2021

Cable One Q2 2021 Earnings Report

Reported an increase in revenue and net income driven by residential data and business services growth, including contributions from the Hargray acquisition.

Key Takeaways

Cable One reported a strong second quarter with a 22.4% increase in total revenues to $401.7 million, driven by growth in residential data and business services, including $50.6 million from Hargray operations. Net income increased by 69.7% to $106.2 million, with $4.4 million from Hargray operations. Adjusted EBITDA increased by 30.7% to $213.2 million, including $22.3 million from Hargray operations.

Total revenues increased by 22.4% to $401.7 million, including $50.6 million from Hargray operations.

Net income increased by 69.7% to $106.2 million, including $4.4 million from Hargray operations.

Residential data revenues increased by 26.6%, including $18.0 million from Hargray operations.

Business services revenues increased by 31.0%, including $14.9 million from Hargray operations.